Financial Snapshot

Revenue
$2.068M
TTM
Gross Margin
Net Earnings
$276.9K
TTM
Current Assets
$5.956M
Q2 2024
Current Liabilities
$272.8K
Q2 2024
Current Ratio
2183.02%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$19.39M
Q2 2024
Cash
Q2 2024
P/E
73.80
Sep 13, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue -$420.0K $1.441M $1.301M $561.8K $161.7K $150.7K $174.1K $388.7K $568.1K $340.4K $40.00K $0.00 $0.00 $0.00 $10.00K $0.00 $0.00 $0.00
YoY Change -129.15% 10.69% 131.64% 247.55% 7.26% -13.41% -55.22% -31.58% 66.91% 750.88% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue -$420.0K $1.441M $1.301M $561.8K $161.7K $150.7K $174.1K $388.7K $568.1K $340.4K $40.00K $0.00 $0.00 $0.00 $10.00K $0.00 $0.00 $0.00
Cost Of Revenue $0.00 $0.00 $10.00K $10.00K $40.00K $0.00
Gross Profit $0.00 $0.00 -$10.00K -$10.00K -$30.00K $0.00
Gross Profit Margin -100.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $3.641M $2.563M $1.355M $733.7K $831.9K $670.9K $678.3K $606.6K $626.7K $786.8K $600.0K $160.0K $110.0K $130.0K $160.0K $250.0K $200.0K $40.00K
YoY Change 42.05% 89.18% 84.64% -11.8% 23.99% -1.08% 11.82% -3.22% -20.34% 31.13% 275.0% 45.45% -15.38% -18.75% -36.0% 25.0% 400.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $2.070K $2.570K $10.13K $10.84K $12.38K $12.85K $12.66K $0.00 $0.00 $10.00K $10.00K $10.00K $10.00K $10.00K
YoY Change -100.0% -19.46% -74.63% -6.55% -12.44% -3.66% 1.5% -100.0% 0.0% 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $3.719M $2.759M $1.355M $735.8K $834.4K $681.1K $689.1K $618.9K $639.6K $799.4K $610.0K $160.0K $110.0K $130.0K $160.0K $250.0K $200.0K $40.00K
YoY Change 34.79% 103.64% 84.12% -11.82% 22.52% -1.17% 11.33% -3.23% -19.99% 31.05% 281.25% 45.45% -15.38% -18.75% -36.0% 25.0% 400.0%
Operating Profit -$160.0K -$110.0K -$140.0K -$170.0K -$280.0K -$200.0K
YoY Change 45.45% -21.43% -17.65% -39.29% 40.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense $78.00K $195.9K $2.584M $1.940M $15.78K $2.180M $1.190M $876.4K -$2.661M $289.4K $130.0K -$30.00K -$20.00K -$10.00K $0.00 $0.00 $0.00
YoY Change -60.18% -92.42% 33.2% 12194.8% -99.28% 83.12% 35.84% -132.94% -1019.33% 122.65% -533.33% 50.0% 100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income -$1.620M $756.6K $3.886M $2.502M -$657.0K $1.650M $675.4K $646.1K -$2.732M $966.5K -$210.0K -$190.0K -$130.0K -$150.0K -$170.0K -$280.0K -$200.0K -$40.00K
YoY Change -314.12% -80.53% 55.31% -480.82% -139.83% 144.24% 4.54% -123.65% -382.72% -560.22% 10.53% 46.15% -13.33% -11.76% -39.29% 40.0% 400.0%
Income Tax -$454.6K $178.9K $1.055M $288.4K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 23.64% 27.14% 11.53% 0.0%
Net Earnings -$1.166M $577.7K $2.831M $2.214M -$657.0K $1.650M $675.4K $646.1K -$2.732M $966.5K -$210.0K -$190.0K -$130.0K -$150.0K -$170.0K -$280.0K -$200.0K -$40.00K
YoY Change -301.74% -79.59% 27.9% -436.93% -139.83% 144.24% 4.54% -123.65% -382.72% -560.22% 10.53% 46.15% -13.33% -11.76% -39.29% 40.0% 400.0%
Net Earnings / Revenue 40.1% 217.53% 393.98% -406.4% 1094.53% 388.05% 166.24% -480.99% 283.96% -525.0% -1700.0%
Basic Earnings Per Share -$0.18 $0.11 $0.26 $0.20
Diluted Earnings Per Share -$0.19 $0.11 $0.26 $0.20 -$133.6K $149.1K $56.93K $53.17K -$224.9K $79.44K -$20.55K -$175.9K -$128.7K -$161.3K -$200.0K -$363.6K -$303.0K -$83.33K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments $376.0K $1.090M $1.936M $5.441M $8.067M $966.1K $2.158M $2.345M $2.981M $11.28M $10.43M $600.0K $20.00K $0.00 $10.00K $150.0K $40.00K $40.00K
YoY Change -65.49% -43.72% -64.41% -32.55% 734.95% -55.24% -7.95% -21.33% -73.57% 8.12% 1638.33% 2900.0% -100.0% -93.33% 275.0% 0.0%
Cash & Equivalents
Short-Term Investments $7.172M $3.340M
Other Short-Term Assets $165.3K $49.22K $83.67K $43.84K $31.56K $47.16K $62.55K $61.66K $43.81K $49.62K $50.00K $0.00 $0.00 $20.00K $0.00
YoY Change 235.84% -41.17% 90.85% 38.91% -33.08% -24.6% 1.44% 40.74% -11.71% -0.76% -100.0%
Inventory $0.00 $0.00 $0.00 $0.00 $0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.056M $1.640M $2.594M $5.820M $8.355M $1.355M $2.528M $2.411M $3.048M $11.47M $10.49M $600.0K $20.00K $0.00 $10.00K $150.0K $60.00K $50.00K
