WHFWhiteHorse Finance, Inc.

$174M

Q3 2018 Earnings

Financial Services Asset Management

Income Statement

Revenue

$23M+92.2% YoY

Gross Profit

$20M86.0% margin

Operating Income

$19M83.3% margin

Net Income

$19M83.3% margin

EPS (Diluted)

$0.95

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$35M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$542M

Total Liabilities

$224M

Stockholders' Equity

$318M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$12M	+92.2%
Gross Profit	$20M	$10M	+105.4%
Operating Income	$19M	$6M	+227.1%
Net Income	$19M	$9M	+114.9%

WHF Q3 2018 Earnings — WhiteHorse Finance, Inc. Revenue & Financial Results | Market Cap Arena