HG Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 28, 2024 at 04:03 pm EDT
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HG Holdings, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 3.9 million compared to USD 8.45 million a year ago. Revenue was USD 11.11 million compared to USD 14.48 million a year ago.
Net loss was USD 0.822 million compared to net income of USD 3.74 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to basic earnings per share from continuing operations of USD 1.31 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to diluted earnings per share from continuing operations of USD 1.31 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. 
