Fintech firm MCAP Q4 adjusted EPS rises 40% sequentially

Overview

• US financial technology firm's Q4 adjusted EPS rose 40% quarter-over-quarter to $0.13

• Quarterly EBITDA reached $4.7 mln, with full-year EBITDA at $21 mln

• Company continues investing in software, customer relationships, and business diversification

Outlook

• MCAP did not provide specific guidance for the current quarter or full year

Result Drivers

• INVESTMENT IN CUSTOMER RELATIONSHIPS - Co said continued investment in customer relationships contributed to expansion

• SOFTWARE AND PLATFORM DEVELOPMENT - Co cited ongoing development of application software and securities execution platforms as supporting growth

• BUSINESS DIVERSIFICATION - Co said diversification of business lines is part of its expansion strategy

Company press release: ID:nPn86wChya

Key Details

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