Core Viewpoint - Manhattan Bridge Capital, Inc. reported a decrease in net income for the three months ended September 30, 2024, primarily due to a reduction in revenue from loans and origination fees, despite a decrease in interest expense [1][2]. Financial Performance - For the three months ended September 30, 2024, net income was approximately $1,399,000, or $0.12 per share, compared to $1,446,000, or $0.13 per share for the same period in 2023, reflecting a decrease of $47,000, or 3.3% [1]. - Total revenues for the same period were approximately $2,313,000, down from $2,434,000 in 2023, a decrease of $121,000 or 5.0% [2]. - For the nine months ended September 30, 2024, net income increased to approximately $4,285,000, or $0.37 per share, compared to $4,128,000, or $0.36 per share in 2023, an increase of $157,000, or 3.8% [3]. - Total revenues for the nine months ended September 30, 2024, were approximately $7,330,000, an increase of $99,000, or 1.4% from $7,231,000 in 2023 [4]. Revenue Breakdown - For the three months ended September 30, 2024, interest income from loans was approximately $1,953,000, while origination fees were approximately $360,000 [2]. - For the nine months ended September 30, 2024, interest income from loans was approximately $6,128,000, and origination fees were approximately $1,201,000 [4]. Balance Sheet Highlights - As of September 30, 2024, total stockholders' equity was approximately $43,271,000 [5]. - Total assets were approximately $70,702,003, down from $76,434,886 as of December 31, 2023 [7][8]. - Total liabilities decreased to $27,431,084 from $33,502,180 [8]. Market Context - The CEO noted that a recent 0.5% reduction in interest rates has generated optimism among real estate investors, although the high-interest environment had previously slowed down new loan originations [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________________________ to ____________________________ Commission File Number: 000-25991 MANHATTAN BRIDGE CAPITAL, INC. (Exact name of reg ...

GREAT NECK, N.Y., July 29, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024. ...

GREAT NECK, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the "Company") announced today that its total revenues for the three months ended June 30, 2024 were approximately $2,443,000 compared to approximately $2,399,000 for the three months ended June 30, 2023, an increase of $44,000, or 1.8%. The increase in revenue was due to higher interest rates charged on the Company's commercial loans, partially offset by a reduction in loans receivable, period over period, an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MANHATTAN BRIDGE CAPITAL, INC. (Exact name of registrant as specified in its charter) (Former name, former address and former fiscal year, if changed since last report) (Mark One) or Commission File Number: 000-25991 60 Cutter Mill Road, Great Neck, New York ...

Loan amended to be all non-current status, improving VivoPower's balance sheet profile As part of the amended terms, VivoPower has consolidated all of its shareholder loans at VivoPower International PLC level, as well as amending all of the outstanding loans to non-current status. This improves the balance sheet profile of VivoPower. VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet ...

GREAT NECK, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced today that, in accordance with the board approved dividend declared on March 12, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on July 10, 2024. The dividend will be paid on July 15, 2024. Contact: Assaf Ran, CEO (516) 444-3400 SOURCE: Manhattan Bridge Capital, Inc. ...

GREAT NECK, N.Y., April 23, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced today that its net income for the three months ended March 31, 2024 was approximately $1,476,000, or $0.13 per share (based on approximately 11.4 million weighted-average outstanding common shares), compared to approximately $1,260,000, or $0.11 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the three months ended March 31, 2023, an increase of $216,000 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________________ to _____________________________________ Commission File Number: 000-25991 (Address of principal executive offices) (516) 44 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-25991 MANHATTAN BRIDGE CAPITAL, INC. New York 11-3474831 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 60 Cutter Mil ...