Nicholas Financial(NICK)
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Nicholas Financial(NICK) - 2026 Q2 - Quarterly Report
2025-11-14 21:24
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2025 ☐ 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: 0-26680 OLD MARKET CAPITAL CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdict ...
Nicholas Financial(NICK) - 2026 Q2 - Quarterly Results
2025-11-14 21:24
FOR IMMEDIATE RELEASE Ph # (531) 867-3496 Website: www.oldmarketcapital.com Exhibit 99.1 1601 Dodge St., Suite 3350 Omaha, NE 68102 Old Market Capital Contact: Charles Krebs, CFO NASDAQ: OMCC Old Market Capital Announces 2nd Quarter Fiscal Year 2026 Results November 14, 2025 – Omaha, Nebraska – Old Market Capital Corporation (NASDAQ: OMCC) (the "Company", "we", "our") announced its financial results for the three months ended September 30, 2025, in connection with filing its Quarterly Report on Form 10-Q wi ...
OUTFRONT MEDIA APPOINTS GLOBAL MEDIA EXECUTIVE NICK BRIEN AS CEO AND BOLSTERS BOARD WITH MAGNITE'S MICHAEL BARRETT AND NETFLIX'S NICOLLE PANGIS
Prnewswire· 2025-08-21 22:25
Core Insights - Nick Brien has been appointed as interim CEO of OUTFRONT Media, bringing strong leadership and industry expertise to accelerate the company's growth and transformation [1][2] - The board has been expanded with the addition of Nicolle Pangis and Michael Barrett, enhancing OUTFRONT's strategic guidance and expertise in media [3][4] Leadership and Strategic Direction - Brien emphasizes the importance of out-of-home advertising in building consumer trust and engagement, especially in a digital-dominated landscape [2] - OUTFRONT is modernizing operations and investing in technology to unlock growth and create shareholder value [2][4] - Recent organizational changes include the hiring of Jim Norton and Mark Bonanni as Chief Revenue Officers, aimed at sharpening focus and delivery for advertisers [5] Board Expansion and Expertise - Nicolle Pangis brings experience from Netflix Advertising and adtech, while Michael Barrett leads Magnite, enhancing OUTFRONT's capabilities in programmatic and data-driven media [3][4] - Their expertise will support OUTFRONT in integrating out-of-home inventory into centralized planning systems and optimizing sales processes [4] Company Overview - OUTFRONT Media is a leading out-of-home media company in the U.S., focusing on connecting brands with audiences through various formats including billboards and digital displays [6] - The company is defining a new era of in-real-life marketing, leveraging public spaces for creativity and cultural relevance [6]
Nicholas Financial(NICK) - 2026 Q1 - Quarterly Report
2025-08-14 20:00
Revenue Growth - Total revenue for the three months ended June 30, 2025, was $3.0 million, a 520% increase from $0.5 million in the same period of 2024, primarily due to the acquisition of Amplex[162]. - Wireless internet services revenue increased by 424% to $1.7 million, while fiber internet services revenue rose by 777% to $0.9 million for the three months ended June 30, 2025[162]. - The acquisition of Amplex has enabled the Company to provide additional services, including VOIP and video streaming, enhancing its revenue-generating capabilities[162]. Expenses and Income - General and administrative expenses decreased by 41% to $2.2 million for the three months ended June 30, 2025, compared to $3.8 million in the same period of 2024[167]. - Operating income for the three months ended June 30, 2025, was impacted by the consolidation of Amplex, making year-over-year comparisons not directly comparable[162]. - Total operating expenses for the three months ended June 30, 2025, were $4.0 million, a slight decrease of 1% from $4.1 million in the same period of 2024[164]. Cash Flow - Net cash provided by operating activities was $0.9 million for the three months ended June 30, 2025, compared to a net cash used of $0.4 million in the same period of 2024[173]. - The Company reported a decrease in emigration tax expense to $0 million for the three months ended June 30, 2025, down from $1.7 million in the same period of 2024[170]. Acquisition Details - The Company acquired 51% of Amplex on June 15, 2024, and increased its ownership to 60.9% by December 2024 through additional investments totaling $4.5 million[158][159]. - The company revised its critical accounting policies related to the acquisition of Amplex, which closed on June 15, 2024[184]. - Business combinations are accounted for using the acquisition accounting method, requiring fair value determination of identifiable assets and liabilities[185]. Loan and Financing - Amplex entered into a secured loan agreement for up to $21.3 million to finance broadband infrastructure in rural areas[177]. - The loan has an interest rate of 2% per annum, with payments deferred for three years until October 31, 2027[178]. - Loan proceeds are restricted and held in a pledged deposit account, classified under prepaid expenses and other current assets[179]. - The loan is secured by all of Amplex's assets and includes covenants such as maintaining positive cash flow by year five[179]. Accounting and Reporting - The company tests goodwill and indefinite-lived intangible assets for impairment annually or when triggering events occur[188]. - No impairment charges were recorded during the periods presented[189]. - There are no off-balance sheet arrangements currently reported by the company[181]. - The company has not disclosed any significant developments or market risks in the current report[182][191].
