0001079973-26-000636
SEC filingQ1 delivered profitable growth with revenue up 14.5% to $3.3M and net income rising 21.5% to $408K, supported by strong operating cash flow of $2.3M that funds expansion amid enhanced borrowing capacity.
The company monitors key financial and operating metrics to assess performance and project future results, including non-GAAP measures like Cost of Funds Rate, Net, which aids in comparing capital costs across sources. Gross Cost of Funds Rate is calculated as interest expense divided by average debt outstanding. Investors should refer to Liquidity and Capital Resources for details on the financing strategy enabling this scale.
Looking ahead, management believes current liquidity is adequate to finance operations and meet obligations over the next twelve months, even accounting for risks and uncertainties. As growth patterns continue, a larger line of credit remains essential to fuel expansion, underscoring the importance of sustained access to capital for sustaining momentum in premium finance lending.