Exicure receives Nasdaq delinquency notice on late Form 10-Q filing
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Yahoo
27 minutes ago
- Yahoo
Netcapital Inc (NCPL) Q4 2025 Earnings Call Highlights: Strategic Shifts Amid Revenue Challenges
Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Netcapital Inc (NASDAQ:NCPL) has transitioned its business strategy to focus on building a more scalable foundation for future growth. The company received a broker-dealer license for its subsidiary, Net Capital Securities, positioning it to serve a broader base of issuers and investors. Netcapital Inc (NASDAQ:NCPL) successfully facilitated significant fundraising efforts for its clients, such as Magfast raising over $10 million. The company is exploring the integration of blockchain and digital assets with traditional finance, which could open new opportunities. Netcapital Inc (NASDAQ:NCPL) remains committed to its mission of democratizing access to private capital markets, focusing on long-term value creation. Negative Points Netcapital Inc (NASDAQ:NCPL) reported a significant decline in revenues from $4.9 million in fiscal 2024 to $869,460 in fiscal 2025. The company experienced an operating loss of approximately $8.3 million for fiscal 2025, compared to $3.4 million in fiscal 2024. Netcapital Inc (NASDAQ:NCPL) wrote off several investments, resulting in an impairment expense of approximately $19.9 million. The net loss for fiscal 2025 was approximately $28.3 million, a substantial increase from the $4.9 million loss in fiscal 2024. High general and administrative expenses, particularly legal costs, are a concern for the company's sustainability as a public entity. Q & A Highlights Warning! GuruFocus has detected 3 Warning Signs with NCPL. Q: Could you shed light on your transition and what you're looking forward to doing in the future? A: Martin Kay, CEO: We are broadening our platform to help companies raise capital, particularly through Reg A capital raisings, which are typically larger. We secured a broker-dealer license for our subsidiary, Net Capital Securities, to facilitate this. Additionally, we are exploring the integration of blockchain, digital assets, and crypto with traditional finance, despite the regulatory environment being in flux. Q: Was the consulting business the major cost of running the company, contributing to the large loss this year? Also, could you elaborate on your plans with crypto? A: Martin Kay, CEO: The consulting business was not as scalable and often involved being paid in equity, which is hard to value. We are focusing on more scalable, cash-generating products and services. Regarding crypto, we are evaluating opportunities for long-term value creation and are interested in integrating blockchain into our capital formation process. Q: Are you evaluating different strategies with current trends other companies are adopting? A: Martin Kay, CEO: Our long-term mission remains to democratize access to capital in private markets. We are expanding across Reg A and exploring ways to integrate blockchain, digital assets, and crypto with our traditional fintech approach. Q: The current business model seems unsustainable. Is a strategic pivot needed? A: Martin Kay, CEO: We believe there is a path to sustainability and value creation. Incorporating blockchain is an extension of our strategy, not a pivot. We are committed to our long-term mission and are exploring ways to improve liquidity in secondary markets. Q: Why are your G&A expenses so high for a small company? Are you considering going private? A: Martin Kay, CEO: Our legal expenses are high due to the regulatory environment in the fintech space. We are not considering going private; we believe the benefits of being a public company outweigh the costs, and some of our initiatives will benefit from public exposure. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Stardust Power Advances Lithium Refinery Plans and Raises $4.5 Million in Q2
Stardust Power Inc. (Nasdaq: SDST) reported progress on its Oklahoma lithium refinery project in Q2 2025, securing $4.52 million from a public offering, advancing engineering studies, and forging a research partnership with Ohio University. During the quarter ended June 30, 2025, Stardust Power closed a $4.52 million underwritten public offering, completed major steps in its FEL-3 definitive engineering study, and partnered with Ohio University to accelerate lithium extraction and refining technology development. The FEL-3 study is now under third-party validation and internal review, a key milestone toward a Final Investment Decision for the company's proposed 50,000 metric ton per annum battery-grade lithium refinery in Muskogee, Oklahoma. Context The U.S. lithium supply chain remains constrained, with most refining capacity located abroad. Policy incentives and demand growth from the EV sector are driving domestic investment in lithium production. Stardust Power's strategy focuses on processing lithium from brine sources, offering a potentially lower-cost and sustainable route to battery-grade material. The partnership with Ohio University aims to bolster research capabilities and enhance processing efficiency—both critical in a market where technological and environmental considerations shape project viability. Financial Performance: Net loss: $3.7M (Q2 2025) vs. $2.7M (Q2 2024) Loss per share: $(0.06) vs. $(0.07) year-over-year Cash and equivalents: $2.6M as of June 30, 2025 Debt: None Operating cash outflow: $4.5M in H1 2025, reflecting higher investments, staffing, and administrative costs Investing cash outflow: $2.2M, largely for initial refinery capital expenditures Financing inflow: $8.4M, primarily from equity raises and warrant inducements, partially offset by loan repayments CEO Roshan Pujari said the company is 'well positioned' to meet the growing need for U.S.-based lithium refining, citing favorable policy trends and early signs of recovery in lithium markets. Read this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
an hour ago
- Bloomberg
FTSE 100 Live: UK Economy Grew More Than Expected in the Second Quarter
Real GDP per capita grew by 0.2% in the second quarter, up 0.7% compared with the same quarter a year ago. That's a better start to the year after it fell in the second half of 2024.
