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XS Financial (XSF) investor relations material

XS Financial Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2024 earnings summary29 Aug, 2024

Executive summary

  • Reported Q2 2024 results with revenues of $2.39M, down from $2.99M in Q2 2023, due to fewer new leases added year-over-year.

  • Net loss narrowed to $492K in Q2 2024 from $1.68M in Q2 2023, reflecting lower operating and other expenses.

  • Net distributable earnings were ($252K) in Q2 2024, a 24% decrease year-over-year.

  • Provided an update on the pending privatization transaction with XS Acquisition Portfolio LLC.

Financial highlights

  • Revenues decreased 20% year-over-year to $2.39M in Q2 2024.

  • Operating expenses fell to $1.00M from $1.49M year-over-year.

  • Other expenses declined to $1.88M from $3.17M, mainly due to lower non-cash accretion and financing expenses.

  • Net loss per share improved to $0.00 from ($0.02) year-over-year.

Outlook and guidance

  • Forward-looking statements highlight potential for additional leasing opportunities but caution on risks and uncertainties.

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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
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Eferix Drawings Google Play
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Frequently asked questions

XS Financial Inc. is a specialty finance company that provides competitively priced, non-dilutive capital expenditure (CAPEX) financing solutions primarily to businesses operating within the U.S. cannabis industry. Founded in 2017, the company offers financing for equipment and other qualified capital expenditures to cannabis companies, including cultivators, processors, manufacturers, and testing laboratories. XS Financial collaborates with over 200 original equipment manufacturers through its Preferred Vendor partnerships, providing an end-to-end solution for its customers. The company is headquartered in Los Angeles, CA, and its shares are listed on the CSE.

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