Safe Harbor Q2 revenue up 147% to $4.6M; net loss of $17.6M on $16.9M impairments

SHF Holdings, Inc.

2023-Q2 EPS reported -$0.55 revenue$8,752,887

Revenue $4.6M vs $1.9M in Q2 2022; total deposits $1.1B, up 36% YoY.
Net loss $17.6M vs net income $336K, driven by $13.2M goodwill impairment and $3.7M intangible impairment.
Adjusted EBITDA positive for 2nd consecutive quarter at $850K; FY 2023 revenue guidance raised to $15.3-16.3M.
Loan book grew to $35.9M (up 94% YoY); closed $15M in cannabis real estate loans during the quarter.
Debt resolution: $68.6M obligations settled, including $64.7M PCCU payable resolved with $14.5M debt and 11.2M shares.

item 2.02 item 9.01

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 June 30, 2023 results: revenue $4.6 million.

Period: the quarter ended June 30, 2023
Revenue: $4.6 million
Result: reported results

Exact text from the filing

. Cautionary Statement Regarding --- EX-99.2 () --- EX-99.2 3 ex99-2.htm Exhibit 99.2 Safe Harbor Financial Announces Second Quarter 2023 Results Revenue of $4.6 million Second consecutive quarter of more than $1.1 billion in processed deposits; monthly average Balances on Deposit increased 60% versus the same period last year Closed over $15

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SHF Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-028450

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