GWG Holdings (GWGH) Reports Q2 EPS of $0.85

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GWG Holdings Reports Second Quarter 2016 Financial Results

August 16, 2016 8:15 AM EDT

MINNEAPOLIS, Aug. 16, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, today announced its financial results for the second quarter ended June 30, 2016.

Highlights for the Three Months Ended June 30, 2016

GAAP Financial Information Total revenue of $20.8 million, up nearly 250% from the prior yearNet income of $1.9 million, or $0.32 per basic and $0.29 per fully diluted share, respectively Non-GAAP Financial Information1... More