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SHF Holdings (SHFS)
NASDAQ:SHFS
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 30, 2023
|% Change Since: 30.56%
|Next Earnings Date:Nov 14, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted substantial growth in net income and loan interest income, alongside decreased operating expenses and strategic partnerships. However, these positives were offset by significant declines in overall revenue, deposit and onboarding revenue, and investment income, largely due to challenging market conditions. Despite improvements in certain financial metrics, the overall sentiment is balanced due to the mixed results.Company Guidance
During Safe Harbor Financial's Q3 2024 earnings call, the company reported several key financial metrics, showcasing a significant turnaround. Net income increased by 147% year-over-year to $354,000, reversing a net loss of $748,000 from the previous year. Loan interest income saw substantial growth, rising by 48% for the quarter and 143.5% over the nine months, while operating expenses decreased by 13% and 66% for the respective periods. Despite a 19.6% drop in quarterly revenue to $3.5 million and a 26% decline in deposit activity revenue, Safe Harbor managed to enhance its cash flow and liquidity, ending the quarter with $5.9 million in cash and cash equivalents. The company remains focused on leveraging market growth opportunities, particularly in the expanding cannabis sector, while navigating challenges like decreased deposit activity and regulatory uncertainties. Looking forward, Safe Harbor anticipates full-year 2024 revenue to be in the range of $15 million to $15.5 million.Significant Increase in Net Income
Net income increased 147% year-over-year to $354,000 compared to a net loss of $748,000 for the year ago period.
Growth in Loan Interest Income
Loan interest income increased 48% in the third quarter and 143.5% for the 9 months year-over-year.
Decreased Operating Expenses
Third quarter and 9 months 2024 operating expenses decreased by 13% and 66% year-over-year, respectively.
New Credit Facility for Cannabis Operator
Originated a new $1.07 million secured credit facility for a Missouri-based cannabis operator, part of a $5 million commitment.
Partnership with BIPOCann
New partnership with BIPOCann to aid social equity and minority entrepreneurs in the cannabis sector, offering benefits and discounts.
Cash Flow Improvement
Cash provided by operating activities through the third quarter of 2024 was $3.2 million compared to cash used in operating activities of $225,000 in the comparable prior year period.
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SHFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SHFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.36 | $0.36 | 0.00% |
| Aug 14, 2024 | $0.62 | $0.63 | +1.61% |
| May 13, 2024 | $0.79 | $0.77 | -2.53% |
| Apr 01, 2024 | $0.97 | $0.94 | -3.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SHF Holdings (SHFS) report earnings?
SHF Holdings (SHFS) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is SHF Holdings (SHFS) earnings time?
SHF Holdings (SHFS) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHFS EPS forecast?
Currently, no data Available
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