SWK Holdings Q2 GAAP net income $3.9M ($0.31/diluted), revenue $9.5M, up 36.8% YoY

SWK Holdings Corp

2023-Q2 EPS reported $0.67 revenue$18,908,000

GAAP net income $3.9M ($0.31 diluted EPS), up 596% from $0.6M ($0.04) in Q2 2022.
Revenue rose 36.8% to $9.5M, driven by higher interest and fees from new loans and rate increases.
Finance receivables segment adjusted non-GAAP net income $7.6M, up 64.3% vs Q2 2022; gross receivables $234.1M (+34% YoY).
Closed $45M credit facility with First Horizon Bank; YTD repurchased 327,241 shares for $5.6M at $16.96 avg.
Enteris booked $2.0M CDMO projects with $9.0M proposals outstanding; expects revenue growth in 2H23.

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 0.99

SWK Holdings Corp reported Second Quarter 2023 results: revenue 9.5 million, net income 3.9 million, EPS 0.31.

Period: Second Quarter 2023
Revenue: 9.5 million
Net income: 3.9 million
EPS: 0.31
Result: reported results

Exact text from the filing

business line, and working with the team at Enteris to maximize value.” Second Quarter 2023 Financial Results For the second quarter 2023, SWK reported total revenue of $9.5 million, a 36.8% increase compared to $6.9 million for the second quarter 2022. The $2.5 million increase in Finance Receivables segment revenue was primarily due to $2.5 million

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Source: SEC EDGAR

accession 0001552781-23-000354

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