NEW YORK (AP) _ Medallion Financial Corp. (MFIN) on Monday reported a third-quarter loss of $23.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 97 cents.

The business development company posted revenue of $38.4 million in the period. Its adjusted revenue was $30 million.

The company's shares closed at $2.63. A year ago, they were trading at $6.84.

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