ENDI Corp. Announces 2023 Financial Results
In This Article:
GLEN ALLEN, Va., April 1, 2024 /PRNewswire/ -- ENDI Corp. (OTCQB: ENDI) ("ENDI" or the "Company") announced its financial results for the year ending December 31, 2023, in connection with filing its annual report on Form 10-K with the Securities and Exchange Commission.
A summary of our annual results for the Company's reportable segments can be found below. Our full report on the Form 10-K filing can be found at endicorp.com.
| Year Ended December 31, 2023 | | CrossingBridge | | | Willow Oak | | | Internet | | | Other | | | Consolidated | | |||||
| Revenues | | $ | 8,678,783 | | | $ | 182,970 | | | $ | 725,770 | | | $ | - | | | $ | 9,587,523 | |
| Cost of revenue | | | - | | | | - | | | | 218,269 | | | | - | | | | 218,269 | |
| Operating expenses | | | 5,261,667 | | | | 399,928 | | | | 234,173 | | | | 1,753,039 | | | | 7,648,807 | |
| Other income (expenses) | | | 72,094 | | | | 1,104 | | | | (19,882) | | | | 755,788 | | | | 809,104 | |
| Net income (loss) | | | 3,489,210 | | | | (215,854) | | | | 253,446 | | | | (997,251) | | | | 2,529,551 | |
| Goodwill | | | 737,869 | | | | - | | | | - | | | | - | | | | 737,869 | |
| Identifiable assets | | $ | 7,472,058 | | | $ | 661,177 | | | $ | 805,306 | | | $ | 15,840,578 | | | $ | 24,779,119 | |
The Company will host a shareholder conference call to discuss the results on Friday, April 19 at 10 AM EST. The live webcast can be accessed directly at https://www.colonialstock.com/vm/endi.htm.
About ENDI Corp.
ENDI Corp. is a holding company primarily focused on financial products and services. ENDI operates in the following sectors: (i) CrossingBridge Operations (investment advisory and sub-advisory services offered through various SEC registered mutual funds and an exchange-traded fund through CrossingBridge Advisors, LLC); (ii) Willow Oak Operations (joint ventures, service offerings, and initiatives undertaken in the asset management industry through Willow Oak Asset Management, LLC and its subsidiaries); and (iii) the sale of internet access, e-mail and hosting, storage, and other ancillary services through Sitestar.net, Inc. For more information, please visit: www.endicorp.com.
Forward Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. These statements are not guaranties of future performance, and actual results may differ materially from those forecasted.