Netcapital (NCPL) Q2 2026 Earnings Call Transcript

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Tuesday, December 16, 2025 astatine 10 a.m. ET

• Chief Executive Officer — Rich Wheeless

• Chief Financial Officer — Coreen Kraysler

• Founder — Jason Frishman

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Coreen Kraysler: Thank you, Holly. Good morning, everyone, and convey you for joining Netcapital's Second Quarter Fiscal 2026 Financial Results Conference Call. I'm Coreen Kraysler, CFO of Netcapital Inc. I volition statesman by reviewing our fiscal results and past our Chief Executive Officer, Rich Wheeless, volition stock his prepared remarks earlier we unfastened the Q&A information of our call. Before we begin, I'd similar to punctual everyone of the harmless harbor disclosure regarding forward-looking information. Management's treatment whitethorn see forward-looking statements.

These statements subordinate to aboriginal events oregon aboriginal fiscal show and impact known and chartless risks, uncertainties and different factors that whitethorn origin existent results to beryllium materially antithetic from immoderate aboriginal results levels of activity, show oregon achievements expressed oregon implied by these forward-looking statements. Any forward-looking statements bespeak management's existent views with respect to operations, results of operations, maturation strategies, liquidity and aboriginal events. Netcapital assumes nary work to publically update oregon revise these forward-looking statements for immoderate crushed oregon to update the reasons existent results could disagree materially from those anticipated successful these forward-looking statements, adjacent if caller accusation becomes disposable successful the future.

With that said, I'd similar to present crook to our fiscal results for the 2nd 4th fiscal 2026. We reported revenues of astir $51,000 for the 3 months ended October 31, 2025, and arsenic compared to astir $170,000 during the 3 months ended October 31, 2024. The alteration successful revenues was chiefly attributed to a alteration successful portal fees during the quarter. I'll adhd that our revenues tin beryllium lumpy quarter-over-quarter, arsenic the timing of ample lawsuit backing events tin person an outsized interaction connected results. We reported an operating nonaccomplishment of astir $2.1 cardinal compared to an operating nonaccomplishment of astir $2.2 cardinal for the 2nd 4th of fiscal twelvemonth 2025.

We reported a nonaccomplishment per stock of $0.44 compared to a nonaccomplishment per stock of $2.34 for the 2nd 4th of fiscal twelvemonth 2025. As of October 31, 2025, the institution had currency and currency equivalents of astir $1.7 million. I'll present crook the telephone implicit to our CEO, Rich Wheeless.