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Tuesday, May 30, 2023

Lion Group Holdings Ltd. (LGHL) Stock Surges Following Disclosure of Financial Reports for H1 2021

Lion Group Holdings Ltd. (LGHL) stock prices were up by 23.54% some time after market trading commenced on October 1st, 2021. This brought the price per share up to USD$1.57 early on in the trading day.

Total Revenue Report

LGHL stock reported total revenues in the amount of USD$3.6 million for the first half of fiscal 2021. These represent a 44% year-over-year decrease from the USD$6.4 million reported for the same time period in the prior year. The yearly difference was largely attributable to a decrease in market marking commission income and trading gains/losses. A decrease in insurance brokerage income further facilitated the decrease, as did a decrease in other income. These impacts were partially offset by an increase in revenue generated from TRS trading services, as well as an increase in futures and securities brokerage income.

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LGHL Stock’s Net Loss Reports

Net loss was reported by LGHL stock in the amount of USD$10.1 million for the first half of fiscal 2021. This is compared to a net income of USD$2.8 million reported for the same time period of the prior fiscal year. Diluted net loss per ADS came out to USD$0.47 for the first half of 2021, down from the net income per ADS of USD$0.37 reported in the prior year time period. The first half of 2021 saw 26,732,397 ADSs being used in calculating diluted net income per ADS. This is comparable to 7,461,884 ADSs being used in calculations from the prior-year period.

Stellar Liquidity Position

The company reported a solid liquidity position as of the end of the second quarter of fiscal 2021. LGHL reported cash and restricted cash in the amount of USD$15.7 million as of June 30th, 2021. This is comparable to cash and restricted cash in the amount of USD$4.8 million as of December 31st, 2020 and USD$9.6 million as of June 30th, 2020. Net cash used in operating activities for the 2021 period was reported at USD$24.3 million, while net cash used in investing activities was USD$4.5 million.

Future Outlook for LGHL Stock

The company reported a promising quarter, as evidenced by the strength of its financial reports for the first half of fiscal 2021. LGHL stock is poised to capitalize on the opportunities afforded to it as a result of the momentum it has generated. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This, in turn, is hoped to facilitate consistent and organic increases in shareholder value over the long term.

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