Mill City Ventures III Bolsa (NASDAQ: MCVT)

Últimas noticias sobre Mill City Ventures III (NASDAQ:MCVT) Bolsa

Mill City Ventures III

Mill City Ventures III Ltd is a non-bank lender and specialty finance company. The company is engaged in the business of providing short-term specialty finance solutions to private businesses, micro-and small-cap public companies, and high-net-worth individuals. The principal specialty finance solutions that the group provides are high-interest short-term lending arrangements. Typically, these lending arrangements involve obtaining collateral as security for the borrower's repayment of funds, or personal guarantees from the principals or affiliates of the borrower.

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Ouster sorprende con resultados mejores de lo esperado y sus acciones suben un 8,95%. Descubre las acciones que dominan el premercado.

Las acciones de Ouster (OUST) suben un 9%; Aquí están 20 acciones que se mueven en el premercado de EE.UU.

Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) reported quarterly earnings of $0.07 per share. This is a 16.67 percent increase over earnings of $0.06 per share from the same period last year. The company reported $778.03 thousand in sales this quarter. This is a 6.56 percent decrease over sales of $832.67 thousand the same period last year.

Earnings

Mill City Ventures III Q1 GAAP EPS $0.07 Up From $0.06 YoY, Sales $778.03K Down From $832.67K YoY

Shares of Ouster, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NASDAQ">OUST</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/OUST/earnings">better-than-expected fourth-quarter financial results.</a>
Ouster reported quarterly losses of 48 cents per share which beat the analyst consensus estimate of 59 cents per share. The company reported quarterly sales of $30.092 million which beat the analyst consensus estimate of $30.000 million.
Ouster shares jumped 7.5% to $9.01 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Impact BioMedical Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBO#NYSE">IBO</a>) gained 119.2% to $4.56 in pre-market trading after jumping 292% on Thursday.</li>
</ul>
<ul>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) rose 39.8% to $0.5780 in pre-market trading after gaining 6% on Thursday.</li>
<li>Patriot National Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) gained 36.8% to $1.45 in pre-market trading after the company announced over $50 million private placement.</li>
<li>Allurion Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NASDAQ">ALUR</a>) gained 32.3% to $3.02 in pre-market after the company announced results from its allurion program and low-dose GLP-1 therapy combination.</li>
<li>TEN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHLD#NASDAQ">XHLD</a>) gained 22.2% to $1.22 in pre-market trading after dipping 37% on Thursday. TEN Holdings recently announced a $1 million stock repurchase program.</li>
<li>Mill City Ventures III, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) gained 18.2% to $2.15 in pre-market trading.</li>
<li>DSS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSS#NYSE">DSS</a>) rose 13.6% to $1.05 in pre-market trading after gaining 4% on Thursday.</li>
<li>USA Rare Earth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAR#NASDAQ">USAR</a>) rose 11.7% to $13.40 in pre-market trading after dipping over 22% on Thursday.</li>
<li>Blue Hat Interactive Entertainment Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) gained 11.1% to $3.00 in pre-market trading after dipping 10% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Damon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) fell 67.2% to $0.0412 in pre-market trading after the company priced its upsized $16.5 million public offering of 126.9 million units at $0.13 per unit.</li>
<li>SAG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) shares fell 22.7% to $0.9048 in pre-market trading after jumping 73% on Thursday.</li>
<li>InnovAge Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INNV#NASDAQ">INNV</a>) fell 20% to $2.60 in pre-market trading after declining 6% on Thursday.</li>
<li>Plus Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) declined 17.4% to $1.14 in pre-market trading. Plus Therapeutics shares jumped 170% on Thursday after the company announced that the FDA accepted the name REYOBIQ for Co.&#8217;s lead asset.</li>
<li>TNL Mediagene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNMG#NASDAQ">TNMG</a>) shares tumbled 14.5% to $0.8423 in pre-market trading after falling over 16% on Thursday.</li>
<li>Riverview Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSB#NASDAQ">RVSB</a>) shares fell 11% to $4.80 in pre-market trading.</li>
<li>authID Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) dipped 10.4% to $5.63 in pre-market trading after gaining 15% on Thursday.</li>
<li>Benitec Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTC#NASDAQ">BNTC</a>) fell 10.4% to $15.01 in today's pre-market trading. Benitec Biopharma recently reported interim clinical results for three subjects treated with BB-301 in Phase 1b/2a study.</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) shares dipped 7.7% to $227.30 in pre-market trading. FedEx posted weaker-than-expected earnings for its third quarter, while sales topped estimates. The company also said it now sees fiscal 2025 revenue flat to slightly down year-over-year, compared to the prior forecast of approximately flat.</li>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) fell 5.6% to $67.84 in pre-market trading. Nike reported better-than-expected third-quarter financial results. The athletic footwear and apparel company reported third-quarter revenue of $11.27 billion, beating analyst estimates of $11.01 billion.</li>
</ul>
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</ul>

