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0.0171306209850107 0.0171306209850107 0.0256959314775161 0.0241327623126339 0.019271948608137 0.0128693790149894 0.0128693790149894 0.00642398286937907
Stock impact report

Manhattan Bridge Capital, Inc. Reports Results for 2023 [Yahoo! Finance]

Manhattan Bridge Capital, Inc (LOAN) 
Company Research Source: Yahoo! Finance
for the year ended December 31, 2023 was approximately $5,476,000, or $0.48 per share (based on approximately 11.5 million weighted-average outstanding common shares), versus approximately $5,212,000, or $0.45 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the year ended December 31, 2022, an increase of $264,000, or 5.1%. This increase is primarily attributable to an increase in interest income from loans, partially offset by increases in interest expense and in general and administrative expenses. Total revenue for the year ended December 31, 2023 was approximately $9,796,000, compared to approximately $8,571,000 for the year ended December 31, 2022, an increase of $1,225,000, or 14.3%. The increase in revenue was due to higher interest rates charged on the Company's commercial loans. In 2023, approximately $7,976,000 of its revenue represents interest income on secured, real estate loans that the Company offers to real estate invest Show less Read more
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