Los Angeles Finance Co. Achieves Record Q3 Performance, Generates $209.6M, Eyes Strategic Growth In 2024
Los Angeles Finance Co. Achieves Record Q3 Performance, Generates $209.6M, Eyes Strategic Growth In 2024
XS Financial Inc. (CSE:XSF) (OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the U.S. reported robust financial performance for Q3 ending September 30th, 2023.
向美國大麻公司提供資本支出和設備融資解決方案的專業金融公司XS Financial Inc.（CSE: XSF）（OTCQB: XSHLF）報告稱，截至2023年9月30日的第三季度財務表現強勁。
All figures are in U.S. dollars unless otherwise noted.
除非另有說明，否則所有數字均以美元爲單位。
See Also: Canadian Cannabis Co. Entourage Health Q3 Revenue Slides 8.8% YoY - But Margins Sore, Losses Decline
另請參閱： 加拿大大麻公司Entourage Health 第三季度收入同比下降8.8％，但利潤率上升，虧損下降
Q3/23 Financial Highlights
23 年第 3 季度財務摘要
- The company experienced a significant 41% YoY increase in Q3 revenue, reaching $2.9 million compared to $2.1 million in Q3/22.
- Gross lease receivables saw an impressive 56% YoY increase to $113.1 million in Q3/23, up from $99.1 million in Q3/22.
- Net distributable earnings showed an 11% YoY improvement, reaching $209,000 in Q3/23 compared to $189,000 in Q3/22.
- Net loss for the quarter was $2,987,733 compared to a net loss of $2,417,709 for the third quarter of 2022.
- 該公司第三季度收入同比大幅增長41％，達到290萬美元，而2022年第三季度的收入爲210萬美元。
- 租賃應收賬款總額同比增長了56％，高於2022年第三季度的9,910萬美元，增至23季度的1.131億美元。
- 可分配淨收益同比增長11％，在第三季度達到20.9萬美元，而第二季度爲18.9萬美元。
- 該季度的淨虧損爲2,987,733美元，而2022年第三季度的淨虧損爲2417,709美元。
Moreover, operating expenses for the quarter decreased by 41% to $1,139,266 from $1,944,168 for the same period the prior year.
此外，該季度的運營支出從去年同期的1,944,168美元下降了41％，至1,139,266美元。
Other expenses for the quarter increased to $4,787,683 from $2,553,602 for the same period the prior year, primarily due to non-cash losses related to the change in fair value of derivative liabilities and a non-cash debt modification loss.
本季度的其他支出從去年同期的2,553,602美元增至4,787,683美元，這主要是由於與衍生負債公允價值變化相關的非現金損失以及非現金債務修改虧損。
See Also: Tough Q3 For Cannabis Co. Vext Science, But Ohio Rec Market Launch Holds Promise
另請參閱： 對於大麻公司來說，第三季度很艱難Vext Science，但俄亥俄州Rec市場的推出有希望
Operational Milestones
運營里程碑
Additionally, the quarter witnessed the closing of 16 new lease transactions with key players in the cannabis industry, contributing to a total transaction value of approximately $9.6 million.
此外，本季度與大麻行業主要參與者完成了16筆新的租賃交易，總交易額約爲960萬美元。
Post-Quarter-End Portfolio and Corporate Highlights: As of November 22, 2023, XS Financial's key metrics demonstrated consistent growth and stability.
季末投資組合和企業亮點：截至2023年11月22日，XS Financial的關鍵指標顯示出持續的增長和穩定性。
David Kivitz, CEO of XS Financial, stated: "During the third quarter, we generated record net distributable earnings of $209,594, which is a proxy for cash earnings. Looking ahead to 2024, we are focused on expanding our customer base, increasing efficiencies in operations, and optimizing our balance sheet, including refinancing our maturing debt."
XS Financial首席執行官大衛·基維茨表示：“在第三季度，我們創造了創紀錄的209,594美元的可分配淨收益，這代表了現金收益。展望2024年，我們將專注於擴大客戶群、提高運營效率和優化資產負債表，包括爲到期債務再融資。”
Kivitz emphasized the company's strong liquidity position, with $21.4 million available for drawdown on its $54 million commercial line of credit, "which provides sufficient liquidity for our business to continue exploring growth opportunities."
基維茨強調了該公司強勁的流動性狀況，其5400萬美元的商業信貸額度有2140萬美元可供提取，“這爲我們的業務提供了足夠的流動性，可以繼續探索增長機會。”
Price Action
價格走勢
XSHLF's shares were trading 34.29% higher at $0.047 per share at the time of writing on Tuesday afternoon.
在週二下午撰寫本文時，XSHLF的股價上漲34.29％，至每股0.047美元。
Read Next: How to Invest in Cannabis Stocks
繼續閱讀： 如何投資大麻股票
Image created using artificial intelligence tools
使用人工智能工具創建的圖像
譯文內容由第三人軟體翻譯。