Safe Harbor Q3 2023 revenue rises 82% to $4.3M but net loss $748K; FY revenue guide $16-16.5M

SHF Holdings, Inc.

2023-Q3 EPS reported -$0.51 revenue$13,085,861

Q3 revenue $4.3M (+82% YoY); net loss $748K vs net income $1.06M in Q3 2022.
Nine-month revenue $13.1M (+122% YoY); net loss $19.8M includes $13.2M goodwill and $3.7M intangible impairments.
Loan book value $42.2M (+123% YoY); total deposits $1.08B (+28.7% YoY).
Full-year 2023 revenue guidance $16-16.5M (prior year $9.5M).
Adjusted EBITDA positive for third consecutive quarter at $1.05M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHF Holdings, Inc. updated its three- and nine-month results for the period ended September 30, 2023 guidance (raised).

Period: three- and nine-month results for the period ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS) , a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today its three- and nine-month results for the period ended September 30, 2023 (“Q3 2023”).

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Source: SEC EDGAR

accession 0001493152-23-041060

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