Netcapital Inc. reported earnings results for the first quarter ended July 31, 2022. For the first quarter, the company reported sales was USD 1.34 million compared to USD 0.625187 million a year ago. Net income was USD 0.064477 million compared to USD 1.46 million a year ago.

Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.65 a year ago.