Highest-materiality recent filing
Bloomia Q3 revenue up 16% to $14.4M but swings to $0.8M net loss; completes $12.1M rights offering
Revenue $14.4M vs $12.4M; gross margin fell to 19.8% from 31.3% on higher bulb costs, tariffs.
Bloom enters $1M promissory note at 11.5%, amends bridge loan discount prepay terms to May 27, 2026
Borrowed $1M from Gary Kohler at 11.5% (14.5% default), due March 31, 2029; proceeds used for initial bridge prepayment.
Bloomia raises ~$12.1M in rights offering; converts $7.1M debt, reduces leverage
Gross proceeds of ~$12.1M from rights offering: ~$5M cash, ~$7.1M debt conversion.
Bloomia Q2 revenue $6.7M, net loss $2.3M ($1.29/sh); rights offering expiry to March 27
Q2 net revenue $6.7M vs $6.2M prior year; gross profit $0.5M (7.2%) vs gross loss of $0.6M.
Lendway changes name to Bloomia Holdings; ticker to TULP effective Feb 2
Name change to Bloomia Holdings, Inc. effective January 28, 2026; trading under TULP starts Feb 2.
Lendway announces $15.5M rights offering; settle $12.75M bridge at $7.33M discount, rename Bloomia
Rights offering targets up to $15.5M gross proceeds; bridge loan prepayment at $7.33M discount (over 50% off $12.75M balance).
Lendway increases authorized common shares from 5.7M to 10M, effective Nov 19, 2025
Authorized shares raised to 10M from 5,714,285; board approved Sept 26, stockholders voted Nov 19.
Lendway Q3 net loss widens to $2.9M ($1.61/sh) on revenue of $5.2M, down 21% YoY
Net revenue $5.2M vs $6.6M YoY; gross loss of $0.06M (1.2% of sales) vs gross profit $1.4M.
Revolver limit temporarily increased from $6M to $10M through Apr 30, 2026; interest at term SOFR + 3%-4% margin; $6.1M outstanding as of Sep 18.
Lendway reports Q2 net income $1.0M ($0.58 EPS) vs year-ago loss of $0.5M
Net revenue $23.2M vs $16.9M YoY, driven by Easter timing and Mother's Day volume.
Lendway Q1 net income $0.4M ($0.25/shr); revenue $12.4M, up 55% YoY
Net income of $0.4M ($0.25/shr) vs net loss of $1.2M ($0.67 loss) in Q1 2024.
Lendway reports Q4 net loss of $2.9M, FY2024 loss of $5.7M; fiscal year changes to June 30
Q4 revenue $6.2M (all from Bloomia acquisition); gross loss $0.6M; operating loss $3.9M vs $0.5M loss in Q4 2023.
Lendway posts Q3 2024 net revenue of $6.6M from Bloomia; net loss $0.64/share
Q3 net revenue $6.6M from Bloomia (acquired Feb 2024); no comparable prior-year revenue.
Lendway amends credit agreement; revolver temporarily increased to $8M through March 2025
Revolver capacity temporarily raised from $6M to $8M until March 31, 2025, for peak season inventory purchases.
Lendway enters amended delayed draw term note with Air T for up to $3.5M at 8% interest
Total borrowing capacity increased to $3.5M; additional $1.0M available until August 15, 2026, not revolving.
Lendway reports Q2 rev $16.8M from Bloomia; net loss $0.7M; enters $2.5M note with Air T
Net revenue of $16.8M in Q2 vs $0 year ago; all from Bloomia acquisition closed Feb 2024.
Lendway stockholders elect all six director nominees at annual meeting
All six director nominees elected with votes for ranging from 209,925 to 255,561; 933,563 broker non-votes.
Lendway appoints Jundt and Philp as Co-CEOs; CEO Uglem resigns effective July 1
Appointed Mark R. Jundt and Daniel C. Philp as Co-CEOs effective July 1, 2024; each receives $100k base salary, no severance.
