Key milestones embody acquisition of Iverson Design and signing PureWave Hydrogen as first tokenization clientManagement to host enterprise replace convention name tomorrow at 10:00 am ET
BOSTON, MA, March 19, 2026 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW, Netcapital) (the “Company”), a digital personal capital markets ecosystem, as we speak introduced monetary outcomes and offered company highlights for the third quarter of fiscal 2026 ended January 31, 2026. As well as, administration plans to host a enterprise replace convention name tomorrow, March 20, 2026, at 10:00 a.m. ET.
“We completed several key transactions in fiscal Q3 2026,” mentioned Wealthy Wheeless, Netcapital’s Chief Government Officer.
“We partnered with Silicon Prairie Holdings Inc., which provides critical regulatory infrastructure in support of secondary trading of securities previously sold under various exemptions.We acquired Iverson Design, contributing proprietary AI-powered design and visualization technologies and marking an important step in our transformation into a tokenization and digital asset platform. In conjunction with this transaction, Michael Iverson came on board as Chief Design Director and Head of AI Experience, adding in-house capabilities spanning motion graphics, 3D visualization, real-time rendering, and investor presentation design.In addition, PureWave Hydrogen became our first tokenization client, expanding our potential revenue streams into real-world asset tokenization.”
“We believe the strength of our platform and these and other investments position us for renewed growth, and to that end, I’m pleased to report fiscal Q3 2026 revenues increased from fiscal Q2 2026. We also gained traction at our broker-dealer, which signed four new clients during the quarter. With the business carrying gross margins consistently above 90% and highly scalable infrastructure in place, I’m laser-focused on driving increasing and new revenue streams with the goal of improving our bottom-line results in the coming quarters,” added Wheeless.
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Third Quarter Fiscal 2026 Monetary Highlights:
Whole revenues have been $94,347 in comparison with $152,682 within the prior-year quarter, primarily reflecting decrease funding portal exercise.Working loss was $2,174,335, in comparison with an working lack of $1,687,692 within the yr in the past interval.Internet loss was ($0.32) per fundamental and diluted share, in comparison with a web lack of ($1.57) per fundamental and diluted share within the yr in the past interval.Money and money equivalents at January 31, 2026 of $715,443, up from $289,428 at April 30, 2025.
Convention Name Data
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The Firm will host an investor convention name on March 20, 2026, at 10:00 a.m. ET.Participant entry: 844-985-2012 or 973-528-0138Conference entry code: 430260
For extra disclosure relating to Netcapital’s working outcomes, please check with the Quarterly Report on Type 10-Q for the three-month interval ended January 31, 2026, which has been filed with the Securities and Alternate Fee.
About Netcapital Inc.
Netcapital Inc. is a fintech firm with a scalable know-how platform that enables personal corporations to boost capital on-line and supplies personal fairness funding alternatives to buyers. The Firm’s funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Alternate Fee (SEC) and is a member of the Monetary Business Regulatory Authority (FINRA), a registered nationwide securities affiliation. The Firm’s broker-dealer, Netcapital Securities Inc., can also be registered with the SEC and is a member of FINRA.
Ahead Trying Statements
The knowledge contained herein contains forward-looking statements. These statements relate to future occasions or to our future monetary efficiency, and contain recognized and unknown dangers, uncertainties and different components that will trigger our precise outcomes to be materially totally different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these forward-looking statements. You shouldn’t place undue reliance on forward-looking statements since they contain recognized and unknown dangers, uncertainties and different components that are, in some circumstances, past our management and which may, and sure will, materially have an effect on precise outcomes, ranges of exercise, efficiency or achievements. Any forward-looking assertion displays our present views with respect to future occasions and is topic to those and different dangers, uncertainties and assumptions referring to our operations, outcomes of operations, progress technique and liquidity. We assume no obligation to publicly replace or revise these forward-looking statements for any purpose, or to replace the explanations precise outcomes may differ materially from these anticipated in these forward-looking statements, even when new info turns into accessible sooner or later.
