Netcapital Inc. reported earnings results for the first quarter ended July 31, 2023. For the first quarter, the company reported sales was USD 1.52 million compared to USD 1.34 million a year ago. Net loss was USD 0.491655 million compared to net income of USD 0.064477 million a year ago.

Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.