Lendway Names Elizabeth McShane As CFO
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SC 13D/A - LENDWAY, INC. (0000875355) (Subject)
4 - LENDWAY, INC. (0000875355) (Issuer)
4 - LENDWAY, INC. (0000875355) (Issuer)
4 - LENDWAY, INC. (0000875355) (Issuer)
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.
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.
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
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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