Western Capital Resources, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 06:14 pm
Share
Western Capital Resources, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 24.517 million compared to USD 24.360 million a year ago. Operating income was USD 127,683 compared to operating loss of USD 1.357 million a year ago. Net loss was USD 49,692 compared to USD 1.172 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.12 a year ago. For the nine months, total revenue was USD 84.631 million compared to USD 84.599 million a year ago. Operating income was USD 3.162 million compared to operating loss of USD 1.557 million a year ago. Net income was USD 2.131 million compared to net loss of USD 1.430 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to basic loss per share from continuing operations of USD 0.15 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. 
