Manhattan Bridge Capital Inc (LOAN, Financial) filed Quarterly Report for the period ended 2012-06-30.
Manhattan Bridge Capital Inc. has a market cap of $4 million; its shares were traded at around $0.92 with a P/E ratio of 11.5 and P/S ratio of 2.8.
For the three and six month periods ended June 30, 2011, 414,195, and 414,919, stock options were not included in the diluted earnings per share calculation, respectively, as their effect would have been anti-dilutive.
Total revenues for the three month period ended June 30, 2012 were approximately $415,000 compared to approximately $342,000 for the three month period ended June 30, 2011, an increase of $73,000 or 21.3%. The increase in revenue represents an increase in lending operations. For the three month period ended June 30, 2012, approximately $332,000 of our revenues represent interest income on the secured, commercial loans that we offer to small businesses compared to approximately $276,000 for the same period in 2011, and approximately $82,000 represents origination fees on such loans compared to approximately $66,000 for the same period in 2011. The loans are principally secured by collateral consisting of real estate and, generally, accompanied by personal guarantees from the principals of the businesses.
Total revenues for the six month period ended June 30, 2012 were approximately $806,000 compared to approximately $680,000 for the six month period ended June 30, 2011, an increase of $126,000, or 18.5%. The increase in revenue represents an increase in lending operations. Revenue of approximately $640,000 for the six month period ended June 30, 2012, compared to approximately $558,000 for the six month period ended June 30, 2011, represents interest income on the secured, commercial loans that we offer to small businesses, and approximately $166,000 represents origination fees on such loans compared to approximately $122,000 for the same period in 2011. The loans are principally secured by collateral consisting of real estate and, generally, accompanied by personal guarantees from the principals of the businesses.
Read the The complete Report
Manhattan Bridge Capital Inc. has a market cap of $4 million; its shares were traded at around $0.92 with a P/E ratio of 11.5 and P/S ratio of 2.8.
Highlight of Business Operations:
For the three and six month periods ended June 30, 2012, 344,319, and 343,137, stock options were not included in the diluted earnings per share calculation, respectively, either because their effect would have been anti-dilutive, or because they are being held in escrow (See Note 7).For the three and six month periods ended June 30, 2011, 414,195, and 414,919, stock options were not included in the diluted earnings per share calculation, respectively, as their effect would have been anti-dilutive.
Total revenues for the three month period ended June 30, 2012 were approximately $415,000 compared to approximately $342,000 for the three month period ended June 30, 2011, an increase of $73,000 or 21.3%. The increase in revenue represents an increase in lending operations. For the three month period ended June 30, 2012, approximately $332,000 of our revenues represent interest income on the secured, commercial loans that we offer to small businesses compared to approximately $276,000 for the same period in 2011, and approximately $82,000 represents origination fees on such loans compared to approximately $66,000 for the same period in 2011. The loans are principally secured by collateral consisting of real estate and, generally, accompanied by personal guarantees from the principals of the businesses.
Total revenues for the six month period ended June 30, 2012 were approximately $806,000 compared to approximately $680,000 for the six month period ended June 30, 2011, an increase of $126,000, or 18.5%. The increase in revenue represents an increase in lending operations. Revenue of approximately $640,000 for the six month period ended June 30, 2012, compared to approximately $558,000 for the six month period ended June 30, 2011, represents interest income on the secured, commercial loans that we offer to small businesses, and approximately $166,000 represents origination fees on such loans compared to approximately $122,000 for the same period in 2011. The loans are principally secured by collateral consisting of real estate and, generally, accompanied by personal guarantees from the principals of the businesses.
Read the The complete Report
