Manhattan Bridge Capital Inc

NASDAQ:LOANUnited States

Oct 23, 2024

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• -- Earnings Flash (LOAN) MANHATTAN BRIDGE CAPITAL Reports Q3 Revenue $2.3M, from 7:06AM ET on Wednesday Oct 23, 2024 by MT Newswires

  7:06AM ET on Wednesday Oct 23, 2024 by MT Newswires
  Companies Mentioned: LOAN
  07:06 AM EDT, 10/23/2024 (MT Newswires) -- ...

• -- Earnings Flash (LOAN) MANHATTAN BRIDGE CAPITAL Posts Q3 EPS $0.12, from 7:06AM ET on Wednesday Oct 23, 2024 by MT Newswires

  7:06AM ET on Wednesday Oct 23, 2024 by MT Newswires
  Companies Mentioned: LOAN
  07:06 AM EDT, 10/23/2024 (MT Newswires) -- ...

• Manhattan Bridge Capital, Inc. Reports Third Quarter 2024 Results, from 7:05AM ET on Wednesday Oct 23, 2024 by Dow Jones

  7:05AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: LOAN
  assets and liabilities: Interest and other fees receivable on loans (140,738) 14,128 Other assets (35,005) (38,381) Accounts payable and accrued expenses (83,505) (53,682) Deferred origination fees (100,207) 1,167 Net cash provided by operating activities 4,004,921 4,136,768 ------------------------- ------------------------- Cash flows from investing activities: Issuance of short-term loans (29,362,922) (40,810,565) Collections received from loans 33,749,887 44,512,989 Purchase of fixed assets (4,018) (5,085) Net cash provided by investing activities 4,382,947 3,697,339 ------------------------- ------------------------- Cash flows from financing activities: Repayment of line of credit, net (5,982,070) (3,561,140) Dividends paid (3,917,963) (4,019,478) Purchase of treasury shares (9,800) (185,691) Deferred financing costs incurred (2,167) (38,191) Net cash used in financing activities (9,912,000) (7,804,500) ------------------------- ------------------------- Net (decrease) increase in cash (1,524,132) 29,607 Cash and cash - restricted, beginning of period* 1,691,995 103,540 ------------------------- ------------------------- Cash, end of period $ 167,863 $ 133,147 ========================= ========================= Supplemental Disclosure of Cash Flow Information: Cash paid during the period for taxes $ 650 $ 650 ========================= ========================= Cash paid during the period for interest $ 1,816,980 $ 1,797,254 ========================= ========================= Cash paid during the period for operating leases $ 47,779 $ 47,822 ========================= ========================= Supplemental Schedule of Noncash Financing Activities: Dividend declared and payable $ 1,315,445 $ 1,288,753 ========================= ========================= Loan holdback relating to mortgage receivable $ 50,000 $ --- ========================= =========================
  

• *DJ Manhattan Bridge Capital 3Q EPS 12c >LOAN, from 7:05AM ET on Wednesday Oct 23, 2024 by Dow Jones

  7:05AM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: LOAN