Safe Harbor Financial reports record 2023 revenue $17.6M (+85% YoY); net loss narrows to $17.3M

SHF Holdings, Inc.

2024-Q1 EPS reported $0.04 revenue$4,050,799

Annual revenue $17.6M, up 85.3% YoY; Loan Book Value $55.6M, up 194.2%.
Adjusted EBITDA $3.6M, up 176.9% from $1.3M in 2022.
Q4 2023 net income $2.5M vs net loss $37.0M in Q4 2022; revenue $4.5M, up 25%.
Full-year net loss $17.3M vs $35.1M loss in 2022, driven by goodwill and impairment charges.
Terminated agreement with Central Bank in H2 2023, causing material deposit account loss; subsequent $9M and $4.6M loans.

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 0.8

SHF Holdings, Inc. reported preliminary financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: preliminary results

Exact text from the filing

On April 1, 2024, SHF Holdings, Inc. (the “Company”) issued a press release announcing its preliminary earnings and other financial results for its fourth quarter and full year ended December 31, 2023

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SHF Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-012351

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