Western Capital Resources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 14, 2019 at 01:47 pm EDT
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Western Capital Resources, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 30.156 million compared to USD 29.780 million a year ago. Operating income was USD 1.545 million compared to operating loss of USD 53,628 a year ago. Net income was USD 1.131 million compared to net loss of USD 86,549 a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, total revenue was USD 60.114 million compared to USD 60.239 million a year ago. Operating income was USD 3.034 million compared to operating loss of USD 199,467 a year ago. Net income was USD 2.181 million compared to net loss of USD 257,566 a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to basic loss per share from continuing operations of USD 0.03 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. 