Nicholas Financial(NICK) - 2026 Q1 - Quarterly Results
2025-08-14 20:00
Revenue Growth - Total revenue for the three months ended June 30, 2025, was $3.034 million, a 520.4% increase compared to $489,000 in the same period of 2024[12] - Wireless Internet Services revenue increased to $1.672 million from $319,000, while Fiber Internet Services revenue rose to $930,000 from $106,000[5] Net Loss and Earnings - Net loss attributable to common shareholders from continuing operations was $748,000, significantly improved from a loss of $3.302 million in the prior year[6] - Basic and diluted net loss per share from continuing operations was $0.12, compared to $0.79 in the same quarter of 2024[6] - Adjusted EBITDA for the telecommunications segment was $665,000, a 227.9% increase from a loss of $520,000 in the previous year[12] Subscriber Changes - Fixed wireless subscribers decreased by 7.7% to 8,400, while fiber subscribers increased by 29.7% to 4,800[12] - Amplex's total broadband subscribers increased to 13,200, with a 30% rise in fiber subscribers since June 30, 2024[15] Expenses and Assets - Depreciation and amortization expenses surged 615% to $572,000, attributed to ongoing installations in the fiber optic business[12] - Total assets as of June 30, 2025, were $78.925 million, up from $77.672 million as of March 31, 2025[9] Government Support - The company has drawn a total of $1.5 million under a government loan agreement to support fiber build-out in Ohio[16]
Nicholas Financial(NICK) - 2025 Q4 - Annual Report
2025-06-27 23:52
Company Transition and Strategy - Old Market Capital Corporation transitioned from a specialized consumer finance company to a holding company focused on broadband and other sectors after restructuring in November 2023[16]. - The company sold substantially all finance receivables and repossessed assets to Westlake Financial, ceasing new loan originations as of April 26, 2024[18]. - The company is exploring acquisitions in various sectors to enhance intrinsic value and is focused on businesses with strong earnings and attractive pre-tax returns[37]. - The company is pursuing additional controlling interests in other companies and sectors following its restructuring in November 2023[108]. Broadband Services and Market Presence - As of March 31, 2025, Amplex Electric Inc. had approximately 13,000 broadband customers, including 4,400 fiber subscribers, and over 12,000 fiber passings completed[20]. - The company aims to expand its presence in the rural broadband sector, leveraging a $21 million loan under the USDA's Rural Utilities Service Reconnect loan program[41]. - Amplex's broadband services target underserved communities in Northwest and North Central Ohio, where demand for high-speed internet is increasing[39]. - The broadband market remains fragmented, presenting opportunities for growth through potential acquisitions of small operators[41]. Financial Performance - The Company generated total revenue of $9.4 million for the fiscal year ended March 31, 2025, a significant increase from $0 in the previous fiscal year, primarily due to services provided by Amplex[115]. - Operating expenses for the fiscal year ended March 31, 2025, totaled $16.3 million, compared to $6.2 million for the fiscal year ended March 31, 2024, reflecting a 161% increase[116]. - General and administrative expenses rose to $10.8 million for the fiscal year ended March 31, 2025, up from $6.2 million in the prior year, primarily due to restructuring expenses related to the Amplex Acquisition[120]. - The net loss attributable to common shareholders for the year was $5,149 million, a significant improvement from a net loss of $20,801 million in the previous year[155]. Employee and Workplace Commitment - As of March 31, 2025, the company employed 82 individuals, with over 98% being full-time employees[50]. - The company is committed to fostering a diverse and inclusive workplace, offering competitive compensation and benefits to support employee well-being[51]. Regulatory and Compliance Risks - Amplex is subject to various federal, state, and local regulations, which could increase compliance costs and impact its ability to maximize revenue potential[58]. - As a publicly traded company, Amplex faces increased legal and compliance costs, which are expected to rise over time[66]. Financial Risks and Liabilities - Future equity capital raises could significantly dilute existing shareholders, impacting their investment value[68]. - Amplex may incur additional debt financing, which could impose restrictive covenants and affect financial flexibility[70]. - Cybersecurity threats pose significant risks to Amplex's operations, with potential impacts on financial condition and customer trust[75]. - The company may incur losses due to asset impairment charges related to goodwill and intangible assets, with annual impairment tests planned[63]. Asset Management and Valuation - The Company has no material commitments for capital expenditures as of March 31, 2025, but plans to fund future acquisitions through cash, debt issuance, or equity[132]. - The acquisition of Amplex was accounted for using the acquisition method, requiring fair value assessments of identifiable assets and liabilities[135][148]. - The Company assesses the fair value of assets acquired and liabilities assumed in business combinations, with any excess consideration recognized as goodwill[175]. Cash Flow and Liquidity - Net cash used in operating activities for the fiscal year ended March 31, 2025, was $(1,900) thousand, a decrease from $1,827 thousand in 2024, primarily due to a decrease in cash provided by discontinued operations of $22.6 million[127][129]. - Cash and cash equivalents rose to $24,516 thousand in 2025 from $18,982 thousand in 2024, indicating improved liquidity[153]. - The company reported a net increase in cash and cash equivalents of $5,847 million for the year ended March 31, 2025, bringing the total to $24,829 million[159]. Shareholder and Dissenting Shares - The company incurred a loss on dissenting shareholders' liability of $1,103 million in 2025[155]. - The Company settled the dissenting shares for $5.6 million at a price of $8.63 per share on September 5, 2024, recognizing a loss of $1.1 million for the fiscal year ended March 31, 2025[198].
