SWK Holdings Corp Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>SWK Holdings Corp has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial information and corporate history.</b>

AI Summary

SWK Holdings Corp (SWKHL) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. SWK Holdings Corp filed a 10-Q report for the period ending March 31, 2024. The filing includes financial data for the first quarter of 2024. Key financial statement information such as common stock, additional paid-in capital, and retained earnings are detailed. The company's business address is 5956 Sherry Lane, Suite 650, Dallas, TX 75225. SWK Holdings Corp was formerly known as KANA SOFTWARE INC and KANA COMMUNICATIONS INC.

Why It Matters

For investors and stakeholders tracking SWK Holdings Corp, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and position of SWK Holdings Corp, crucial for assessing investment value and risk. Understanding the company's financial health and historical changes, including former names, helps in evaluating its long-term strategy and market standing.

Risk Assessment

Risk Level: low — SWK Holdings Corp shows low risk based on this filing. The filing is a standard 10-Q report, indicating routine disclosure rather than significant new events or risks.

Analyst Insight

Review the detailed financial statements within the 10-Q to understand the company's current financial health and operational performance.

Key Numbers

• 2024-03-31 — Report Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-15 — Filing Date (FILED AS OF DATE)
• 0001089907 — Central Index Key (CENTRAL INDEX KEY)
• 6159 — Standard Industrial Classification (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

• SWK Holdings Corp (company) — FILER
• KANA SOFTWARE INC (company) — FORMER COMPANY
• KANA COMMUNICATIONS INC (company) — FORMER COMPANY
• Dallas (location) — CITY
• TX (location) — STATE

FAQ

Industry Context

SWK Holdings Corp operates within the miscellaneous business credit institution sector, focusing on financing and royalty purchases, particularly in the life sciences.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting by public companies.

What Investors Should Do

1. Analyze the balance sheet and income statement for Q1 2024.
2. Review any disclosures related to debt, equity, and cash flow.
3. Compare current quarter data with historical periods if available in the full filing.

Key Dates

• 2024-03-31: Quarterly Period End — Financial results for Q1 2024 are reported.
• 2024-05-15: Filing Date — The 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, providing the first look at the company's financial performance for the quarter ending March 31, 2024.

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share SWKH The Nasdaq Stock Mar
• $779.4 million — nance strategy, funding an aggregate of $779.4 million in various financial products across th

Filing Documents

• e24218_swkh-10q.htm (10-Q) — 934KB
• e24218_ex10-2.htm (EX-10.2) — 47KB
• e24218_ex31-1.htm (EX-31.1) — 9KB
• e24218_ex32-1.htm (EX-32.1) — 5KB
• e24218001.jpg (GRAPHIC) — 3KB
• 0001552781-24-000343.txt (&nbsp;) — 5311KB
• swkh-20240331.xsd (EX-101.SCH) — 32KB
• swkh-20240331_cal.xml (EX-101.CAL) — 53KB
• swkh-20240331_def.xml (EX-101.DEF) — 159KB
• swkh-20240331_lab.xml (EX-101.LAB) — 262KB
• swkh-20240331_pre.xml (EX-101.PRE) — 244KB
• e24218_swkh-10q_htm.xml (XML) — 944KB

Signatures

Signatures 34 FORWARD-LOOKING In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. From time to time, we may also provide oral or written forward-looking statements in other materials we release to the public. Such forward-looking statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections about our business and industry, and our beliefs and assumptions, and include, but are not limited to, statements under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." Words such as "anticipate," "believe," "could," "estimate," "expects," "intend," "may," "plan," "should," "will" and variations of these words and similar expressions identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond our control, are difficult to predict and could cause actual results to differ materially (both favorably and unfavorably) from those expressed or forecasted in the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A, "Risk Factors," and elsewhere in this report. Forward-looking statements that were believed to be true at the time made may ultimately prove to be incorrect or false. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

FINANCIAL

PART I. FINANCIAL INFORMATION

FINANCIAL

ITEM 1. FINANCIAL SWK HOLDINGS CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value and share data) March 31, 2024 December 31, 2023 Assets: Current assets: Cash and cash equivalents $ 5,498 $ 4,503 Restricted cash — 733 Interest, accounts receivable and other receivables, net 6,352 4,729 Other current assets 2,086 1,904 Total current assets 13,936 11,869 Finance receivables, net of allowance for credit losses of $ 13,224 and $ 13,901 as of March 31, 2024 and December 31, 2023, respectively 261,285 274,504 Collateral on foreign currency forward contract 2,750 2,750 Marketable investments 394 48 Deferred tax assets, net 28,077 28,290 Warrant assets 610 1,759 Intangible assets, net 6,198 6,487 Property and equipment, net 5,212 5,438 Other non-current assets 3,888 3,109 Total assets $ 322,350 $ 334,254 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable and accrued liabilities $ 4,376 $ 3,944 Total current liabilities 4,376 3,944 Contingent consideration payable 4,900 4,900 Unsecured senior notes, net 30,927 30,781 Revolving credit facility — 12,350 Other non-current liabilities 1,859 1,964 Total liabilities 42,062 53,939 Commitments and contingencies (Note 6) Stockholders' equity: Preferred stock, $ 0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding — — Common stock, $ 0.001 par value; 250,000,000 shares authorized; 12,481,944 and 12,497,770 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 12 12 Additional paid-in capital 4,424,216 4,425,104 Accumulated deficit ( 4,143,940 ) ( 4,144,801 ) Total stockholders' equity 280,288 280,315 Total liabilities and stockholders' equity $ 322,350 $ 334,254 See accompanying notes to the unaudited condensed consolidated financial statements. 1 SWK HOLDINGS CORPORATI

financial statements

financial statements. In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which requires public entities to disclose information about their reportable segments' significant expenses on an interim and annual basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Public entities are required to adopt the changes retrospectively, recasting each prior-period disclosure for which a comparative income statement is presented in the period of adoption. The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." The standard is intended to provide greater transparency in various income tax components that affect the rate reconciliation based on the applicable taxing jurisdictions, as well as the qualitative and quantitative aspects of those components. The ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and related disclosures. 7 Note 2. Net Income per Share Basic net income per share is computed using the weighted-average number of outstanding shares of common stock. Diluted net income per share is computed using the weighted-average number of outstanding shares of common stock, and when dilutive, shares of common stock issuable upon exercise of options and warrants deemed outstanding using the treasury stock method. The following table shows the computation of basic and diluted net income per share for the following periods (in thousands, except per share amounts): Schedule of Basic and Diluted Earning per Share Three Months En

View Full Filing

View this 10-Q filing on SEC EDGAR