CV Holdings, Inc. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2018
May 01, 2019 at 02:00 pm EDT
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CV Holdings, Inc. reported audited consolidated earnings results for the year ended December 31, 2018. For the year, the company reported total revenue of $8,641,386 compared to $4,402,500 a year ago. Income from operations was $362,204 compared to loss of $3,228,996 a year ago. Net loss was $9,283,272 compared to $8,632,456 a year ago. Diluted loss per share was $0.13 per share.
CV Holdings, Inc. is a holding company for several finance-related businesses. The Company, through its subsidiaries, holds various types of investment assets, including loans receivable, finance leases and commercial Collateralized Debt Obligations (CDO) interests. The Company owns and operates a commercial real estate lending business through CV Capital Funding, LLC (CVCF); small ticket finance and leasing business through Centra Funding, LLC (Centra); a venture equipment finance and leasing business through VenSource Management, LLC (VenSource); and a residential nonperforming loan (NPL) servicer and asset manager through LongVue Mortgage Capital, Inc. (LongVue). The various operating businesses are owned by the Companyâs taxable real estate investment trust (REIT) subsidiary, RFC TRS, Inc. (TRS), while the portfolio investments are held through other subsidiaries outside TRS. The Companyâs primary businesses include CVCF, Centra and VenSource.
CV HOLDINGS, INC. 