Photo: Courtesy: zignal_88 on Shutterstock.com

Why Ouster Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

Mill City Ventures III Reports Funding Of Additional $1M Advance Pursuant To Short-term Credit And Security Agreement With Coventry Holdings Of Minnesota

Mill City Ventures Announces Amendment To Loan Agreement With Mustang Funding, Annual Rate Has Been Revised To 20%, With 15% Payable In Cash Monthly And 5% Deferred Until Maturity Or Earlier Acceleration

<h3>Gainers</h3>
<ul>
<li>B. Riley Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) shares increased by 15.2% to $4.55 during Tuesday's pre-market session. The market value of their outstanding shares is at $137.8 million. </li>
<li>AtlasClear Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#AMEX">ATCH</a>) shares increased by 14.7% to $8.58. The company's market cap stands at $3.3 million. </li>
<li>OLB Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLB#NASDAQ">OLB</a>) stock moved upwards by 9.6% to $1.94. The market value of their outstanding shares is at $4.1 million. </li>
<li>TOP Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOP#NASDAQ">TOP</a>) shares rose 7.74% to $1.53. The company's market cap stands at $56.6 million. </li>
<li>Hancock Whitney Corporation - 6.25% Subordinated Notes due 2060 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWCPZ#NASDAQ">HWCPZ</a>) shares moved upwards by 7.52% to $25.0. </li>
<li>Future FinTech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTFT#NASDAQ">FTFT</a>) shares increased by 7.43% to $0.29. The company's market cap stands at $6.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) shares decreased by 12.8% to $2.79 during Tuesday's pre-market session. The market value of their outstanding shares is at $17.8 million. </li>
<li>Greenpro Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares fell 12.6% to $1.11. The market value of their outstanding shares is at $8.4 million. </li>
<li>AvidXchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>) stock decreased by 9.85% to $8.7. The company's market cap stands at $1.7 billion. </li>
<li>Repay Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPAY#NASDAQ">RPAY</a>) shares declined by 9.46% to $6.61. The company's market cap stands at $571.1 million. </li>
<li>First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>) shares decreased by 8.52% to $10.21. The market value of their outstanding shares is at $230.1 million. </li>
<li>Riverview Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSB#NASDAQ">RVSB</a>) shares declined by 8.25% to $5.01. The company's market cap stands at $105.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Hancock Whitney Corporation - 6.25% Subordinated Notes due 2060

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12 Financials Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares moved upwards by 25.7% to $1.42 during Monday's pre-market session. The market value of their outstanding shares is at $159.9 million. </li>
<li>Palmer Square Capital BDC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSBD#NYSE">PSBD</a>) shares moved upwards by 12.24% to $17.0. The market value of their outstanding shares is at $555.1 million. </li>
<li>DigiAsia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAAS#NASDAQ">FAAS</a>) stock moved upwards by 11.81% to $1.23. The company's market cap stands at $74.6 million. </li>
<li>Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) shares increased by 11.14% to $3.59. The market value of their outstanding shares is at $22.9 million. </li>
<li>P10 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PX#NYSE">PX</a>) shares rose 10.07% to $13.99. The company's market cap stands at $1.5 billion. </li>
<li>Greenpro Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares rose 10.05% to $2.08. The company's market cap stands at $15.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Guild Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHLD#NYSE">GHLD</a>) stock declined by 17.2% to $10.3 during Monday's pre-market session. The company's market cap stands at $637.4 million. </li>
<li>RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) shares declined by 11.29% to $221.83. The market value of their outstanding shares is at $11.5 billion. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) shares decreased by 9.53% to $44.0. The market value of their outstanding shares is at $2.4 billion. </li>
<li>Vinci Partners Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) shares declined by 8.5% to $8.51. The market value of their outstanding shares is at $549.9 million. </li>
<li>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) stock fell 8.46% to $8.01. The market value of their outstanding shares is at $490.9 million. </li>
<li>FB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLA#NASDAQ">FBLA</a>) stock fell 7.61% to $10.2. The company's market cap stands at $202.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Financials Stocks Moving In Monday's Pre-Market Session

Mill City Ventures III Shares Halted On Circuit Breaker To The Downside, Stock Now Down -33.8%

Buybacks

Mill City Ventures Announces $2M Stock Repurchase Program

Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) reported quarterly earnings of $0.06 per share. This is a 500 percent increase over earnings of $0.01 per share from the same period last year. The company reported $888.63 thousand in sales this quarter. This is a 2.08 percent decrease over sales of $907.50 thousand the same period last year.

