SWK Holdings Corporation, a specialty finance company, focuses on the healthcare sector. The company operates in two segments, Finance Receivables and Pharmaceutical Development. It provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors. The company, through its subsidiary, SWK Advisors LLC, offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance. The company also engages in the pharmaceutical development, formulation and manufacturing, and licensing business through the Peptelligence platform. Its product pipeline includes Ovarest, an oral leuprolide tablet to treat endometriosis; and Tobrate, an oral tobramycin tablet for the treatment of uncomplicated urinary tract infections. The company was formerly known as Kana Software, Inc. and changed its name to SWK Holdings Corporation in December 2009. SWK Holdings Corporation was incorporated in 1996 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NASDAQ
Website: swkhold.com
Date | Price Target | Rating | Analyst |
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12/28/2022 | $26.00 | Buy | Lake Street |
4/18/2022 | $26.00 | Buy | Lake Street |
Lake Street resumed coverage of SWK Holdings with a rating of Buy and set a new price target of $26.00
Lake Street initiated coverage of SWK Holdings with a rating of Buy and set a new price target of $26.00
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Company Announces Q3 Earnings and Conference Call Dates DALLAS, TX / ACCESSWIRE / October 17, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies, provided today a portfolio update and announced the anticipated date of the third quarter earnings and conference call schedule.The Company intends to issue their third quarter financials after market close on November 14, 2024, and will host a conference call at 9:00 a.m. Central Time on November 15, 2024, to discuss the company's financial results for the quarter. Call details will be available in the quarterly results
Conference Call Scheduled for Friday, August 16, 2024, at 09:00 a.m. CSTCorporate HighlightsSecond quarter 2024 GAAP net income was $4.4 million, compared with net income of $3.9 million for the second quarter 2023Second quarter 2024 finance receivables segment adjusted non-GAAP net income was $6.5 million, compared with adjusted non-GAAP net income of $7.6 million for the second quarter 2023As of June 30, 2024, net finance receivables were $265.5 million, a 19.0% increase from June 30, 2023The second quarter 2024 effective yield was 14.6%, a 10 bps increase from second quarter 2023As of June 30, 2024, non-GAAP tangible financing book value per share was $20.17, a 6.3% increase from $18.95 a
DALLAS, TX / ACCESSWIRE / July 17, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small and mid-sized commercial-stage companies, today provided a corporate progress update as well as a summary of the achievements of its borrower portfolio companies."During the second quarter we advanced capital to two existing borrowers and are working towards an additional closing in the next month," said SWK President and CEO Jody Staggs."Importantly, several of our borrower partners took advantage of the strong capital markets to raise equity or other forms of non-dilutive financing. We also repurchased $1 million of st
Company Also Promotes Controller DALLAS, TX / ACCESSWIRE / July 8, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies, is pleased to announce the appointment of Adam C. Rice, CPA, as Chief Financial Officer (CFO) of the company and the promotion of Courtney Baker, CPA, to Controller.With over 18 years of senior-level finance and accounting leadership experience, Rice has led financial operations management, corporate financial planning and analysis, strategic planning and financial statement reporting. He was previously CFO of Park Cities Asset Management, an SEC
Conference Call and Live Audio Webcast Scheduled for Thursday, May 16, 2024, at 10:00 a.m. ET Corporate HighlightsFirst quarter 2024 GAAP net income was $0.9 million, compared with net income of $4.6 million or $0.36 per share, for the first quarter 2023First quarter 2024 finance receivables segment adjusted non-GAAP net income was $2.7 million, compared with adjusted non-GAAP net income of $7.3 million for the first quarter 2023As of March 31, 2024, gross finance receivables were $274.5 million, a 10.3% increase from March 31, 2023As of March 31, 2024, book value per share was $22.46As of March 31, 2024, non-GAAP tangible financing book value per share was $19.69First quarter 2024 finance p
Conference Call and Live Audio Webcast Scheduled for Thursday, March 21, 2024, at 10:00 a.m. ETCorporate HighlightsFourth quarter 2023 and 2022 net income was $2.8 millionFull year 2023 net income was $15.9 million, compared to full year 2022 net income of $13.5 millionClosed a $33.0 million public offering of senior notesRepurchased 14,233 shares of common stock during the fourth quarter for a total cost of $0.2 million; year-to-date 2024 through March 14th, repurchased an additional 51,169 shares for a total cost of $0.9 millionAfter quarter end, signed Exclusive Option and Asset Purchase Agreement granting strategic partner an exclusive two-year option to purchase certain tangible assets
DALLAS, TX / ACCESSWIRE / January 23, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small and mid-sized commercial-stage companies, today provided a corporate progress update as well as a summary of the achievements of its borrower partners."We concluded 2023 with a surge in deal activity as the 2023 investments SWK has made in the team and underwriting process paid dividends through an increased pipeline and four deal closings," stated Jody Staggs, President and CEO of SWK. "During the quarter, SWK closed approximately $60 million of financings with $55 million deployed. With these new capital deployments
DALLAS, Oct. 11, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life-science-focused, specialty finance company catering to small- and mid-sized commercial-stage companies, today announced an amendment to its revolving credit facility. The amended credit facility provides total commitments of $60 million, including a new $15 million commitment from Woodforest National Bank ("Woodforest") and an existing $45 million commitment from First Horizon Bank. All other terms of the facility remain unchanged, including the accordion feature, which provides for expansion of the facility up to $125 million, subject to customary conditions.
