Heritage Global Inc (OQ:HGBL)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 12625 High Bluff Dr Ste 305 SAN DIEGO CA 92130-2054 |
| Tel: | 1-650-2910824 |
| Website: | https://hginc.com |
| IR: | See website |
| Key People | ||
| Ross M. Dove President, Chief Executive Officer, Director | Brian J. Cobb Chief Financial Officer | David Ludwig Director, President - Financial Assets Division |
| Nicholas Dove President - Industrial Assets Division | James Edward Sklar Executive Vice President, General Counsel, Secretary | |
| Business Overview |
| Heritage Global Inc. is an asset services company specializing in financial and industrial asset transactions. The Company provides a full suite of services, including market making, acquisitions, refurbishment, dispositions, valuations and secured lending. The Company segments include Industrial Assets Division and Financial Assets Division. Industrial Assets Division includes Auction and Liquidation, which operates a global full-service auction, appraisal and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment, and Refurbishment & Resale, which acquire, refurbish and supply specialized laboratory equipment. Financial Assets Division includes Brokerage, which charges-off receivables in the United States and Canada on behalf of lenders including banks, mortgage companies, and auto and alternative lending sources, and Specialty Lending, which provides specialty financing solutions to investors. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Heritage Global Inc revenues increased 29% to $60.5M. Net income decreased 19% to $12.5M. Revenues reflect Services revenue increase of 69% to $39.5M. Net income was offset by Industrial Assets Division segment income decrease of 15% to $7.8M, Corporate and Other segment loss increase of 7% to $4.3M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.43 to $0.34. |
| Employees: | 82 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $77.85M as of Mar 31, 2024 |
| Annual revenue (TTM): | $60.55M as of Mar 31, 2024 |
| EBITDA (TTM): | $13.77M as of Mar 31, 2024 |
| Net annual income (TTM): | $12.48M as of Mar 31, 2024 |
| Free cash flow (TTM): | $12.76M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 37,341,185 as of May 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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