How did NCPL's revenue and expenses shift in Q1 2025 compared to previous quarters?

Netcapital (NCPL) experienced a significant increase in total expenses from the previous quarter, with $1.81 million in Q1 2025, compared to $1.84 million in Q2 2022, and $1.52 million in Q3 2023. However, the total revenue remained relatively stable at $1.85 million in Q1 2025, which was slightly higher than the previous quarter's revenue of $1.84 million. This indicates a potential strain on profitability as the company continues to invest more in expenses.

NCPL Revenue and Expense in Q1 2025, Q4 2024, Q3 2023, Q2 2022, Q1 2022
|code|Ticker|Name|Last Price|Last Change|Report End Date|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|---|---|---|
|NCPL|NCPL.O|Netcapital|1.85|0|20220131|2022 Q1|1811041||186|
|NCPL|NCPL.O|Netcapital|1.85|0|20220131|2022 Q2|1844785|0|186|
|NCPL|NCPL.O|Netcapital|1.85|0|20220131|2023 Q3|1519809||186|
|NCPL|NCPL.O|Netcapital|1.85|0|20220131|2024 Q4|170528||186|
|NCPL|NCPL.O|Netcapital|1.85|0|20220131|2025 Q1|152682||186|