YoY Change -35.62% -36.79% -55.42% -30.34% 516.5% -46.38% 4.82% -20.9% -73.42% 9.33% 1648.33% 2900.0% -100.0% -93.33% 150.0% 20.0%
Property, Plant & Equipment $9.280K $16.40K $4.980K $23.35K $42.89K $4.650K $14.78K $25.61K $38.00K $50.84K $60.00K
YoY Change -43.41% 229.32% -78.67% -45.56% 822.37% -68.54% -42.29% -32.61% -25.26% -15.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $322.9K $1.423M $2.449M $6.668M $1.741M $9.960M $7.241M $6.987M $5.748M $7.170M $3.340M
YoY Change -77.3% -41.91% -63.28% 283.01% -82.52% 37.56% 3.63% 21.56% -19.84% 114.67%
Other Assets $757.0K $201.0K
YoY Change 276.62%
Total Long-Term Assets $18.05M $16.93M $14.10M $6.691M $1.784M $9.965M $7.256M $7.013M $5.786M $50.84K $60.00K $0.00 $0.00 $0.00 $10.00K $20.00K $30.00K $30.00K
YoY Change 6.65% 20.01% 110.78% 275.12% -82.1% 37.34% 3.47% 21.2% 11280.41% -15.27% -100.0% -50.0% -33.33% 0.0%
Total Assets $19.11M $18.57M $16.70M $12.51M $10.14M $11.32M $9.783M $9.424M $8.834M $11.52M $10.55M $600.0K $20.00K $0.00 $20.00K $170.0K $90.00K $80.00K
YoY Change
Accounts Payable $71.70K $136.5K $64.03K $32.92K $25.00K $41.13K $37.09K $25.10K $10.43K $36.10K $20.00K $30.00K $0.00 $10.00K $10.00K $0.00 $20.00K $0.00
YoY Change -47.48% 113.2% 94.5% 31.68% -39.22% 10.89% 47.77% 140.65% -71.11% 80.5% -33.33% -100.0% 0.0% -100.0%
Accrued Expenses $444.7K $16.56K $1.275M $39.78K $44.98K $0.00 $0.00 $20.00K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 2585.57% -98.7% 3104.25% -11.56% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $0.00 $210.0K $90.00K $40.00K $0.00
YoY Change -100.0% 133.33% 125.0%
Total Short-Term Liabilities $516.4K $153.1K $3.239M $612.0K $69.98K $41.13K $143.3K $25.10K $81.70K $46.09K $30.00K $40.00K $220.0K $110.0K $60.00K $0.00 $20.00K $10.00K
YoY Change 237.38% -95.27% 429.21% 774.54% 70.14% -71.3% 470.96% -69.28% 77.26% 53.63% -25.0% -81.82% 100.0% 83.33% -100.0% 100.0%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $500.0K $0.00 $10.00K $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $0.00 $70.15K $0.00 $10.66K $11.37K $11.12K $10.00K $10.00K
YoY Change -100.0% -100.0% -6.24% 2.25% 11.2% 0.0%
Total Long-Term Liabilities $0.00 $70.15K $0.00 $0.00 $0.00 $0.00 $10.66K $11.37K $11.12K $0.00 $0.00 $500.0K $0.00 $10.00K $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -6.24% 2.25% -100.0% -100.0%
Total Liabilities $516.4K $223.2K $3.284M $870.0K $69.97K $41.13K $154.0K $36.47K $92.82K $46.09K $30.00K $540.0K $220.0K $120.0K $60.00K $0.00 $20.00K $10.00K
YoY Change 131.34% -93.2% 277.45% 1143.39% 70.12% -73.29% 322.21% -60.71% 101.39% 53.63% -94.44% 145.45% 83.33% 100.0% -100.0% 100.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 6.250M shares 5.333M shares 10.79M 10.87M
Diluted Shares Outstanding 6.366M shares 5.333M shares 10.79M 10.87M 4.919M shares 4.919M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $20.433 Million

About Mill City Ventures III Ltd

Mill City Ventures III Ltd. engages in the business of providing short-term specialty finance solutions. The company is headquartered in Wayzata, Minnesota and currently employs 3 full-time employees. The company went IPO on 2009-05-27. The firm generally provides specialty finance solutions that are short-term in nature. The principal specialty finance solutions it provides are high-interest short-term lending arrangements. Typically, these lending arrangements involve the Company obtaining collateral as security for the borrower’s repayment of funds to the Company, or personal guarantees from the principals or affiliates of the borrower. Its specialty finance solutions include short-term secured loans for real estate development; short-term unsecured loans (with an option to acquire collateral security) to a business; short-term secured loans to a business for operating capital, and short-term secured loans to an individual owed a forthcoming tax refund.

Industry: Short-Term Business Credit Institutions Peers: A-Mark Precious Metals, Inc. FlexShopper Inc Favo Capital Inc GWG Holdings, Inc. Sundance Strategies Inc LM Funding America Inc