Legion Capital Announces 2021 Financial Results
Legion Capital (OTC: LGCP) reported its first full year of profitability, achieving a profit of $279,600 for fiscal year 2021, recovering from a loss of $2,880,231 in 2020. The company's revenue increased by 39%, reaching $3,265,718, while cash reserves soared by 1,277% to $16,898,222. Shareholder equity also saw significant growth, climbing from $285,125 in 2020 to $10,152,729 in 2021, marking a remarkable 4,091% rise. CEO Paul Carrazone expressed optimism for continued growth in their specialized loan portfolio.
- First annual profit of $279,600 compared to a loss of $2,880,231 in 2020.
- Revenue increased 39% from $2,350,295 in 2020 to $3,265,718 in 2021.
- Cash reserves grew by 1,277% to $16,898,222 from $1,227,094 in 2020.
- Shareholder equity surged 4,091% to $10,152,729 from $285,125 in 2020.
- None.
FinTech driven Specialized Lender reports first full year of profitability
ORLANDO, Fla., June 17, 2022 (GLOBE NEWSWIRE) -- Legion Capital (OTC:LGCP), a FinTech driven, specialized business lender providing growth capital to small and medium sized companies and real estate developers, today announced audited financial results for its fiscal year 2021 ended December, 2021. Highlights from the 1-K annual report filed today are:
- The Company reported its first annual profit since inception, with reported profit of
$279,600 compared to reported losses of$2,880,231 in 2020. - The Company ended the year with
$16,898,222 of cash, compared with$1,227,094 in 2020, a 1,277% increase. - Revenue increased from
$2,350,295 in 2020 to$3,265,718 in 2021, a39% increase. - Shareholder equity increased from
$285,125 in 2020 to$10,152,729 in 2021, a 4,091% increase.
Legion CEO Paul Carrazone commenting on the Company’s performance in 2021, stated: “We are pleased that Legion has shown its first full year of profitability. Looking ahead to 2022 and beyond, Legion is well positioned to continue to profitably grow its specialized loan portfolio for the benefit of our investors and shareholders.”
Legion Capital will host a virtual Annual Shareholder Meeting on July 20, 2021 beginning at 10 AM EDT. Investors can register at www.legioncapital.com. This webcast will also be available for replay for approximately two weeks thereafter.
Legion Capital periodically provides information for investors on its corporate website, www.LegionCapital.com, and its investor relations website, https://legioncapital.com/investors. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.
About Legion Capital
Legion Capital (OTC: LGCP) is a FinTech enabled, publicly traded specialized business lender providing growth capital to small and medium sized companies. Legion provides bridge funding, acquisition finance, development, and growth capital in a highly customized and expeditious manner, addressing a large and growing segment of small business lending that is under-served by banks and institutions.
Legion Capital serves our Investors and Financial Advisors through a suite of diversified equity and debt investment products, many of which offer attractive yields, non-correlation to traditional financial markets, and defined liquidity dates. For more information, please visit www.LegionCapital.com.
Disclaimer:
Certain statements that we make in this information piece may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will”, “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in any Offering Documents associated with this information piece. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether the result of new information, future events or otherwise. Legion is a private lender, and not a member of FINRA or FDIC.
MEDIA & INVESTOR CONTACT:
Jamison Lenczyk
Investor Relations Director
407-720-4616
JamisonL@LegionCapital.com
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