DALLAS, Oct. 3, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ: SWKH) ("SWK" or the "Company") today announced that it has completed its previously announced registered underwritten public offering (the "Offering") of $30 million in aggregate principal amount of 9.00% Senior notes due 2027 (the "Notes"). SWK has also granted the underwriters of the Offering an option to purchase up to an additional $4.5 million in aggregate principal amount of the Notes. The total net proceeds from the Offering (excluding exercise of the underwriter option) are approximately $29.1 million (after deducting underwriting discounts and commissions, but before other fees and estimated expenses).
DALLAS, Sept. 28, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ: SWKH) ("SWK" or the "Company") today announced that it has priced its previously announced registered underwritten public offering (the "Offering") of $30 million in aggregate principal amount of 9.00% Senior notes due 2027 (the "Notes"). SWK has also granted the underwriters of the Offering an option to purchase up to an additional $4.5 million in aggregate principal amount of the Notes. The total net proceeds from the Offering (excluding exercise of the underwriter option) are approximately $29.1 million (after deducting underwriting discounts and commissions, but before other fees and estimated expenses). The Notes
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Company Also Promotes Controller DALLAS, TX / ACCESSWIRE / July 8, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies, is pleased to announce the appointment of Adam C. Rice, CPA, as Chief Financial Officer (CFO) of the company and the promotion of Courtney Baker, CPA, to Controller.With over 18 years of senior-level finance and accounting leadership experience, Rice has led financial operations management, corporate financial planning and analysis, strategic planning and financial statement reporting. He was previously CFO of Park Cities Asset Management, an SEC
NEW BRITAIN, Conn., May 2, 2023 /PRNewswire/ -- Stanley Black & Decker (NYSE:SWK) today announced the appointment of Chris Nelson as Chief Operating Officer of the company, and Executive Vice President and President of Tools & Outdoor, effective June 14, 2023. Nelson joins Stanley Black & Decker from Carrier Corporation and brings more than 25 years of leadership experience in general management, product development and innovation, and growth transformation. Nelson will report to Donald Allan Jr., President and CEO of Stanley Black & Decker. He will assume the role of President, Tools & Outdoor, from current Acting Co-Presidents Robert Raff and John Wyatt. Raff will continue to serve as Chie
DALLAS, March 15, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that Jerry Albright has been named to the Company's Board of Directors and will replace Wendy DiCicco, who chose not to seek re-election to the Board because of external professional commitments. The transition will be effective March 15, 2023, with Mr. Albright joining Board Chair, Laurie Dotter, and directors, Robert K. Hatcher, and Marcus Pennington, on the Board. "We are pleased to welcome Jerry to SWK's Board of Directors and look forward to benefitting from
Mr. Staggs elevated from "interim" to "permanent" CEO as SWK advances multiple initiatives in 2023 Ms. Dotter joined SWK's Board of Directors in February 2022 DALLAS, Jan. 3, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that Jody Staggs has been named the company's Chief Executive Officer. In September 2022, Mr. Staggs was promoted to the position of President and interim Chief Executive Officer. Effective January 1, 2023, Mr. Staggs holds the titles of President and Chief Executive Officer of SWK Holdings. Additionally, SWK
Jody Staggs appointed as President and Interim CEO CEO Winston Black will assist in an interim consulting role after successfully establishing SWK Holdings as a leading life science focused specialty finance company Portfolio and pipeline remain strong as evidenced by recent closing of two $25 million credit agreements DALLAS, Sept. 1, 2022 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that Jody Staggs, Managing Director of SWK Holdings, has been promoted to the position of President, effective September 1, 2022, and will serve as in
BOONTON, N.J., Jan. 7, 2021 /PRNewswire/ -- Rajiv Khosla, Ph.D., named Chief Executive Officer Gary A. Shangold, M.D., appointed Chief Medical Officer Received two milestone payments totaling $5 million from Cara Therapeutics per licensing agreement for Peptelligence to advance development of Oral KORSUVA™ Additional potential milestone payments expected over the next several quarters, subject to the achievement of certain development milestones for Oral KORSUVA Oral KORSUVA currently the subject of three separate, ongoing clinical programs focused on distinct pruritis indications Expansion of manufacturing facility to enable Phase 3 and small volume commercial scale production, in
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Company Announces Q3 Earnings and Conference Call Dates DALLAS, TX / ACCESSWIRE / October 17, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies, provided today a portfolio update and announced the anticipated date of the third quarter earnings and conference call schedule.The Company intends to issue their third quarter financials after market close on November 14, 2024, and will host a conference call at 9:00 a.m. Central Time on November 15, 2024, to discuss the company's financial results for the quarter. Call details will be available in the quarterly results
