earnings
confidence high
sentiment positive
materiality 0.70
Safe Harbor Q3 net income turns positive at $353K; loan income up 48% YoY
SHF Holdings, Inc.
2024-Q3 EPS reported
$0.06
revenue$11,570,964
- Net income $0.35M vs loss $0.7M YoY; revenue $3.5M down 19% from $4.3M.
- Loan interest income up 48% to $1.3M; nine-month loan income up 143.5%.
- Operating expenses down 13% to $3.3M; adjusted EBITDA down 27.4% to $0.76M.
- Subsequent to Q3: originated $1.07M secured credit facility (first tranche of $5M commitment).
- Cash $5.9M at Sept 30, 2024 vs $4.9M at Dec 31, 2023.