The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Michael Mathison - Singular Research - Analyst
: Thank you, and thanks for having me. Good quarter, a lot of interesting news. My question really looks at your revenue forecast going forward. Last
year, you averaged 55% year-over-year growth. You had four straight quarters of sequential growth. This quarter, you had around 13%, I believe,
year-over-year. Should we be looking at that as kind of the new normal, a growth rate that's kind of that magnitude going forward?
Question: Michael Mathison - Singular Research - Analyst
: All right. So, speaking of kind of what's going on the portal, you're very near to launching secondary trading. Congratulations on that.
Question: Michael Mathison - Singular Research - Analyst
: Any forecast of when you'll be live and what that will mean for revenues?
Question: Michael Mathison - Singular Research - Analyst
: Well, good. Thank you for taking my questions.
Question: Michael Mathison - Singular Research - Analyst
: Thank you for permitting one more question. I just wanted to ask you about cash flow. You were in negative operating cash flow last quarter. Can
we expect that for the coming quarters, and how would that be financed?
Question: Michael Mathison - Singular Research - Analyst
: Okay, good. I just wanted to confirm that expectation. Thank you.
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SEPTEMBER 15, 2023 / 2:00PM, NCPL.OQ - Q1 2024 Netcapital Inc Earnings Call
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