Mar. 21 at 11:35 AM
$SWKH SWK Holdings reports Q4 EPS 23c vs. 22c last year
Report revenue
$9.9M vs.
$9.8M last year. "The fourth quarter concluded a productive 2023 for SWK which we believe sets the stage for improved financial returns in 2024. During the quarter we improved our balance sheet through the issuance of
$33.0 million of senior unsecured notes and a
$15.0 million upsizing of our credit facility, we closed four transactions, ending the year with an all-time high gross finance receivables balance of
$288.4 million, and the core finance portfolio generated a 14.0% effective yield. In March we signed an Exclusive Option and Asset Purchase agreement with a strategic partner granting the partner a two-year exclusive option to purchase certain Enteris tangible assets for
$6 million. In consideration for the grant of the Option, the strategic partner agreed to pay Enteris a low-single digit million dollar option fee with the first portion payable upon execution of the agreement....
