Netcapital Inc. stock jumped on Friday, despite the company revealing a second compliance issue with Nasdaq. The stock remained under the exchange's $1 minimum bid level.
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| Metric | Value | YoY |
|---|---|---|
| Revenue | $0.461M | −47.0% |
| Operating loss | $9.295M | +11.7% |
| Net loss | $9.229M | −67.4% |
| Loss/share | $2.08 | preliminary |
The net loss is about 20× revenue and 2.3× current equity value.
The rally reflects trading demand, not a disclosed improvement in audited fundamentals. The central test is whether the company can complete its audit, meet both Nasdaq timetables and finance operations while the SEC case proceeds.
Netcapital Form 8-K · Nasdaq announcement · Form NT 10-K · Reuters SEC-case report
