XSHLF - Los Angeles Finance Co. Achieves Record Q3 Performance Generates $209.6M Eyes Strategic Growth In 2024 | Benzinga
XS Financial Inc. (CSE: XSF) (OTCQB: XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the U.S. reported robust financial performance for Q3 ending September 30th, 2023.
All figures are in U.S. dollars unless otherwise noted.
See Also: Canadian Cannabis Co. Entourage Health Q3 Revenue Slides 8.8% YoY - But Margins Sore, Losses Decline
Q3/23 Financial Highlights
- The company experienced a significant 41% YoY increase in Q3 revenue, reaching $2.9 million compared to $2.1 million in Q3/22.
- Gross lease receivables saw an impressive 56% YoY increase to $113.1 million in Q3/23, up from $99.1 million in Q3/22.
- Net distributable earnings showed an 11% YoY improvement, reaching $209,000 in Q3/23 compared to $189,000 ...