DALLAS, TX / ACCESSWIRE / July 17, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small and mid-sized commercial-stage companies, today provided a corporate progress update as well as a summary of the achievements of its borrower portfolio companies."During the second quarter we advanced capital to two existing borrowers and are working towards an additional closing in the next month," said SWK President and CEO Jody Staggs."Importantly, several of our borrower partners took advantage of the strong capital markets to raise equity or other forms of non-dilutive financing. We also repurchased $1 million of st
Conference Call and Live Audio Webcast Scheduled for Thursday, May 16, 2024, at 10:00 a.m. ET Corporate HighlightsFirst quarter 2024 GAAP net income was $0.9 million, compared with net income of $4.6 million or $0.36 per share, for the first quarter 2023First quarter 2024 finance receivables segment adjusted non-GAAP net income was $2.7 million, compared with adjusted non-GAAP net income of $7.3 million for the first quarter 2023As of March 31, 2024, gross finance receivables were $274.5 million, a 10.3% increase from March 31, 2023As of March 31, 2024, book value per share was $22.46As of March 31, 2024, non-GAAP tangible financing book value per share was $19.69First quarter 2024 finance p
DALLAS, TX / ACCESSWIRE / January 23, 2024 / SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small and mid-sized commercial-stage companies, today provided a corporate progress update as well as a summary of the achievements of its borrower partners."We concluded 2023 with a surge in deal activity as the 2023 investments SWK has made in the team and underwriting process paid dividends through an increased pipeline and four deal closings," stated Jody Staggs, President and CEO of SWK. "During the quarter, SWK closed approximately $60 million of financings with $55 million deployed. With these new capital deployments
Conference Call and Live Audio Webcast Scheduled for Wednesday, August 9, 2023, at 5:00 p.m. ET Corporate Highlights Second quarter 2023 GAAP net income was $3.9 million or $0.31 per diluted share, compared with net income of $0.6 million or $0.04 per diluted share, for the second quarter 2022Closed a $45.0 million credit facility with First Horizon BankYear-to-date Enteris has booked $2.0 million of CDMO projects and has $9.0 million of CDMO proposals outstanding, which is expected to drive revenue growth in 2H23During the quarter SWK repurchased 272,492 shares of common stock for a total cost of $4.6 million, or $16.88 per share; Year-to-date through August 5, 2023, SWK has repurchased 327
Conference Call and Live Audio Webcast Scheduled for Wednesday, August 9, 2023, at 5:00 p.m. ET DALLAS, Aug. 8, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies, announced today that the Company will host a conference call and live audio webcast on Wednesday, August 9, 2023, at 5:00 p.m. ET, to discuss its corporate and financial results for the second quarter of 2023. Interested participants and investors may access the conference c
Board Of Directors Approves Quarterly Cash Dividend Increase To $0.81 Per Share NEW BRITAIN, Conn., July 27, 2023 /PRNewswire/ -- Stanley Black & Decker (NYSE:SWK), a worldwide leader in tools and outdoor, announced today that its Board of Directors approved a $0.01 increase of its quarterly cash dividend to $0.81 per common share. The dividend is payable on Tuesday, September 19, 2023, to shareholders of record as of the close of business on Tuesday, September 5, 2023. Stanley Black & Decker's President and CEO, Donald Allan, Jr., commented, "We are pleased to announce this dividend increase as our long-standing commitment to rewarding shareholders through growing cash dividends is a key el
Conference Call and Live Audio Webcast Scheduled for Thursday, May 11, 2023, at 10:00 a.m. ET Corporate Highlights First quarter 2023 GAAP net income was $4.6 million or $0.36 per diluted share, compared with net income of $3.5 million or $0.27 per share, for the first quarter 2022Enteris has bid on approximately $7.0 million of CDMO projects year-to-date which is expected to drive revenue growth in 2H23Enteris first quarter 2023 operation expenses declined 45% compared with the fourth quarter 2022Michael Miner joined SWK as Vice President of Investments and Peter Blumberg joined as Vice President of Business DevelopmentSWK repurchased 28,766 shares of common stock during the quarter for a t
Conference Call and Live Audio Webcast Scheduled for Today, April 3, 2023, at 10:00 a.m. ET Corporate Highlights Jody Staggs named President and Chief Executive OfficerAppointed Laurie Dotter as Chair of the Board and Jerry Albright to the Board of DirectorsRestructuring at Enteris with quarterly operating expenses expected to decline by over $1.0 million per quarter by third quarter 2023Repurchased 29,438 shares of common stock during the quarter for a total cost of $0.5 million and YTD 2023 have purchased an additional 27,291 shares of common stock for a total cost of $0.5 millionFinance Receivables Segment Update Fourth quarter 2022 GAAP net income was $2.8 million, compared with net inco
Conference Call and Live Audio Webcast Scheduled for Monday, April 3, 2023, at 10:00 a.m. ET DALLAS, March 31, 2023 /PRNewswire/ -- SWK Holdings Corporation (NASDAQ:SWKH) ("SWK" or the "Company"), a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies, announced today that the Company will host a conference call and live audio webcast on Monday, April 3, 2023, at 10:00 a.m. ET, to discuss its corporate and financial results for the fourth quarter and full year of 2022. Interested participants and investors may access the co
Rice will also serve as the Company’s principal financial officer and principal accounting officer.
