MINNEAPOLIS, MN / ACCESSWIRE / November 19, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway" or the "Company")today announced its financial results for the third quarter ended September 30, 2024 ("Q3").OverviewThird quarter fiscal year 2024 Net revenue was $6.6 million. Gross profit was $1.4 million, or 21.7% of sales. Operating loss of $1.4 million compared to an operating loss of $1.6 million in Q3 2023. Net loss from continuing operations was $1.5 million compared to a loss of $1.5 million in Q3 2023. Net loss attributable to Lendway was $1.1 million, or a loss of $0.64 per basic and diluted share, compared to net income of $1.1 million, or $0.63 per basic and diluted share in Q3 2023.

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MINNEAPOLIS, MN / ACCESSWIRE / June 6, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway"), a leading specialty ag and finance company (www.lendway.com), today announced the appointment of William (Bill) Prescott as Sales Manager for its primary business unit, Fresh Tulips USA LLC, "Bloomia." In this role, he will be responsible for expanding the Bloomia sales footprint."We are thrilled to welcome Bill to the Bloomin team" said Werner Jansen, CEO of Bloomia. "Bill brings a wealth of knowledge about the Western United States market, which is a market we are strongly interested in growing into. His experience will help us greatly in our efforts to move into this new market."Most recently, Mr. Presc

MINNEAPOLIS, MN / ACCESSWIRE / May 6, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway"), a leading specialty ag and finance company (www.lendway.com), today announced the appointment of Elizabeth "Biz" McShane as its Chief Financial Officer, effective as of May 20, 2024.Ms. McShane brings a wealth of experience to Lendway, having most recently served as Vice President and Corporate Controller at Regis Corporation, and previously holding senior finance and operations positions. With a foundation in public accounting from KPMG, Ms. McShane is primed to contribute significantly to Lendway's strategic growth.Randy Uglem, President and CEO, expressed enthusiasm about Ms. McShane's appointment, stati

MINNEAPOLIS, MN / ACCESSWIRE / November 19, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway" or the "Company")today announced its financial results for the third quarter ended September 30, 2024 ("Q3").OverviewThird quarter fiscal year 2024 Net revenue was $6.6 million. Gross profit was $1.4 million, or 21.7% of sales. Operating loss of $1.4 million compared to an operating loss of $1.6 million in Q3 2023. Net loss from continuing operations was $1.5 million compared to a loss of $1.5 million in Q3 2023. Net loss attributable to Lendway was $1.1 million, or a loss of $0.64 per basic and diluted share, compared to net income of $1.1 million, or $0.63 per basic and diluted share in Q3 2023.

MINNEAPOLIS, MN / ACCESSWIRE / August 19, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway" or the "Company") today announced significant improvement in its financial results for the second quarter ended June 30, 2024 ("Q2").OverviewSecond quarter fiscal year 2024Net revenue was $16.8 million.Gross profit was $4.0 million or 23.7% of sales.Operating loss of $0.1 million compared to an operating loss of $0.6 million in Q2 2023.Net loss from continuing operations was $0.9 million compared to a loss of $0.4 million in Q2 2023.Net loss attributable to Lendway was $0.7 million, or a loss of $0.42 per basic and diluted share, compared to a net loss of $0.04 million, or a loss of $0.02 per basic and di

MINNEAPOLIS, MN / ACCESSWIRE / June 11, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway"), a leading specialty ag and finance company (www.lendway.com), today announced the appointments of Mark R. Jundt and Daniel C. Philp as Co-Chief Executive Officers effective July 1, 2024."We are pleased that Mark and Dan have agreed to step into the Co-CEO role" said Nick Swenson, a Board member and representative of a group of Lendway stockholders. "Bloomia, the Company's majority-owned subsidiary, is being run by its able CEO and 18% minority owner. We believe he is doing a spectacular job of running the underlying business. The Board believes that at the corporate level, Lendway's leaders need to focus

MINNEAPOLIS, MN / ACCESSWIRE / June 6, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway"), a leading specialty ag and finance company (www.lendway.com), today announced the appointment of William (Bill) Prescott as Sales Manager for its primary business unit, Fresh Tulips USA LLC, "Bloomia." In this role, he will be responsible for expanding the Bloomia sales footprint."We are thrilled to welcome Bill to the Bloomin team" said Werner Jansen, CEO of Bloomia. "Bill brings a wealth of knowledge about the Western United States market, which is a market we are strongly interested in growing into. His experience will help us greatly in our efforts to move into this new market."Most recently, Mr. Presc

MINNEAPOLIS, MN / ACCESSWIRE / May 20, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway" or the "Company") today announced financial results for the first quarter ("Q1") ended March 31, 2024.Strategic Business Operations UpdateThe Company has strategically evolved into a specialty agricultural and finance company with an operational focus on its agricultural investments. These developments include:April 2023: The Company launched its lending business (the "Lending Business") through the hiring of Randy Uglem. The Company is seeking to build a scalable non-bank lending business to purchase existing loans or originate and fund new loans, all of which will be secured by collateral.August 2023: The

MINNEAPOLIS, MN / ACCESSWIRE / May 6, 2024 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway"), a leading specialty ag and finance company (www.lendway.com), today announced the appointment of Elizabeth "Biz" McShane as its Chief Financial Officer, effective as of May 20, 2024.Ms. McShane brings a wealth of experience to Lendway, having most recently served as Vice President and Corporate Controller at Regis Corporation, and previously holding senior finance and operations positions. With a foundation in public accounting from KPMG, Ms. McShane is primed to contribute significantly to Lendway's strategic growth.Randy Uglem, President and CEO, expressed enthusiasm about Ms. McShane's appointment, stati