Q1 net loss from continuing ops $1.3M ($0.77/share) vs loss of $528K ($0.29) in Q1 2023.
Lendway files audited financials for acquired Bloomia; revenue $44.8M in FY2023
Lendway completed acquisition of Bloomia on Feb 22, 2024, obtaining 81.4% ownership interest.
Lendway appoints Elizabeth McShane as CFO effective May 20; Zack Weber resigns citing good reason
Elizabeth McShane appointed CFO, Treasurer and Secretary, effective May 20, 2024; base salary $225,000 plus quarterly cash incentive (target 35%, max 65%).
Lendway posts FY 2023 loss from continuing ops; acquires Bloomia for $47.5M
Acquired majority of Bloomia B.V. (tulip producer) for $47.5M: $9.2M cash, $22.8M debt, $15.5M promissory notes.
Lendway acquires Bloomia for ~$47.5M cash; becomes specialty ag & finance company
Lendway acquired 100% of Bloomia B.V. for approximately $47.5 million cash via subsidiary Tulp 24.1.
Lendway dismisses Baker Tilly as auditor, appoints Boulay PLLP
Baker Tilly's 2022 and 2021 audit reports contained no adverse opinion or qualification.
Lendway reports Q3 2023 loss; pivots to non-bank agricultural lending
G&A expenses of $1.56M, including $926K severance for former CEO.
Director Loren A. Unterseher resigns from Lendway board effective Sept 30, 2023
Loren A. Unterseher notified board of resignation on Sept 5, 2023, effective Sept 30.
Lendway board authorizes repurchase of up to 400,000 shares of common stock
Board approved repurchase of up to 400,000 shares on August 25, 2023.
Lendway sells in-store marketing business for $3.5M, appoints new CEO
Sold in-store advertising assets for $3.5M cash (subject to adjustment) to affiliate of Park Printing; transaction closed Aug 3.
Sold in-store advertising solutions business to TIMIBO LLC (Park Printing affiliate) for $3.5M cash, subject to escrow and adjustments.
Shareholders approved asset sale to Park Printing; close expected Aug 3, 2023.
CEO Kristine Glancy terminated without cause; employment ends August 31, 2023.
Insignia Systems to sell in-store marketing business to Park Printing affiliate for $3.5M cash
Asset sale price $3.5M cash, subject to post-closing adjustments; expected to close H2 2023.
Insignia Systems reports record Q1 revenue of $12.8M, net income $1.6M
Net sales jumped 108.7% to $12.8M from $6.1M YoY; display and on-pack revenue drove growth.
Insignia hires Randy Uglem as SVP of Lending to lead new non-bank lending platform
Randy Uglem appointed Senior Vice President of Lending, effective immediately.
Insignia Systems Q4 net loss narrows to $0.41/sh; full year net income boosted by $12M settlement
Q4 net sales $4.5M flat YoY; net loss $733K ($0.41/sh) vs $1.0M loss ($0.56) in Q4 2021.
Insignia Systems grants retention bonuses: $130K for Chief Growth Officer, $48K for VP Finance
Adam D. May eligible for $130,000 cash bonus if employed through earlier of termination without cause or Dec 31, 2023.
Insignia Systems expands board to 7, elects Mark Jundt and Daniel Philp as independent directors
Board size increased to 7 directors; Mark Jundt and Daniel Philp elected to fill vacancies.
Insignia Systems Q3 net income $11.8M vs $0.52 loss; sales up 39%
Q3 2022 net sales $4.87M, +39.4% YoY, driven by 101% growth in display and on-pack.
Q2 2022 net sales of $3.3M, down 46.6% from $6.1M in Q2 2021 due to non-repeated display programs.
Insignia Systems settles antitrust lawsuit with News America; receives $20M payment
Insignia and News America entered into a Confidential Settlement Agreement dated July 1, 2022.
