MCAP Inc. Reports 15% YoY Second Quarter Revenue Increase

MCAP Inc. (OTCMKTS:MCAP)

ORLANDO, FLORIDA, UNITED STATES, August 4, 2022 /EINPresswire.com/ -- MCAP Inc. (OTC: MCAP), a financial technology and electronic securities market maker today reported second quarter 2022 net earnings of $0.10 per share. Quarterly revenue was $20.2mm, a 15% YoY increase compared to 2nd quarter 2021. Resulting quarterly after-tax net income was $2.3mm with EBITDA of $2.7mm.

MCAP continues to expand through its investment in customer relationships, software development, and strong strategic partnerships. The company also seeks 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 US 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 securities trading software and provides data services utilized in various financial markets. MBIT LLC is a digital asset company focused on crypto-currency and Blockchain. 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. Investor Relations- info@MCAPtech.com

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