MCAP Inc. Reports First Quarter 2023 EPS of $0.10 Per Share

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May 09, 2023, 16:01 ET

ORLANDO, Fla., May 9, 2023 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), an electronic securities market maker and financial technology company, today reported first quarter 2023 net earnings of $0.10 per share. Quarterly revenue was $34.5mm, resulting in quarterly after-tax net income was $2.34mm with EBITDA of $2.43mm.

MCAP continues to expand through its investment in customer relationships, application software development, 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 publicly traded corporation with three wholly owned subsidiaries: MCAP Technologies LLC, MBIT LLC, and MCAP LLC. MCAP Technologies LLC is a financial technology company that develops application software for securities trading and data services utilized in various financial markets. MBIT LLC is a digital asset company focused on blockchain integration in the global financial markets. MCAP LLC is a SEC-registered and FINRA Member Broker Dealer focused on electronic securities market making.

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. Readers are cautioned not to place undue reliance on forward-looking statements.

SOURCE MCAP Inc.