SWK Holdings Q3 GAAP net income $6.6M ($0.51/diluted share), revenue up 42% YoY; names new CEO and CFO

SWK Holdings Corp

2022-Q3 EPS reported $0.83 revenue$31,687,000

GAAP net income $6.6M ($0.51 per diluted share) vs $2.2M ($0.17) in Q3 2021, up 195%.
Total revenue $13.6M, up 42.4% YoY, driven by $5.0M milestone from Cara Therapeutics.
Finance receivables adjusted non-GAAP net income $6.0M, down 22.3% from $7.7M YoY.
Closed three new financings totaling $57.5M committed capital during the quarter.
Leadership transition: Jody Staggs named President and Interim CEO; Yvette Heinrichson named CFO.

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 0.98

SWK Holdings Corp reported the third quarter ended September 30, 2022 results: revenue $13.6 million, net income $6.6 million, or $0.51 per diluted share, EPS $0.51 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $13.6 million
Net income: $6.6 million, or $0.51 per diluted share
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

drive value creation for SWK, translating to solid returns for our shareholders.” Third Quarter 2022 Financial Results For the third quarter 2022, SWK reported total revenue of $13.6 million, a 42.4% increase compared to $9.6 million for the third quarter 2021. The $4.0 million increase in revenue was primarily due to $5.0 million of milestone revenue related to

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Source: SEC EDGAR

accession 0001552781-22-000630

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