Insignia Systems 2022 annual meeting elects all five directors, approves say-on-pay and auditor
All five director nominees elected: Jacob Berning, Kristine Glancy, Chad Johnson, Nicholas Swenson, Loren Unterseher (vote range 776k–795k for).
Insignia Q1 net income $62k vs loss; revenue +14% to $6.1M
Q1 net sales $6.1M, up 14% YoY; operating income $73k vs loss of $1.8M.
Insignia Systems Q4 net sales down 10.4% to $4.5M; full-year revenue up 11.6% but net loss $3.5M
Q4 net sales $4.5M (-10.4% YoY); net loss $1.0M ($0.56/share) vs net loss $0.96M in Q4 2020.
Insignia Systems announces formal review of strategic alternatives to maximize value
Board evaluating options including acquisition, merger, business combination, or other transaction.
Insignia Systems Q3 net sales down 21.2% to $3.5M; net loss $0.52 per share
Q3 net sales $3.5M, down 21.2% YoY from $4.4M; net loss $921k ($0.52/share) vs $886k loss.
Board expanded from 4 to 5 members; Nicholas J. Swenson appointed effective Oct 11, 2021.
Insignia Systems grants retention bonuses to CEO, COO, and CFO; Weber gets employment contract
Zackery A. Weber entered employment agreement as Sr. Director FP&A; base salary $145k/year through Sept 2024.
Net sales $6.1M, up 82% YoY; non-POPS revenue grew 182%, POPS declined 9%.
Insignia restates 2019-2020 financials due to sales tax errors; prelim Q2 2021 rev ~$6M
Non-reliance on audited FY2019/FY2020 and unaudited interim 2020/Q1 2021 statements due to sales tax misstatements.
On June 5, 2024, Randy D. Uglem, our current President and Chief Executive Officer, informed us of his intent to resign from all positions with the Company, effective July 1, 2024.
On June 11, 2024, the Board of Directors (the “Board”) of Lendway, Inc. (the “Company”) appointed Mark R. Jundt and Daniel C. Philp to serve as Co-Chief Executive Officers, effective as of July 1, 2024.
On June 11, 2024, the Board of Directors (the “Board”) of Lendway, Inc. (the “Company”) appointed Mark R. Jundt and Daniel C. Philp to serve as Co-Chief Executive Officers, effective as of July 1, 2024.
appointed Elizabeth E. McShane to serve as our Chief Financial Officer, Treasurer and Secretary, effective as of May 20, 2024.
Zackery A. Weber, our current Vice President of Finance and principal financial and accounting officer, informed us of his intent to resign from all positions with the Company, effective June 3, 2024, citing 'good reason.'
On September 5, 2023, Loren A. Unterseher notified the Board of Directors (the “Board”) of Lendway, Inc. (the “Company”) of his resignation from the Board effective as of September 30, 2023.
As previously reported, Ms. Glancy’s employment with the Company is expected to terminate effective August 31, 2023.
the Company’s board of directors appointed Randy D. Uglem, the Company’s Senior Vice President of Lending, to succeed Kristine A. Glancy as President and Chief Executive Officer, effective August 4, 2023.
On July 13, 2023, Insignia Systems, Inc. (the “Company”) determined to terminate the employment of Kristine A. Glancy, its current President and Chief Executive Officer, effective as of August 31, 2023
Adam D. May, our Chief Sales Officer, is expected to terminate his employment with the Company and become an employee of the Buyer as of the Closing.
On November 25, 2022, Insignia Systems, Inc. (the “Company”) increased the size of the Board of Directors (the “Board”) of the Company to a total of 7 directors and elected Mark Jundt and Daniel Philp to fill the vacancies created by the increase in the size of the Board, effective immediately.
On November 25, 2022, Insignia Systems, Inc. (the “Company”) increased the size of the Board of Directors (the “Board”) of the Company to a total of 7 directors and elected Mark Jundt and Daniel Philp to fill the vacancies created by the increase in the size of the Board, effective immediately.
Max materiality 0.90 · Median 0.65 · Most common event earnings