Western Capital Resources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 06:20 pm
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Western Capital Resources, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 43.908 million compared to USD 45.786 million a year ago. Operating income was USD 6.532 million compared to USD 7.140 million a year ago. Net income was USD 4.394 million compared to USD 5.050 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.53 a year ago. For the half year, total revenue was USD 88.094 million compared to USD 81.433 million a year ago. Operating income was USD 12.498 million compared to USD 9.815 million a year ago. Net income was USD 8.304 million compared to USD 6.764 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 0.7 a year ago.
Western Capital Resources, Inc. is a holding company. The Company's segments are Cellular Retail, Direct to Consumer, Manufacturing and Consumer Finance. The Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. The Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories under the Jackson & Perkins, Park Seed and Wayside Gardens brands, and home improvement and restoration products operating under the Van Dyke's Restorers brand. The Manufacturing segment consists of Swisher Acquisition, Inc., a manufacturer of lawn and garden power equipment and emergency safety shelters. The Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.
WESTERN CAPITAL RESOURCES, INC. 