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NETCAPITAL INC.CONDENSED CONSOLIDATED BALANCE SHEETS
January 31, 2026(Unaudited) April 30, 2025(Audited) Property: Money and money equivalents $715,443 $289,428 Accounts receivable, web 1,231 78,649 Different receivables 11,671 – Pay as you go bills 313,576 31,535 Whole present property 1,041,921 399,612 Deposits 6,300 6,300 Notes receivable – associated events 50,000 50,000 Bought know-how, web 19,151,139 14,697,529 Fairness securities at honest worth 5,810,495 5,748,050 Whole property $26,059,855 $20,901,491 Liabilities and Stockholders’ Fairness Present liabilities: Accounts payable $1,667,240 $2,941,108 Accrued bills 262,271 269,971 Deferred income 270 330 Curiosity payable 107,302 100,797 Quick-term promissory notes – 263,437 Present portion of SBA loans 1,893,357 1,885,800 Mortgage payable – financial institution 34,324 34,324 Whole present liabilities 3,964,764 5,495,767 Lengthy-term liabilities: Lengthy-term SBA loans, much less present portion 492,443 500,000 Whole liabilities 4,457,207 5,995,767 Commitments and contingencies – – Stockholders’ fairness: Most popular inventory, $0.001 par worth, 10,000,000 shares licensed, 0 shares excellent – – Widespread inventory, $.001 par worth; 900,000,000 shares licensed, 6,847,899 and a pair of,192,226 shares issued and excellent 6,848 2,192 Shares to be issued – 200,000 Capital in extra of par worth 57,001,947 42,525,294 Retained earnings (deficit) (35,406,147) (27,821,762)Whole stockholders’ fairness 21,602,648 14,905,724 Whole liabilities and stockholders’ fairness $26,059,855 $20,901,491
NETCAPITAL INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)
Three Months Ended Three Months Ended 9 Months Ended 9 Months Ended January 31, 2026 January 31, 2025 January 31, 2026 January 31, 2025 Income $94,347 $152,682 $335,481 $465,437 Price of income 1,823 7,155 11,109 37,156 Gross revenue 92,524 145,527 324,372 428,281 Prices and bills: Consulting expense 268,032 63,555 428,718 240,581 Advertising and marketing 4,984 12,887 14,839 31,993 Hire 21,300 20,178 65,452 58,736 Payroll and payroll associated bills 1,097,998 815,024 3,747,881 2,701,318 Common and administrative prices 874,545 921,575 3,646,922 3,794,013 Whole prices and bills 2,266,859 1,833,219 7,903,812 6,826,641 Working loss (2,174,335) (1,687,692) (7,579,440) (6,398,360) Different revenue (expense): Curiosity expense (24,076) (10,376) (72,347) (30,441)Curiosity revenue 630 400 11,671 1,200 Impairment expense – (1,300,000) – (1,300,000)Loss on debt conversion (10,815) – (10,815) – Amortization of intangible property (54,298) (8,869) (72,036) (26,607)Unrealized loss on fairness securities, web (49,950) – (5,005) – Insurance coverage restoration 500,000 – 500,000 – Accretion of short-term notes – – (356,413) – Whole different revenue (expense) 361,491 (1,318,845) (4,945) (1,355,848)Internet loss earlier than taxes (1,812,844) (3,006,537) (7,584,385) (7,754,208)Earnings tax expense (profit) – – – – Internet loss $(1,812,844) $(3,006,537) $(7,584,385) $(7,754,208) Fundamental loss per share $(0.32) $(1.57) $(1.71) $(6.93)Diluted loss per share $(0.32) $(1.57) $(1.71) $(6.93) Weighted common variety of widespread shares excellent: Fundamental 5,612,356 1,915,367 4,432,039 1,119,479 Diluted 5,612,356 1,915,367 4,432,039 1,119,479
