MCAP Inc. Reports Third Quarter 2024 EPS of $0.04 Per Share

Rhea-AI Summary

MCAP Inc., a financial technology company, reported its Q3 2024 financial results. The company achieved earnings of $0.04 per share, with total revenue of $21.2 million, EBITDA of $1.2 million, and after-tax net income of $881 million. The company continues its growth strategy through investments in customer relationships, software development, securities execution platforms, and business line diversification. MCAP is also actively seeking M&A opportunities aligned with its core competencies to enhance shareholder value.

Positive

• Revenue reached $21.2 million in Q3 2024
• Positive EBITDA of $1.2 million
• Strong net income of $881 million
• Positive EPS of $0.04 per share

Negative

• None.

ORLANDO, Fla., Nov. 13, 2024 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology company, today reported third quarter 2024 earnings of $0.04 per share. Quarterly total revenue was $21.2mm, resulting in EBITDA of $1.2mm and after-tax net income of $881m.

MCAP continues to expand through its investment in customer relationships, application software development, securities execution platforms and diversification of business lines. The Company also seeks additional M&A opportunities that are aligned with the Company's core competencies while creating long-term shareholder value.

About MCAP Inc.

MCAP Inc. is a U.S. based public holding company owning subsidiaries and investments in various companies. The Company's principal focus is financial technology businesses that conduct business globally. The Company owns, develops, and invests in the electronic market making and execution sector, securities trading technologies, and alternative trading platforms.

Please visit our website: www.MCAPtech.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks, and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Earnings are adjusted non-GAAP. Readers are cautioned not to place undue reliance on forward-looking statements.

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SOURCE MCAP Inc.

FAQ

What was MCAP's earnings per share (EPS) for Q3 2024?

MCAP reported earnings of $0.04 per share for the third quarter of 2024.

What was MCAP's total revenue in Q3 2024?

MCAP's total revenue for Q3 2024 was $21.2 million.

What was MCAP's EBITDA in the third quarter of 2024?

MCAP reported an EBITDA of $1.2 million for Q3 2024.

What was MCAP's net income for Q3 2024?

MCAP achieved an after-tax net income of $881 million in Q3 2024.