MCAP Inc. Reports First Quarter 2024 EPS of $0.01 Per Share

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May 16, 2024, 16:15 ET

ORLANDO, Fla., May 16, 2024 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology company, today reported first quarter 2024 earnings of $0.01 per share. Quarterly total revenue was $25mm, resulting in quarterly EBITDA of $329m and after-tax net income of $203m.

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.

SOURCE MCAP Inc.