SWK Holdings Corporation Reports Second Quarter 2024 Financial Results

SWK Holdings Corporation announced its financial results for the second quarter of 2024. GAAP net income was $4.4 million, up from $3.9 million in Q2 2023. Adjusted non-GAAP net income for the finance receivables segment fell to $6.5 million from $7.6 million in the same period last year.

As of June 30, 2024, net finance receivables increased by 19% to $265.5 million, and the effective yield rose by 10 basis points to 14.6%. Non-GAAP tangible financing book value per share also grew by 6.3% to $20.17.

The company's revenue increased by 21.1% to $11.5 million, compared to $9.5 million in Q2 2023. Income before tax remained stable at $5.4 million. The GAAP book value per share reached $22.75 on June 30, 2024, reflecting a 4.4% rise.