Nicholas Financial(NICK) - 2025 Q4 - Annual Results
2025-06-27 22:30
Old Market Capital Corporation Corporate Headquarters 1601 Dodge St., Suite 3350 Omaha, NE, 68102 CFO Ph # (531) 867-3496 Old Market CC Contact: Charles Krebs NASDAQ: OMCC Website: www.oldmarketcapital.com Old Market Capital Announces 4 th Quarter Fiscal Year 2025 Results June 27, 2025 – Omaha, Nebraska – Old Market Capital Corporation (NASDAQ: OMCC) (the "Company", "we", "our") announced its financial results for the fiscal year ended March 31, 2025, in connection with filing its Annual Report on Form 10-K ...
Nickelex Announces Name Change to Paradigm Gold Corporation and Share Consolidation
Newsfile· 2025-04-08 13:30
Nickelex Announces Name Change to Paradigm Gold Corporation and Share ConsolidationApril 08, 2025 9:30 AM EDT | Source: Nickelex Resource CorporationVancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - Nickelex Resource Corporation (TSXV: NICK) (the "Company") reports that it will change its name to "Paradigm Gold Corporation" pursuant to a resolution passed by Directors on March 7, 2025. The Board of Directors has also approved a capital consolidation of the Company's issued and ou ...
Nicholas Financial(NICK) - 2025 Q3 - Quarterly Report
2025-02-14 21:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2024 ☐ 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: 0-26680 OLD MARKET CAPITAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 59-2506879 (State ...
Nicholas Financial(NICK) - 2025 Q3 - Quarterly Results
2025-02-14 14:00
Financial Performance - The company reported a net loss attributable to common shareholders of $0.1 million for Q3 FY2025, a significant improvement from a net loss of $11.7 million in Q3 FY2024, resulting in a basic and diluted net loss per share of $0.04 compared to $1.60 in the prior year [2][4]. - For the nine months ended December 31, 2024, the company reported a net loss of $4.1 million, compared to a net loss of $20.6 million for the same period in 2023, with a basic and diluted net loss per share of $0.64 versus $2.83 [4][5]. - Amplex generated $3 million in revenue and $261,000 in net income during Q3 FY2025, contributing to the overall financial performance of the company [7]. Operating Expenses - Total operating expenses from continuing operations increased by 106% to $3.7 million for Q3 FY2025, up from $1.8 million in Q3 FY2024, primarily due to ongoing costs associated with Amplex and restructuring activities [3]. - Total operating expenses for the nine months ended December 31, 2024, rose by 145% to $12 million, compared to $4.9 million in the same period of 2023, driven by depreciation, general administrative expenses, and professional fees related to the acquisition of Amplex [5]. Balance Sheet - The company’s book value per share increased to $8.11 as of December 31, 2024, compared to $8.07 at March 31, 2024 [7]. - Total assets increased to $79.5 million as of December 31, 2024, compared to $59.8 million at March 31, 2024, reflecting growth in cash and cash equivalents and intangible assets [14]. - Shareholders' equity decreased to $53.9 million as of December 31, 2024, down from $58.8 million at March 31, 2024, indicating a shift in the company's financial position [14]. Strategic Initiatives - The company entered into a $21.3 million Reconnect Program Loan with the Federal government, with $0.6 million drawn down for the three months ending December 31, 2024, at an interest rate of 2% per annum [6]. - The company is pursuing additional controlling interests in other companies and sectors following its restructuring in 2024, transitioning from a specialized consumer finance company to a holding company [8].