Lendway posts FY 2023 loss from continuing ops; acquires Bloomia for $47.5M

BLOOMIA HOLDINGS, INC.

2025-Q1 EPS reported -$0.67 revenue$8,033,000

Acquired majority of Bloomia B.V. (tulip producer) for $47.5M: $9.2M cash, $22.8M debt, $15.5M promissory notes.
FY 2023 continuing ops operating loss $3.519M; income from discontinued ops $2.474M (incl. $3.044M gain on sale).
At Dec 31, 2023 cash $16.077M; substantially reduced post-Bloomia funding.
Lending business capital constrained; expects minimal revenue and operating losses for remainder 2024.
Bloomia preliminary net sales ~$45M (2023) and ~$43M (2022); integration in progress.

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 0.9

BLOOMIA HOLDINGS, INC. reported 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: reported results

Exact text from the filing

On April 1, 2024, Lendway, Inc. issued a press release announcing the Company’s fourth quarter and full year 2023 financial results.

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BLOOMIA HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001654954-24-004001

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