SWK Holdings Corp
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
SWKHL$25.21+0.1%Stored close · as of Nov 2, 2026
Contents
Unaudited Condensed Consolidated Balance Sheets—June 30, 2024 and December 31, 2023
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value and share data)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $5,549 | $4,503 |
| Restricted cash | — | 733 |
| Interest, accounts receivable and other receivables, net | 7,384 | 4,729 |
| Other current assets | 1,859 | 1,904 |
| Total current assets | 14,792 | 11,869 |
| Finance receivables, net of allowance for credit losses of $13,083 and $13,901 as of June 30, 2024 and December 31, 2023, respectively | 265,470 | 274,504 |
| Collateral on foreign currency forward contract | 2,750 | 2,750 |
| Marketable investments | 731 | 48 |
| Deferred tax assets, net | 27,052 | 28,290 |
| Warrant assets | 835 | 1,759 |
| Intangible assets, net | 232 | 6,487 |
| Property and equipment, net | 5,008 | 5,438 |
| Other non-current assets | 4,504 | 3,109 |
| Total assets | $321,374 | $334,254 |
| Liabilities and Stockholders’ Equity: | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $3,310 | $3,935 |
| Deferred income | 2,216 | 9 |
| Total current liabilities | 5,526 | 3,944 |
| Contingent consideration payable | — | 4,900 |
| Unsecured senior notes, net | 31,078 | 30,781 |
| Revolving credit facility | — | 12,350 |
| Other non-current liabilities | 1,566 | 1,964 |
| Total liabilities | 38,170 | 53,939 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.001 par value; 250,000,000 shares authorized; 12,447,195 and 12,497,770 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 12 | 12 |
| Additional paid-in capital | 4,423,472 | 4,425,104 |
| Accumulated deficit | (4,140,280) | (4,144,801) |
| Total stockholders’ equity | 283,204 | 280,315 |
| Total liabilities and stockholders’ equity | $321,374 | $334,254 |
** **See accompanying notes to the unaudited condensed consolidated financial statements.
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