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TORONTO, April 29, 2024 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“hampton” or “company”, TSXV:HFC) today announced its financial results for the fiscal year ending March 2018.n.d. Quarter ended February 29thth2024.
Second quarter financial highlights:
Second quarter ends February 29thth2024.
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Second quarter revenue was $1,864,000.25% decrease compared to previous year
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Net loss for the second quarter was $(751,000) or $(0.02) per share.17% improvement compared to previous year
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EBITDA for the second quarter was $(441,000) compared to year-ago EBITDA of $(437,000).
Overview of company development:
company 2N.D. The quarterly results reflect a challenging environment across the financial services industry, with many financings and broader financial decisions on the part of issuers continuing to be delayed amid rising interest rates and global uncertainty. ing. Although there are signs of improvement in 2024, the year ahead for Hampton's core business remains uncertain.
“Second quarter results continue to show that the industry-wide economic slowdown continues into the first half of calendar 2024. As interest rates stabilize, capital market activity also begins to improve, leading to a strong second half of the year.” I hope that it will become.” We remain optimistic about our balance for the fiscal year. I am happy to announce the following after the end of the second session.n.d. During the quarter, we completed our acquisition of Oxygen Working Capital. The integration of this new commercial lending division into the broader Hampton Group has been completed and we expect it to make a positive contribution to our future financial performance. We also see this as a great opportunity to strengthen our capital markets offering with additional funding for early and mid-stage companies.'' said Peter Deeb, Hampton's executive chairman and CEO.
A copy of Hampton's unaudited interim financial statements and management's discussion and analysis for the six months ended February 29, 2024 may be accessed on SEDAR+ at www.sedar.com.
About Hampton Financial Corporation
Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments.
Through HSL, Hampton is active in family office, asset management, institutional services, and capital markets activities. HSL is a full-service investment dealer regulated by the CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, the Northwest Territories, Ontario and Quebec. In addition, through HSL, we provide investment banking services such as supporting corporate financing, advising on mergers and acquisitions, and assisting issuers in obtaining listings on recognized stock exchanges in Canada and abroad. Finance Group is an early adopter. When a company grows its capital, it needs to create value for investors. HSL continues to develop its Wealth Management, Advisory Team, and Principal Agent Program to provide the industry's most experienced wealth managers with more freedom, financial support, and tax savings as they build and manage their professional practices We provide a unique and flexible operational platform for
The Company provides working capital and other financing solutions to early- and mid-stage small and medium-sized businesses across Canada through its commercial lending and leasing subsidiary, Oxygen Working Capital Corp., which was acquired at the end of the second quarter.
We also seek opportunities to diversify our revenue streams through strategic investments in both complementary business units and non-core businesses that can leverage the expertise of our Board of Directors and the diverse experience of our management team.
For more information, please contact us below.
Olga Zhuravlev
CFO
Hampton Financial Corporation
(416) 862-8701
or
Peter M. Deeb
Representative Director, Chairman and CEO
Hampton Financial Corporation
(416) 862-8651
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No securities regulatory authority has approved or disapproved this content. press release. This press release does not constitute an offer or solicitation to: buying or selling securities in the United States or any other jurisdiction outside of Canada;of The securities offered are not and will not be registered in the United States The Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state. May not be offered or sold in the United States or to United States persons. In the absence of registration or pursuant to available exemptions from registration requirements. U.S. Securities Laws and Applicable State Securities Laws.No public recruitment will be held. US securities.
Forward-looking statements
This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “”).Forward-looking statements“) Within the meaning of applicable Canadian securities laws, this includes information and statements concerning or inferring future business, operations, financial performance, prospects, or other plans, intentions, expectations, estimates, beliefs. All statements other than current or historical facts about the Company may, but are not limited to, are forward-looking statements. Words such as “recovering” and “recovering” are used. , “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continue”, “in progress”, “estimate”, “outlook” ”, “expect”, “”, “may”, “will”, “plan” or similar words, including their negatives, that suggest future results.
Forward-looking statements involve and are subject to assumptions, known and unknown risks, uncertainties and other factors that are beyond our ability to predict or control, and therefore may Results, performance and achievements may differ materially from those in the future. events, results, performance or achievements expressed or implied by the forward-looking statements contained herein; Forward-looking statements are not guarantees of future performance. Although the Company believes that the forward-looking statements herein are reasonable, the Company believes that such forward-looking statements are accurate given the use of assumptions and the significant risks and uncertainties inherent in such statements. There is no guarantee. Actual results may differ, and may differ materially, from those expressed or implied by the forward-looking statements herein. Accordingly, readers are encouraged to rely on their own assessment of the risks and uncertainties inherent in the forward-looking statements herein and should not place undue reliance on such forward-looking statements. All forward-looking statements contained herein are qualified by this cautionary statement. The forward-looking statements in this document are made only as of the date hereof, and we undertake no obligation to update or revise any forward-looking statements in this document, except as required by applicable law. and disclaims any intention to update the reasons for actual events. or results may differ from those anticipated in the forward-looking statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable law. could be or actually be different.
