SHF Holdings reports preliminary FY2022 revenue up 34% to $9.4M, net loss $35.1M; settles $64.7M debt

SHF Holdings, Inc.

Revenue $9.4M (+34% YoY); active accounts 1,040 (+82% vs 572 in 2021).
Net loss $35.1M vs net income $3.2M in 2021, driven by loss on financial instruments from business combination.
Q4 net loss $37.0M vs income $718K; operating expense $7.4M vs $1.0M.
Agreement to settle $64.7M payable to Partner Colorado Credit Union with $14.5M note and 11.2M shares.
Originated $15.8M in loans in 2022 vs $4.3M in 2021.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHF Holdings, Inc. reported the quarter ended December 31, 2022 results: revenue $3.6 million, net income $37.0 million.

Period: the quarter ended December 31, 2022
Revenue: $3.6 million
Net income: $37.0 million
Result: preliminary results

Exact text from the filing

For the quarter ended December 31, 2022, total revenue increased to $3.6 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHF Holdings, Inc. reported full year ended December 31, 2022 results: revenue $9.4 million, net income $35.1 million.

Period: full year ended December 31, 2022
Revenue: $9.4 million
Net income: $35.1 million
Result: preliminary results

Exact text from the filing

() --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Safe Harbor Financial Announces Preliminary Fourth Quarter and Full Year 2022 Financial Results - Full year revenue increased 34% to $9.4 million, number of active accounts increased 82% to 1040 compared to 2021 - - Recent agreement to resolve $64.7 million in payment obligations significantly strengthens balance sheet,

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SHF Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-009734

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