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Financial Results | Lendway 2024 Full Year Revenue USD 37.77 Million Net Loss USD 6.68 Million
ByAinvest
Thursday, Mar 27, 2025 10:00 pm ET1min read
Lendway(LDWY) posted the Q4 of its 2024 financial results on 3/27/2025, reporting total revenue of USD 37.77 million for the year, reporting net loss of USD 6.68 million for the year, compare with the net income of USD 2.41 million in the same period last year. The EPS is USD -3.24 for the year, compare with USD 1.36 last period.
[Detailed Data]
| Million USD | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Total Revenue | 6.19 | 6.63 | 16.78 | 8.03 |
| Cost of Sales | 6.77 | 5.19 | 12.80 | 6.14 |
| Gross Profit | -0.58 | 1.44 | 3.98 | 1.89 |
| Total Operating Expenses | 4.29 | 3.59 | 5.06 | 3.61 |
| Operating Income | -4.87 | -2.15 | -1.08 | -1.72 |
| Net Income | -3.34 | -1.39 | -0.82 | -1.26 |
| Net Income Attributable to Common Shareholders | -2.94 | -1.13 | -0.75 | -1.04 |
| EPS(USD) | -1.661 | -0.64 | -0.42 | -0.73 |
[Company Profile]
Lendway, Inc. is a Delaware corporation. The Company has evolved into a specialty agricultural (“ag”) and finance company focused on making and managing its ag investments in the United States (“U.S.”) and internationally. The Company is the majority owner of Bloomia B.V. and its affiliated entities, representing a significant producer of fresh cut tulips (“stems”) in the U.S. The Company also fully owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and originate and fund new loans domestically.
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