Western Capital Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 05:38 pm
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Western Capital Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 29.54 million compared to USD 28 million a year ago. Revenue was USD 36.41 million compared to USD 34.72 million a year ago. Net income was USD 0.992635 million compared to USD 1.16 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.12 a year ago.
For the nine months, sales was USD 104.65 million compared to USD 96.39 million a year ago. Revenue was USD 124.5 million compared to USD 116.15 million a year ago. Net income was USD 9.3 million compared to USD 7.93 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to USD 0.83 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. 
