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Stock impact report

Lendway, Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

Lendway, Inc. (LDWY) 
Company Research Source: Yahoo! Finance
Overview Third quarter fiscal year 2024 Net revenue was $6.6 million. Gross profit was $1.4 million, or 21.7% of sales. Operating loss of $1.4 million compared to an operating loss of $1.6 million in Q3 2023. Net loss from continuing operations was $1.5 million compared to a loss of $1.5 million in Q3 2023. Net loss attributable to Lendway was $1.1 million, or a loss of $0.64 per basic and diluted share, compared to net income of $1.1 million, or $0.63 per basic and diluted share in Q3 2023. Adjusted EBITDA was a loss of $0.6 million compared to a loss of $1.6 million in Q3 2023. At September 30, 2024, cash and cash equivalents were $1.3 million and working capital was $11.5 million. Cash used in operations was $7.5 million compared to a cash generation of $2.4 million in Q3 2023. First nine months fiscal year 2024 Net revenue was $31.6 million. Gross profit was $7.1 million, or 22.5% of sales. Operating loss of $2.8 million compared to $3.0 million in Q3 20 Show less Read more
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