SWK Holdings Q3 GAAP net income $4.5M ($0.36/diluted), down 32% YoY

SWK Holdings Corp

2023-Q3 EPS reported $1.02 revenue$27,870,000

GAAP net income $4.5M ($0.36 diluted EPS) vs $6.6M ($0.51) in Q3 2022; revenue $9.0M, down 34.2% YoY.
Finance receivables segment adjusted non-GAAP net income $5.8M, down 3.2% YoY; gross finance receivables $234.9M, up 10.3% YoY.
Closed $33M senior notes offering and upsized credit facility to $60M post-quarter end.
Repurchased 60,335 shares for $1.0M in Q3; year-to-date 361,593 shares for $6.1M.
Non-accrual loans $26.5M including Trio Healthcare $9.1M placed on non-accrual during quarter.

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 0.95

SWK Holdings Corp reported third quarter 2023 results: revenue $9.0 million, net income $4.5 million, EPS $0.36 per diluted share.

Period: third quarter 2023
Revenue: $9.0 million
Net income: $4.5 million
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

For the third quarter 2023, SWK reported total revenue of $9.0 million, a 34.2% decrease compared to $13.6 million for the third quarter 2022.

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Source: SEC EDGAR

accession 0001552781-23-000441

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