SWK Holdings (NASDAQ:SWKH) reported its Q4 earnings results on Thursday, March 21, 2024 at 07:00 AM. Here's what investors need to know about the announcement. Earnings SWK Holdings missed estimated earnings by -23.0%, reporting an EPS of $0.23 versus an estimate of $0.3. Revenue was up $93 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 1.0% increase in the share price the next day. Here's a look at SWK Holdings's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.34 0.37 0.35 0.19 EPS Actual 0.38 0.40 0.45 0.13 Revenue Estimate 9.30M 8.70M 9.41M 8.20M Revenue Actual 8
SWK Holdings (NASDAQ:SWKH) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.34 by 11.76 percent. This is a 40.63 percent decrease over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $8.96 million which missed the analyst consensus estimate of $9.30 million by 3.63 percent. This is a 34.17 percent decrease over sales of $13.61 million the same period last year.
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SWK Holdings (NASDAQ:SWKH) is set to give its latest quarterly earnings report on Thursday, 2023-11-09. Here's what investors need to know before the announcement. Analysts estimate that SWK Holdings will report an earnings per share (EPS) of $0.34. SWK Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.03, which was followed by a 0.37% increase in the
SWK Holdings (NASDAQ:SWKH) reported quarterly earnings of $0.31 per share. This is a 82.35 percent increase over earnings of $0.17 per share from the same period last year. The company reported $9.50 million in sales this quarter. This is a 36.80 percent increase over sales of $6.94 million the same period last year.
On Monday, 149 companies reached new 52-week lows. Noteable 52-Week Lows: The largest company by market cap to hit a new 52-week low was NextEra Energy (NYSE:NEE). The smallest company by market cap to hit a new 52-week low was Esports Entertainment (NASDAQ:GMBL). Bionano Genomics (NASDAQ:BNGO) saw the most pronounced move, as shares traded down 842.14% to hit its new 52-week low. Northwest Natural Hldg (NYSE:NWN) shares actually gained 0.0%, rebounding after it reached its 52-week low. Here are all the stocks that set new 52-week lows on Monday: NextEra Energy (NYSE:NEE) shares fell to $68.94 on Monday, setting a new 52-week low with a shift of down 0.21%. Estee Lauder Cos (
On Monday, 27 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Apellis Pharmaceuticals (NASDAQ:APLS). Esports Entertainment (NASDAQ:GMBL) was the smallest company by market cap to set a new 52-week low. Theratechnologies (NASDAQ:THTX)'s stock came under the most pressure, trading down 252.48% to reach a new 52-week low. Artesian Resources (NASDAQ:ARTNA) shares bounced back the most, actually rising 0.04% after hiting a new 52-week low. The following stocks set new 52-week lows on Monday: Apellis Pharmaceuticals (NASDAQ:APLS) shares moved down 18.14% on Monday to hit a new 52-week low of $2
Wednesday saw 59 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was TC Energy (NYSE:TRP). China SXT Pharmaceuticals (NASDAQ:SXTC) was the smallest company by market cap to set a new 52-week low. AppHarvest (NASDAQ:APPH)'s stock fell the most, as it traded down 19.83% to reach a new 52-week low. XOMA (NASDAQ:XOMA)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. Stocks dropping to new 52-week lows on Wednesday: TC Energy (NYSE:TRP) shares were up 0.49% for the day, having made a 52-week low of $36.44. Apellis Pharmaceuticals (NASDAQ:APLS) stoc