Mill City Ventures III Q2 EPS $0.06 Up From $0.01 YoY, Sales $888.63K Down From $907.50K YoY

Mill City Ventures III On Aug. 14 Reported Q2 EPS $0.06 Up From $0.01 YoY

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Shares of financial stocks are trading higher amid overall market strength after the fed maintained interest rates at current levels.

Mill City Ventures III Audited Consolidated Financial Statements For Period Ended Dec 31, 2022 Should No Longer Be Relied Upon

Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) reported $847.52 thousand in sales this quarter. This is a 24.96 percent increase over sales of $678.21 thousand the same period last year.
2022 Highlights
<ul>
<li>Investment income from lending operations increased&nbsp;24.9%&nbsp;to&nbsp;$847,518&nbsp;in the three-month period ended December 31, 2022, from&nbsp;$678,209&nbsp;in the prior year period. For the 2022 full year, investment income was&nbsp;$4,199,453&nbsp;compared to&nbsp;$2,656,201&nbsp;in 2021, a&nbsp;$1,543,252&nbsp;or&nbsp;58%&nbsp;increase.</li>
<li>Pre-tax earnings from lending operations were&nbsp;$316,506&nbsp;in the three-month period ended December 31, 2022, compared to&nbsp;$347,054&nbsp;in the prior year period. For the 2022 full year, net gain from lending operations increased to&nbsp;$1,440,576&nbsp;from&nbsp;$1,301,450, a&nbsp;$139,126&nbsp;or&nbsp;10.6%&nbsp;increase.
<ul>
<li>Shareholder equity increased to&nbsp;$18,342,339&nbsp;from&nbsp;$13,414,048&nbsp;at December 31, 2021.</li>
</ul>
</li>
</ul>

Mill City Ventures III Q4 Sales $847.52K Up From $678.21K YoY; Investment Income From Lending Operations Increases 58%; Shareholder Equity Increases 36.7%

<h3>Gainers</h3>
<ul>
<li>World Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRLD#NASDAQ">WRLD</a>) stock moved upwards by 22.9% to $99.57 during Thursday's regular session. Trading volume for this security as of 12:30 EST is 134.7K, which is 154.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $623.0 million. As per the press release, Q3 earnings came out today. </li>
<li>Metalpha Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATH#NASDAQ">MATH</a>) stock rose 14.35% to $0.58. The market value of their outstanding shares is at $15.5 million. </li>
<li>LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) shares rose 9.89% to $35.27. Trading volume for this security as of 12:30 EST is 183.5K, which is 66.2% of its average full-day volume over the last 100 days. The company's market cap stands at $451.0 million. </li>
<li>Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) shares rose 9.65% to $2.51. The company's market cap stands at $15.5 million. </li>
<li>Value Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALU#NASDAQ">VALU</a>) shares rose 8.93% to $54.35. The market value of their outstanding shares is at $513.6 million. </li>
<li>Pintec Technology Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PT#NASDAQ">PT</a>) stock increased by 8.57% to $0.38. The company's market cap stands at $3.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) shares fell 19.1% to $25.75 during Thursday's regular session. Trading volume for Customers Bancorp's stock is 1.1 million as of 12:30 EST. This is 347.2% of its average full-day volume over the last 100 days. The company's market cap stands at $837.2 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Alvarium Tiedemann Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTI#NASDAQ">ALTI</a>) shares declined by 12.8% to $13.43. The current volume of 179.8K shares is 95.9% of Alvarium Tiedemann Hldgs's average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $737.2 million. </li>
<li>LendingClub (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) stock declined by 12.09% to $9.09. LendingClub's stock is trading at a volume of 4.6 million shares as of 12:30 EST. This is 270.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $955.2 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) stock fell 9.65% to $20.33. The current volume of 65.1K shares is 212.6% of Alerus Finl's average full-day volume over the last 100 days (last updated at 12:30 EST). The company's market cap stands at $406.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) shares decreased by 9.64% to $22.07. The current volume of 189.1K shares is 142.7% of ConnectOne Bancorp's average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $866.2 million. As per the news, the Q4 earnings report came out today. </li>
<li>Kearny Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNY#NASDAQ">KRNY</a>) stock decreased by 9.02% to $9.4. Kearny Financial's stock is trading at a volume of 134.7K shares as of 12:30 EST. This is 52.7% of its average full-day volume over the last 100 days. The company's market cap stands at $635.0 million. The company's, Q2 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Financials Stocks Moving In Thursday's Intraday Session

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Shares of banks and financial services companies are trading higher on continued hopes of a peaking labor market and potentially slowed inflation following Friday economic data. Softer inflation could lead to less aggressive Fed monetary policy and positively impact lending.

