Netcapital Inc (NCPL) 2026 Q1 法說會逐字稿

Good day everyone, and welcome to the fiscal year 2026 first quarter earnings call for Net Capital Inc. (Operator Instructions) It is now my pleasure to hand the floor over to your host, Coreen Kraysler, Chief Financial Officer at Net Capital. Ma'am, the floor is yours.

Thank you, Matthew. Good morning, everyone, and thank you for joining Net Capital's first quarter fiscal 2026 Financial results conference call. I'm Coreen Kraysler, CFO of Net Capital Inc. I will begin by reviewing our financial results, and then our Chief Executive Officer, Martin Kay, will share his prepared remarks before we open the Q&A portion of our call.

Before we begin, I'd like to remind everyone of the safe harbor disclosure regarding forward-looking information. Management's discussion may include forward-looking statements. These statements relate to future events or future financial performance, and involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results.

Levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Any forward-looking statements reflect management's current views with respect to operations, results of operations, growth strategy, liquidity, and future events.

Net capital assumes no obligation to publicly update or revise these forward-looking statements for any reason or to update the reasons, actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

With that said, I'd like to now turn to our financial results for the first quarter fiscal 2026. We reported revenues of $190,00058 for the three months ended July 30, 2025, which was an increase of approximately 34% as compared to $142,000227 during the three months ended July 31, 2024.

The increase in revenues was primarily attributed to an increase in portal fees and an increase in revenues for the services that we provide in exchange for equity securities during the quarter. One issuer that accounted for 73% of our revenues in the three months ended July 31, 2025, was responsible for the increase.

That issuer successfully raised approximately $5 million from March 20, March 24, 2025, to May 30, 2025. We reported an operating loss of approximately $3.3 million, compared to an operating loss of approximately $2.5 million for the first quarter of fiscal year 2025. We reported a loss per share of $1.27, compared to a loss per share of $5.10 for the first quarter of fiscal year 2025.

As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million. I'll now turn the call over to our CEO, Martin Kay.

Thank you, Coreen, and thank you again to all our shareholders for being on this call today and for your continued support and interest in the company. As Coreen mentioned earlier, we began the new fiscal year with encouraging results. Revenue and portal fee growth of more than 30% highlights the solid performance of our core business.

On our recent fiscal 2025 year-end call, we emphasized the strategic shift in our business model, moving away from equity-based consulting revenue to focus on building a stronger, more scalable business. While fiscal 2025 presented challenges, we're pleased to see this vision taking shape in the first quarter of fiscal 2026.

We remain committed to driving long term growth through innovation, execution, and focus to build the best fintech ecosystem. In addition to improved financial performance, we achieved several significant milestones this quarter. We established a crypto advisory board composed of accomplished industry leaders to guide our efforts in integrating blockchain digital assets, and crypto with traditional finance.

This initiative positions us to play a larger role in fintech, and to explore opportunities in decentralized finance for DeFi. We also launched a game advisory Board to advance our strategic growth initiatives and deepen engagement with the online game community.

This Board brings together innovative leaders whose expertise will help us expand our ecosystem and drive long-term growth. With our net capital funding portal, and our broker dealer Net Capital Securities Inc. We already serve a broad base of issuers and investors.

By enhancing our services through blockchain, crypto, and digital asset innovation, we hope to position the company to help lead the future of private market opportunities for companies raising capital, and direct investment opportunities for investors. Thank you again for your support, and we look forward to continuing to share our progress in the months ahead.

Our operator, we're ready for questions.

(Operator Instructions)

I'll now hand the conference back to Martin Kay, CEO, for closing remarks. Please go ahead.

Thank you. And once again, thanks to all who joined today. We appreciate your continued interest and support of Net Capital. Have a good day.

Thank you, everyone. This concludes today's event. You may disconnect at this time and have a wonderful day. Thank you for your participation.