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0.0681724845995893 0.232032854209446 0.378439425051335 0.461601642710472 0.303901437371663 0.183983572895277 0.228952772073922 0.196303901437372
Stock impact report

Lion Announces Unaudited Full Year 2023 Financial Results

Lion Group Holding Ltd. - American Depositary Share (LGHL) 
Company Research Source: PR Newswire
HONG KONG, April 30, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced its unaudited financial results for the full year ended December 31, 2023 ("2023").All figures are stated in U.S. dollars ("$").FINANCIAL AND OPERATING HIGHLIGHTS Revenues in 2023 increased to $21.1 million, from total revenue losses of $2.5 million in the prior year, primarily due to an increase in contract for difference (CFD) trading services.Total number of revenue-generating customer accounts decreased to 2,443 in 2023, from 4,526 in 2022, mainly due to decline in policy renewal clients in insurance business and CFD trading customers.Income generated from CFD trading services increased by $26.0 million from a loss of $6.7 million in 2022 to an income of $19.3 million in 2023, attributable to an increase in trading gains and commission income due to the notable mo Show less Read more
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