Mill City Ventures III Shares Resume Trading; Shares Down ~2% Premarket

Mill City Ventures III, Ltd. Shares To Resume At 7:30 a.m. ET

Mill City Ventures III, Ltd. (&quot;Mill City&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>), a specialty short-term finance and non-bank lender, announced today that it has entered into a non-binding letter of intent for a merger transaction with Mustang Funding, LLC dba Mustang Litigation Funding (&quot;Mustang&quot;), a Delaware limited liability company owning and operating a Minneapolis-based litigation finance business focusing on the long-term capital needs of law firms, plaintiffs and vendors. Mustang has associated offices in Plymouth Meeting, Pennsylvania and Sarasota, Florida. The letter of intent contemplates Mill City&#39;s acquisition of Mustang through a legal structure that is to be determined in connection with reaching a definitive agreement, but with the owners of Mustang receiving a sufficient number of shares of Mill City common stock such that they would own&nbsp;80%&nbsp;of the total number of issued and outstanding shares of Mill City common stock on a post-transaction basis. The letter of intent is non-binding and obligates the parties only to work cooperatively and in good faith for the purpose of negotiating and entering into a definitive agreement governing the transaction.
The letter of intent sets forth certain conditions precedent to any closing of the transaction, and a definitive agreement, if reached, would likely set forth additional customary and negotiated conditions to any such closing. The conditions identified in the letter of intent include the completion of due diligence to the satisfaction of the both parties, a financing-based condition, the consummation of a short-term loan by Mill City to Mustang, the approval of the owners of Mustang and the shareholders of Mill City, together with any related regulatory approvals that may be required, including any required approval by Nasdaq of the continued listing of Mill City common stock after any closing. Any definitive agreement that may be reached is expected to contain other customary and negotiated terms and conditions, and may contain terms and conditions different from those contemplated in the letter of intent.

Mill City Ventures III, Ltd. Enters Into Letter Of Intent To Acquire Mustang Funding, LLC

Mill City Ventures III, Ltd. Shares Halted, News Pending

&nbsp;Mill City Ventures III, Ltd.&nbsp;<a href="https://pr.report/nG02jLR3">(NASDAQ:</a><a href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) (&quot;Mill City&quot; or the &quot;Company&quot;) a non-bank lender and specialty finance company, today announced financial results for the three-month and nine-month periods ended September 30, 2022.
3Q 2022 Highlights
<ul>
<li>Investment income from lending operations increased&nbsp;47.5%&nbsp;to&nbsp;$1,115,224&nbsp;in the three-month period ended September 30, 2022, from&nbsp;$755,601&nbsp;in the prior year period. For the nine-month period, investment income was&nbsp;$3,351,935&nbsp;compared to&nbsp;$1,977,992&nbsp;in the prior year period, a&nbsp;69%&nbsp;increase.</li>
<li>Net loss in the&nbsp;third quarter&nbsp;was ($64,568) compared to a gain of&nbsp;$516,019&nbsp;in the prior year period. The loss in the&nbsp;third quarter&nbsp;was driven primarily by professional fees incurred during the quarter related to the Company&#39;s public offering and listing on Nasdaq. In the nine-month period, net gain from lending operations increased to&nbsp;$1,124,070&nbsp;from&nbsp;$954,396&nbsp;in the prior year period, a&nbsp;17.7%&nbsp;increase.</li>
<li>Shareholder equity increased to&nbsp;$18,658,595&nbsp;from&nbsp;$13,414,049&nbsp;at December 31, 2021</li>
<li>At September 30, 2022, the Company had&nbsp;$1,861,650&nbsp;in cash, compared with&nbsp;$1,936,148&nbsp;at December 31, 2021.</li>
</ul>
Commenting on the quarter, Chief Executive Officer Douglas M. Polinsky said, &quot;Our&nbsp;third quarter&nbsp;results reflect the continued robust demand for our short-term loans as income from operations increased on a three-month and nine-month basis. Our net results include professional fees we incurred in connection with our public offering and uplisting to Nasdaq in August, and as part of our efforts to raise our visibility with the investment community and grow our business. The market demand for our lending solutions continues to be the main driver our growth, and we intend to remain opportunistic about acquisitions that may accelerate that growth.&quot;

Mill City Ventures III Reports 2022 Q3 Financial Results Investment Income From Lending Operations Increases 47.5% To $1,115,224 Shareholder Equity Increases 39%

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