GWG Holdings (GWGH) Reports Q2 Loss of $0.32/Share

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Go back to GWG Holdings (GWGH) Reports Q2 Loss of $0.32/Share

GWG Holdings, Inc. Announces Second Quarter Financial Results

August 11, 2015 8:15 AM EDT

MINNEAPOLIS, Aug. 11, 2015 /PRNewswire/ -- GWG Holdings, Inc. (NASDAQ: GWGH) ("GWG" or the "Company"), a specialty finance company and leader in the life insurance secondary market, today announced financial results for the three and six months ending June 30, 2015.

Highlights

GWGH reports the following highlights:

Quarterly revenue growth of 56% and 131% compared to the three and six month periods one year ago. Portfolio growth of $51.3 million in face value to over $806 million in face value of policy benefits, net of matured policy benefit payments as of June 30, 2015.... More