Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Sep 06, 2023 (filed on Sep 08, 2023)Insider Name:Berman LyleOwnership Type:Direct OwnershipSecurities:Non-qualified stock optionsNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:100,000Price:--
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Sep 06, 2023 (filed on Sep 08, 2023)Insider Name:Berman LyleOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:100,000Price:$2.12
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Aug 31, 2023 (filed on Sep 01, 2023)Insider Name:Zipkin Laurence SOwnership Type:Direct OwnershipSecurities:Non-qualified stock optionsNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-100,000Price:--
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Aug 31, 2023 (filed on Sep 01, 2023)Insider Name:Zipkin Laurence SOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:100,000Price:$2.12
Filings by filing date
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Sep 06, 2023 (filed on Sep 08, 2023)Insider Name:Berman LyleOwnership Type:Direct OwnershipSecurities:Non-qualified stock optionsNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:100,000Price:--
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Sep 06, 2023 (filed on Sep 08, 2023)Insider Name:Berman LyleOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:100,000Price:$2.12
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Aug 31, 2023 (filed on Sep 01, 2023)Insider Name:Zipkin Laurence SOwnership Type:Direct OwnershipSecurities:Non-qualified stock optionsNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-100,000Price:--
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Aug 31, 2023 (filed on Sep 01, 2023)Insider Name:Zipkin Laurence SOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:100,000Price:$2.12
News
Biz Brief
| Sector: Financials | Industry: Consumer Lending |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 210, 130 LAKE STREET WEST WAYZATA MN 55391 |
| Tel: | 1-917-6582602 |
| Website: | https://www.millcityventures3.com |
| IR: | See website |
| Key People | ||
| Douglas M. Polinsky Chairman of the Board, President, Chief Executive Officer | Joseph A. Geraci Chief Financial Officer, Director | |
| Business Overview |
| Mill City Ventures III, Ltd. is engaged in the business of providing short-term specialty finance solutions primarily to private businesses, micro- and small-cap public companies and high-net-worth individuals. The Company 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Mill City Ventures III Ltd revenues decreased 21% to $3.3M. Net loss totaled $1.2M vs. income of $107K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Payroll increase of 96% to $1.8M (expense), Net realized gain (loss) on investments decrease from $133K (income) to $559K (expense). |
| Employees: | 3 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $15.59M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3.30M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.34M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.17M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.14M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 6,385,255 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |