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Lendway, Inc. - $LDWY STOCK NEWS

Welcome to our dedicated page for Lendway news (Ticker: $LDWY), a resource for investors and traders seeking the latest updates and insights on Lendway stock.

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Lendway, Inc. announced the appointment of Elizabeth McShane as the Chief Financial Officer, effective May 20, 2024. McShane brings extensive financial experience to the company, previously working at Regis and KPMG. The CEO and Board of Directors expressed excitement about her joining, highlighting her leadership qualities. The company's acquisition of Bloomia signifies a new growth phase in the specialty ag and finance sector, with McShane aiming to enhance operational efficiencies for shareholder value creation.

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Rhea-AI Summary
Lendway, Inc. (NASDAQ:LDWY) announced financial results for Q4 and full year 2023, transitioning into specialty agriculture and non-bank lending. The company acquired Bloomia B.V., a tulip producer, for $47.5 million. Bloomia's net sales for 2023 were $45.0 million, showing growth. However, the non-bank lending business faced challenges in closing deals due to resource constraints. Operating expenses for continuing operations were $536,000 and $3,519,000 for Q4 and full year 2023. Lendway reported income from discontinued operations of $2,474,000 in 2023, down from $12,340,000 in 2022, impacted by a litigation settlement in 2022. The company had cash and cash equivalents of $16,077,000 at the end of 2023, used for the Bloomia acquisition.
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Lendway, Inc. (LDWY) broadens its mission as a specialty ag and finance company by acquiring a majority stake in Bloomia B.V., a leading fresh cut tulip producer. The $47.5 million cash acquisition accelerates Lendway's growth strategy, with Tulp 24.1, LLC now holding an 81.4% interest in Bloomia. The deal was financed through a mix of credit facilities and bridge loans. Lendway aims for significant value creation for stockholders and plans to explore further growth opportunities in related industries.
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30.63%
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Lendway, Inc. (NASDAQ:LDWY) reported Q3 2023 financial results, highlighting the establishment of a non-bank lending business focused on real estate loans for agricultural purposes. The company plans to expand its product offerings over time and is seeking to establish loan origination channels in Minnesota and nearby states. Q3 2023 results showed a shift in operations with minimal revenue and anticipated losses from continuing operations for the remainder of the year. Lendway also announced its exploration of strategic options to maximize stockholder value.
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Lendway, Inc. announces new stock repurchase program of up to 400,000 shares
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17.6%
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Lendway, Inc. announces the sale of its in-store marketing business and pivot to non-bank lending. Randy Uglem appointed as CEO.
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Lendway, Inc.

Nasdaq:LDWY

LDWY Rankings

LDWY Stock Data

10.12M
1.01M
42.33%
10.09%
0.85%
Advertising Material Distribution Services
Professional, Scientific, and Technical Services
Link
United States of America
MINNEAPOLIS

About LDWY

founded in 1990 on an idea born from industry experts, today insignia systems is one of the most innovative and effective in-store media companies in the industry. backed by 25 years of industry expertise, insignia is trusted by the many of the most respected companies in the world to help compete in today's fierce retail setting. insignia systems provides leading-edge media and digital solutions to retail and consumer packaged goods industries. while our primary channel is grocery, we serve mass, pharmacy and dollar formats as well. we supply our clients with strategic, in-store signage programs and solutions needed to raise awareness, compete effectively and turn shoppers into customers. all of our offerings can be individually tailored to meet the diverse needs of our client base. our company’s national distribution and broad reach enables us to be where your customers are yet we're small enough to truly care, providing world-class customer service when called upon. the respect we h