WHFWhiteHorse Finance, Inc.

$174M

Q4 2018 Earnings

Financial Services Asset Management

Income Statement

Revenue

$10M-16.5% YoY

Gross Profit

$7M69.4% margin

Operating Income

$6M61.0% margin

Net Income

$5M51.2% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-58.8%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$34M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$514M

Total Liabilities

$199M

Stockholders' Equity

$315M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10M	$12M	-16.5%
Gross Profit	$7M	$9M	-26.6%
Operating Income	$6M	$7M	-13.7%
Net Income	$5M	$8M	-41.9%

WHF Q4 2018 Earnings — WhiteHorse Finance, Inc. Revenue & Financial Results | Market Cap Arena