Transaction Broadens Lendway's Mission to Be a Specialty Ag and Finance CompanyMinneapolis, MN / ACCESSWIRE / February 26, 2024 / Lendway, Inc. (NASDAQ:LDWY) (www.lendway.com), today announced the closing of its acquisition of a majority ownership interest in Bloomia B.V. (www.bloomia.com), one of the largest producers of fresh cut tulips in the United States. With this transaction, Lendway broadens its mandate to be a specialty ag and finance company and accelerates its pathway to long-term growth.Originally founded in the Netherlands with an innovative spirit, Bloomia has grown to become a leader in the fresh cut tulip industry, nurturing over 75 million stems annually. Bloomia operates fr

MINNEAPOLIS, MN / ACCESSWIRE / November 13, 2023 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway") today reported financial results for the third quarter ended September 30, 2023 ("Q3").Non-Bank Lending BusinessWe are building a scalable non-bank lending business to purchase existing loans or originate and fund new loans, all of which will be secured by collateral. Initially, we intend to focus on loans secured by real estate, primarily for agricultural purposes. We expect to expand our product offerings over time as we identify needs and opportunities in the marketplace for loans generally. Our plan, therefore, is to build a portfolio of well-secured loans, with a portion of the credit risk being p

MINNEAPOLIS, MN / ACCESSWIRE / August 28, 2023 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway") announced today that its Board of Directors has authorized a new stock repurchase program of up to 400,000 of the company's outstanding common stock, par value $.01 per share.The shares may be purchased by Lendway from time to time in open market transactions at prevailing market prices, in privately negotiated transaction, or by other means in accordance with federal securities laws. The manner, timing, number and prices of shares purchased by Lendway under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Lendway's commo

MINNEAPOLIS, MN / ACCESSWIRE / August 10, 2023 / Lendway, Inc. (NASDAQ:LDWY) ("Lendway") today reported financial results for the second quarter ended June 30, 2023 ("Q2"). To better reflect its focus on non-bank lending, Lendway (formerly Insignia Systems, Inc.) changed its name and reincorporated in Delaware effective August 4, 2023. As part of the name change, our common stock now trades under the symbol "LDWY" on The Nasdaq Stock Market, LLC.In April 2023, we announced the launch of our non-bank lending business, through the hiring of Randy Uglem, who has over 20 years of experience in credit and lending, as our Senior Vice President of Lending. With Randy's promotion to President and CE

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Jundt has served as a member of company's Board of Directors since November 2022 and as its Chair from August 2023.

Lendway (NASDAQ:LDWY) reported quarterly losses of $(0.21) per share. This is a 48.78 percent increase over losses of $(0.41) per share from the same period last year.

What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the communication services sector: Lendway (NASDAQ:LDWY) - P/E: 1.07 Telecom Argentina (NYSE:TEO) - P/E: 9.31 KT (NYSE:KT) - P/E: 9.53 GD Culture Group (NASDAQ:GDC) - P/E: 0.15 Hello Gr (NASDAQ:MOMO) - P/E: 5.16

The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching: Gogo (NASDAQ:GOGO) - P/E: 7.71 Perion Network (NASDAQ:PERI) - P/E: 9.98 Hello Gr (NASDAQ:MOMO) - P/E: 5.18 Xunlei (NASDAQ:XNET) - P/E: 5.99 Lendway (NASDAQ:LDWY) - P/E: 0.97 Gogo saw a decrease in earnings per share from 0.16 in Q3 to $0.11 now. This quarter, Perion Network experience

What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the communication services sector: Weibo (NASDAQ:WB) - P/E: 5.46 AT&T (NYSE:T) - P/E: 8.53 National CineMedia (NASDAQ:NCMI) - P/E: 0.19 Tegna (NYSE:TGNA) - P/E: 5.0 Lendway (NASDAQ:LDWY) - P/E: 0.86 Most recently, Weibo reported e

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the communication services sector: Cogent Comms Hldgs (NASDAQ:CCOI) - P/E: 3.43 Lendway (NASDAQ:LDWY) - P/E: 0.86 Sinclair (NASDAQ:SBGI) - P/E: 8.55 Telecom Argentina (NYSE:TEO) - P/E: 9.91 Weibo (NASDAQ:WB) - P/E: 5.21 Cogent Comms Hldgs's earnings per share for Q3 sits at $-1.2, whereas in Q2, they were at -0.67. Its most recent dividend

What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the communication services sector: Lendway (NASDAQ:LDWY) - P/E: 0.91 Cogent Comms Hldgs (NASDAQ:CCOI) - P/E: 3.3 Hello Gr (NASDAQ:MOMO) - P/E: 4.94 National CineMedia (NASDAQ:NCMI) - P/E: 0.19 Telecom Argentina (NYSE:TEO) - P/E: 9.11 This quarter, Lendway experienced an increase in earnings per share, which was $-0.02 in Q2 and is now $0.63. Cog

What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching: DISH Network (NASDAQ:DISH) - P/E: 2.57 Urban One (NASDAQ:UONE) - P/E: 2.73 Hello Gr (NASDAQ:MOMO) - P/E: 5.3 Lendway (NASDAQ:LDWY) - P/E: 0.92 Verizon Communications (NYSE:VZ) - P/E: 7.53 This quarter, DISH Network experienced a decrease in earnings per share, which was $0.31 in Q2 and is now

What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the communication services sector: Gannett Co (NYSE:GCI) - P/E: 9.8 GRAVITY Co (NASDAQ:GRVY) - P/E: 4.89 Cogent Comms Hldgs (NASDAQ:CCOI) - P/E: 3.07 Lendway (NASDAQ:LDWY) - P/E: 0.92 GD Culture Group (NASDAQ:GDC) - P/E: 0.21 Most rece

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