Cannabis-Focused Finance Company Silver Spike Reports Higher Q2 Net Income, Declares Dividend
Cannabis-Focused Finance Company Silver Spike Reports Higher Q2 Net Income, Declares Dividend
Silver Spike Investment Corp. (NASDAQ:SSIC), a specialty finance company that has elected to be regulated as a business development company, reported its financial results Thursday for the second quarter of the year. The New York-based company disclosed total investment income of $3.1 million, compared to $2.9 million in the same quarter of 2023.
Silver Spike Investment Corp.(納斯達克:SSIC)是一家專業金融公司,已選擇成爲註冊爲商業發展公司,週四公佈了今年第二季度的財務業績。這家總部位於紐約的公司披露了310萬美元的總投資收入,相比之下,2023年同期爲290萬美元。
"While there remains some uncertainty around federal cannabis regulatory reform in the near-term, we have seen positive momentum at the state level, with several meaningful catalysts expected over the coming months," Scott Gordon, chairman and chief executive officer of the company stated. "Larger scaled cannabis operators and certain cannabis brands have performed well in what remains a generally difficult operating environment for cannabis companies. As expected, we have recently seen an increase in debt capital markets activity, a trend that we expect to continue and one that we believe that we are well-positioned to take advantage of. The company's existing portfolio has performed well against the challenging cannabis market backdrop, and we are pleased to announce another quarterly dividend of $0.25."
公司董事長兼首席執行官Scott Gordon 表示:「雖然聯邦大麻監管改革仍存在某些不確定性,但我們已經看到一些積極的動力在州屬層面上發揮作用,並且在未來幾個月中預計會有一些重要因素。」 「較大規模的大麻運營商和某些大麻品牌在仍然是對大麻公司而言相對困難的經營環境中表現良好。正如我們預期的那樣,我們最近看到了債務資本市場活動的增加,這是我們預計會繼續的一個趨勢,也是我們認爲我們處於有利地位的趨勢。公司現有的投資組合在具有挑戰性的大麻市場背景下表現良好,我們很高興宣佈另一筆季度股息爲0.25美元。」
Q2 Financial Summary
Q2財務總結
- Net investment income of $1.5 million, or $0.25 per share, compared to $1.9 million or $0.31 per share in the corresponding quarter of 2023.
- Net asset value per share decreased from $13.60 on March 31, 2024 to $13.56 on June 30, 2024. Silver Spike attributed this decline to dividend payments.
- A cash dividend of $0.25 per share was declared. The dividend is payable on September 27, 2024 to stockholders of record on September 19, 2024.
- Investment portfolio amounted to $53.4 million, comprising $44.3 million in secured loans in four portfolio companies, $8.3 million in secured notes in two portfolio companies, and $0.8 million of equity in one portfolio company. In the first quarter of the year, the investment portfolio was $54.8 million.
- Total net assets as of June 30, 2024 were $84.3 million, compared to $84.5 million as of March 31, 2024.
- As of June 30, 2024, there were no loans on non-accrual status.
- 淨投資收入爲150萬美元,每股0.25美元,與2023年同期的每股0.31美元或190萬美元相比。
- 每股淨資產減少了從2024年3月31日的13.6美元至2024年6月30日的13.56美元。Silver Spike將這一下降歸因於股息支付。
- 宣佈每股現金股息0.25美元,向2024年9月19日持股人派發,2024年9月27日支付。
- 投資組合總值爲5340萬美元,包括四個投資組合公司的4430萬美元的擔保貸款,兩個投資組合公司的830萬美元的擔保票據,以及一個投資組合公司的80萬美元的股本。年初,投資組合爲5480萬美元。
- 截至2024年6月30日,淨資產總額爲8430萬美元,與2024年3月31日的8450萬美元相比,有所下降。
- 截至2024年6月30日,沒有處於非應計狀態的貸款。
Loan Portfolio Acquisition Agreement
貸款組合收購協議。
On February 20, 2024, Silver Spike announced that it entered into a definitive agreement to purchase a portfolio of loans from Chicago Atlantic Loan Portfolio (NASDAQ:REFI) in exchange for newly issued shares of the company's common stock, subject to certain customary closing conditions.
2024年2月20日,Silver Spike宣佈已簽訂協議,以新發行的普通股換購來自芝加哥大西洋貸款投資組合(納斯達克:REFI)的貸款組合,受到某些慣例性的交割條件的限制。
Price Action
股價變動
Silver Spike shares closed Thursday's market session flat at $11.90 per share.
銀艾草股份在週四的交易中收盤價爲每股11.90美元。
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Photo: Courtesy of YARphotographer via Shutterstock
圖片:來自shutterstock的YARphotographer的禮貌。
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