HG Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 04:31 pm EDT
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HG Holdings, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 1.33 million compared to USD 0.962 million a year ago. Revenue was USD 1.94 million compared to USD 1.48 million a year ago.
Net loss was USD 0.799 million compared to USD 0.577 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.2 a year ago.
HG Holdings, Inc. is engaged in the business of providing title insurance and tile agency services. The Company's segments include title insurance, real estate, reinsurance, and management services. The title insurance segment issues title insurance policies and provides title agency services for residential and commercial real estate transactions. This segment also provides closing and/or escrow services to facilitate real estate transactions. The real estate segment is engaged in rental real estate through its equity investment in HC Realty. The management services segment, through its subsidiary, HG Managing Agency, LLC, is engaged in providing various management advisory services such as legal entity formation, licensure, regulatory approval, assumption of policies, and other general operational services. Its subsidiaries include National Consumer Title Insurance Company; National Consumer Title Group, LLC; Title Agency Ventures, LLC, and HG Managing Agency, LLC.
HG HOLDINGS, INC. 
