SHF Holdings, Inc. (NASDAQ:SHFS) 2023 Q4 Financial Results Call Record April 1, 2024
SHF Holdings isn't among the 30 most popular stocks among hedge funds at the end of the third quarter (see the details).
operator: Hello. Welcome to the Safe Harbor Financial Fourth Quarter 2023 Earnings Conference. Please note that this call is being recorded. All participants are now in listen-only mode. There will be a question and answer session after the speakers' statements. [Operator Instructions]. Switch the phone to Erica Kay. Feel free to start the meeting.
Erica Kay: thank you. Hello everyone. Welcome to Safe Harbor Financial's fourth quarter and full year 2023 earnings conference call. Before we begin, please note that today's statements contain forward-looking statements, including statements regarding the Company's outlook and expectations regarding market opportunities and other financial and operational matters. Each of the forward-looking statements discussed on today's conference call involves risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. Actual results and the timing of certain events may differ materially from the results or timing anticipated or implied by such forward-looking statements, and reported results should not be considered as indicative of future performance. You shouldn't.
Additional information regarding these factors can be found under the heading “Risk Factors” in the Company's filings with the Securities and Exchange Commission or the SEC and is available at www.sec.gov and on the Company's website ir.shfinancial.org Available at: The forward-looking statements in this conference call speak only as of the date hereof, and the Company undertakes no obligation to update or revise these statements. Safe Harbor will also present both GAAP and non-GAAP financial measures during the conference call. Reconciliations of non-GAAP measures to GAAP measures are included in today's earnings press release and are available on our Investor Relations website or the SEC website. All dollar amounts currently displayed are in US currency. Today's speaker is Sandy Seefried, CEO. Jim Dennedy, Chief Financial Officer, SafeHarbor;
Now give the phone to Sandy. Sandy, please.
Sandy Seefried: Thank you, Erica. Welcome to the 2023 year-end financial results briefing. 2023 was another strong year for safe harbor financial growth, with his record earnings of $17.56 million, an 85.3% increase from his $9.48 million in 2022. In addition to continued year-on-year growth, we have improved our position with impact. We are a one-stop financial services center for cannabis-related businesses nationwide, building a wide range of compliant financial products and services. We are also pleased to report that we have reached a stage of evolution in which we have optimized our fintech platform to provide multiple high-margin revenue streams that we expect will significantly contribute to our future growth. . Our success in expanding our platform with new credit and deposit tools continues to differentiate Safe Harbor from our competitors and builds on our expertise and experience in this complex segment of the financial industry. We have further demonstrated our value.
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