Overview

* Lendway Inc ( LDWY ) fiscal Q2 net rev rises to $23.2 mln, driven by holiday sales

* Operating income for fiscal Q2 jumps to $2.5 mln

* Net income from continuing operations reaches $1.3 mln, aided by tax benefits

Outlook

* Lendway ( LDWY ) plans to continue growing market share in the coming year

* Company aims to maintain momentum following record Mother's Day sales

Result Drivers

* HOLIDAY SALES - Revenue boost attributed to Easter and Mother's Day sales, per Lendway ( LDWY )

* ACQUISITION IMPACT - Bloomia acquisition timing contributed to revenue growth, according to Lendway ( LDWY )

* COST REDUCTIONS - Absence of prior year's acquisition costs improved operating income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $295 mln

Income

Q2 Basic $0.59

EPS

Q2 $2.48

Operatin bln

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)