Iris Energy, The9 among financial movers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 24 2024
0mins
Should l Buy NCPL?
- Gainers: Netcapital (NCPL) up by 37%, AGBA up by 23%, Tian Ruixiang (TIRX) up by 15%, Royalty Management (RMCO) up by 15%, Iris Energy (IREN) up by 13%.
- Losers: Solowin (SWIN) down by 23%, Binah Capital (BCG) down by 16%, Oxbridge Re (OXBR) down by 8%, BayFirst Financial (BAFN) down by 7%, The9 ADR (NCTY) down by 5%.
- S&P 500 Financials Sector: Increased by 0.5% to 689.75, with Banks up by 0.85% to 401.85, Financial Services up by 0.38% to 1171.37, and Insurance up by 0.47% to 725.42.
- More on Financial Select Sector SPDR ETF: Downgraded to Hold, focusing on CPI report, AI tech events, and major bank earnings.
- Other Highlights: Robinhood saw a significant weekly gain in financial stocks, Tudor Investment's top buys and sells in Q1, Seeking Alpha's Quant Rating on Financial Select Sector SPDR ETF.
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Analyst Views on NCPL
About NCPL
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. It provides private company investment access to accredited and non-accredited investors through its online portal (www.netcapital.com), which is operated by its wholly owned subsidiaries Netcapital Funding Portal, Inc. and its broker-deal subsidiary, Netcapital Securities Inc. In addition to access to the funding portal, it provides services, including a fully automated onboarding process; automated filing of required regulatory documents; compliance review; a custom-built offering page on its portal Website; third party transfer agent and custodial services; e-mail marketing to its list of investors; rolling closes, which provide potential access to liquidity before the final close date of an offering; assistance with annual filings, and direct access to its team for ongoing support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sales Growth: The company achieved quarterly sales of $343.071 million, exceeding the analyst consensus of $338.758 million, reflecting strong market demand and potential for sustained growth.
- Stock Price Surge: Following the earnings report, Penguin Solutions' shares rose 5.3% to $22.70 in pre-market trading, demonstrating a positive market reaction to its financial performance.
- Increased Market Confidence: The positive results not only bolster investor confidence but may also enhance the company's prospects for better terms in future financing and expansion plans.
See More
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- Acquisition Details: The acquisition includes Iverson Design's intellectual property portfolio, featuring a proprietary suite of AI-driven design, animation, and real-time rendering technologies, with Netcapital issuing 980,000 shares as consideration, thereby enhancing its technological capabilities.
- Strategic Shift: CEO Rich Wheeless stated that this acquisition supports the company's transition to tokenization and digital asset offerings, aiming to deliver an approachable and visually appealing tokenization experience in the market, reflecting a commitment to future growth.
- Potential Benefits: Post-acquisition, Netcapital plans to leverage AI-assisted design workflows to shorten turnaround times for motion graphics and investor materials, while also providing 3D visualization capabilities to showcase tokenized real-world assets, thereby improving the consistency and quality of investor-facing content across its ecosystem.
See More
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- Strategic Acquisition: Netcapital acquired all assets of Iverson Design for 980,000 shares of common stock, aiming to enhance its digital asset platform's user experience by integrating AI design capabilities, thereby strengthening its market competitiveness.
- Talent Acquisition: Michael Iverson, founder of Iverson Design, joins Netcapital as Chief Design Director, leveraging his expertise in AI design to drive innovation in the company's tokenization investment strategies.
- Technology Integration: This acquisition provides Netcapital with AI-driven design, animation, and real-time rendering technologies, expected to shorten turnaround times for investor materials while improving content quality and consistency.
- Market Opportunity: By simplifying the narrative around tokenization and digital asset concepts, Netcapital aims to make these ideas more accessible to everyday investors, thereby expanding its investment opportunities in the private market and driving long-term growth.
See More
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Earnings Report: Netcapital Inc. reported a loss of $2.13 million for the second quarter, translating to a loss of $0.44 per share, an improvement from a loss of $2.22 million or $2.34 per share in the same period last year.
Revenue Decline: The company's revenue decreased by 70.6%, falling to $0.05 million from $0.17 million in the previous year.
See More
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- Declining Financial Performance: For the second quarter ended October 31, 2025, total revenues were $51,076, a significant drop from $170,528 in the prior year, indicating reduced funding portal activity that may impact the company's future liquidity.
- Operating Loss Situation: The operating loss stood at $2,119,457, showing slight improvement from $2,202,431 a year ago, yet the ongoing losses highlight challenges in profitability that could affect investor confidence.
- Cash Flow Improvement: As of October 31, 2025, cash and cash equivalents reached $1,684,188, a substantial increase from $289,428 on April 30, 2025, demonstrating positive progress in liquidity management.
- Strategic Acquisition: The company completed an asset purchase of Rivetz Corp. on December 3, 2025, aimed at enhancing its ability to participate in the compliant blockchain digital asset market, which is expected to drive revenue diversification and strengthen market competitiveness going forward.
See More
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- Revenue Decline: Netcapital reported total revenues of $51,076 for Q2, down significantly from $170,528 in the prior year, reflecting reduced funding portal activity that may impact the company's future liquidity.
- Operating Loss: The company recorded an operating loss of $2,119,457, which, while an improvement from the previous year's loss of $2,202,431, indicates ongoing challenges in its business model that necessitate a faster transformation to achieve profitability.
- Asset Acquisition: On December 3, 2025, Netcapital completed an asset purchase of Rivetz Corp., enhancing its ability to participate in the compliant blockchain digital asset market, which is expected to drive future revenue diversification.
- CEO Strategic Update: Newly appointed CEO Rich Wheeless will host a business update conference call on December 16, 2025, aimed at communicating the company's strategic direction and growth potential to investors, thereby enhancing market confidence.
See More
