Netcapital Inc. reported Q3 FY2025 financial results with revenues declining 85% YoY to $152,682, compared to $1.04M in Q3 FY2024. The decrease was primarily due to the absence of consulting service revenue for equity securities. Gross profit for the quarter was $145,527, down from $983,918 in the prior year period.Operating expenses decreased to $1.83M from $2.19M YoY, reflecting cost reduction efforts including lower marketing and consulting expenses. However, the company recorded a $1.3M impairment charge related to NetWire LLC investment write-off. Net loss for the quarter widened to $3.01M compared to $2.23M in Q3 FY2024.The company's cash position declined to $614,304 as of January 31, 2025, with negative working capital of $3.76M. Management noted substantial doubt about the company's ability to continue as a going concern, though recent developments include FINRA approval for its broker-dealer subsidiary and completion of various warrant exercises generating additional capital. The company continues to focus on developing its funding portal business while implementing cost reduction measures.

Netcapital Inc. reported Q3 FY2025 financial results with revenues declining 85% YoY to $152,682, compared to $1.04M in Q3 FY2024. The decrease was primarily due to the absence of consulting service revenue for equity securities. Gross profit for the quarter was $145,527, down from $983,918 in the prior year period.Operating expenses decreased to $1.83M from $2.19M YoY, reflecting cost reduction efforts including lower marketing and consulting expenses. However, the company recorded a $1.3M impairment charge related to NetWire LLC investment write-off. Net loss for the quarter widened to $3.01M compared to $2.23M in Q3 FY2024.The company's cash position declined to $614,304 as of January 31, 2025, with negative working capital of $3.76M. Management noted substantial doubt about the company's ability to continue as a going concern, though recent developments include FINRA approval for its broker-dealer subsidiary and completion of various warrant exercises generating additional capital. The company continues to focus on developing its funding portal business while implementing cost reduction measures.