Lendway reports Q2 rev $16.8M from Bloomia; net loss $0.7M; enters $2.5M note with Air T

BLOOMIA HOLDINGS, INC.

2024-Q2 EPS reported -$1.01 revenue$24,813,000

Net revenue of $16.8M in Q2 vs $0 year ago; all from Bloomia acquisition closed Feb 2024.
Net loss attributable to Lendway was $0.7M ($0.42 loss/share) vs $0.04M loss ($0.02 loss) in Q2 2023.
Adjusted EBITDA of $1.8M compared to negative $0.5M in Q2 2023; cash from ops $3.5M.
Entered unsecured delayed draw term note with Air T, Inc. for up to $2.5M, 8% fixed, maturing Aug 2029; related party.
Guidance: expects losses in H2 2024 due to seasonality and one-time costs; full-year loss anticipated.

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