Manhattan Bridge Capital First Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.11 in 1Q 2023)

Manhattan Bridge Capital (NASDAQ:LOAN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.88m (up 7.5% from 1Q 2023).
• Net income: US$1.48m (up 17% from 1Q 2023).
• Profit margin: 78% (up from 72% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$0.13 (up from US$0.11 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Manhattan Bridge Capital's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Manhattan Bridge Capital has 3 warning signs (and 2 which are a bit unpleasant) we think you should know about.

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