Spotlight Growth
No Result
View All Result
Monday, July 4, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Earnings

Sortis Holdings, Inc. (OTC Pink: SOHI) Reports Q2 2020 Results Showing Second Consecutive Quarter of Profitability

by admin
August 24, 2020
in Earnings, Financials, Sponsored
0
Sortis Holdings SOHI Q2 2020 Growth

Sortis Holdings SOHI Q2 2020 Growth

It’s official. Sortis Holdings, Inc. (OTC Pink: SOHI) is on track to have arguably its best operating year in its existence in 2020. Despite the economic issues faced during the first half of 2020, the Sortis team pushed ahead undeterred. After the company’s Q2 2020 financials release last week, we now know the extent of success experienced during the first half of 2020: consecutive quarterly profitability.

Sortis Holdings: Revenue Growth of 56.71%, Net Income Growth of 1,786% in Q2 2020 vs. Q1 2020

For the quarter ending June 30, 2020, Sortis reported total revenues of $1,232,656 and net income of $586,958, which puts earnings per share around $0.04. Total assets came in at $1,300,942, while total liabilities remained more-than-manageable at $640,569. During the first three months of 2020, the company saw total revenues come in at $788,611 and net income of $31,120.

Sortis Holdings, Inc.

On a quarter-over-quarter basis, Sortis Holdings saw total revenues grow 56.71%, while net income soared 1,786.11%. This growth becomes even more impressive once the overall economic environment is factored into the results.

SOHI: Growth Through Acquisitions

The company’s growth engine appears to be firing up, which effectively was made possible by two key operational changes: divesting of bank assets in 2017 and turning its focus into becoming an alternative investment company. After divesting the bank and gaining a leaner business model, the SOHI management team turned to one of its key strengths: asset management.

Since the bank divestment, Sortis has launched several private investment funds, which have been primarily focused on real estate opportunities both as a borrower and as a lender. Today, Sortis has four active funds: Sortis Income Fund, Sortis Rescue Fund, Sortis Opportunity Zone Fund, and Sortis Growth Fund.

Source: Sortis.com
Source: Sortis.com

“Sortis Holdings now has a stable, growing level of assets under management that provide a predictable and ongoing source of revenue. Since the sale of our Bank in 2017 and the subsequent building of our Company, we have back-to-back quarters of profitability, and our business continues to grow.  While the current impact of COVID-19 on our economy is devastating, we are built for a distressed environment. Our experience through the Great Recession has not only validated the efficacy of our conservative approach in our Fund Management practices, but has also allowed us to launch the Sortis Rescue Fund during the second quarter focused on acquiring distressed assets,” notes SOHI President and Chief Executive Officer, Jef Baker.

Sortis’ Income Fund & Rescue Fund Lead Headlines During First Half 2020

The Sortis Income Fund may be the flagship offering from the company, but it’s their rescue fund that has really caught the attention of media and investors. In May 2020, SOHI formally launched the Sortis Rescue Fund, which was designed to focus on distressed opportunities as a result of COVID-19.

Source: Seattle Times
Source: Seattle Times

Within the first three months of its existence, the rescue fund made two high-profile acquisitions: Rudy’s Barbershop and Bamboo Sushi. Coverage of the acquisitions in big publications like the Seattle Times and the Portland Business Journal, have helped elevate the company’s image as a formidable deal-maker in the distressed space.

Overall, Sortis Holdings is having a breakout year in 2020. Years of positioning and planning are coming to fruition for the company, as they continue to build out their fund offerings. Furthermore, the successful launch of the rescue fund has helped increase SOHI’s image and cash flow, which could be marking the beginning of a prosperous era for Sortis Holdings.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

Tags: acquisitionalternative investingasset managementBamboo Sushibankcommon stockdistressed investingemerging growthfinancialsfintechinvestinginvestmentMergermicrocap stocksnewsotc marketsPortland Business Journalpublic companyreal estateREITsRudy's Barbershopsalessales growthSeattle Timesservicessmall cap companiessmall cap stockssmall capsSOHISOHI stockSortisSortis HoldingsSortis Income FundSortis Rescue Fundstock marketstockstechtechnology stockstrading
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Emergent Health OTC EMGE LOI Fusion Specialty Pharmacy Spotlight Growth

Emergent Health Corp. (OTC Pink: EMGE) Announces LOI to Acquire Fusion Specialty Pharmacy

June 29, 2022
Decibel Therapeutics NASDAQ DBTX Interim Data Phase 1b DB 020 Spotlight Growth

Decibel Therapeutics (NASDAQ: DBTX) Shares Positive Interim Data of its Ongoing Phase 1b Trial of DB-020

June 28, 2022
Ayurcann CSE AYUR OTCQB AYURF July Product Rollout Canada Spotlight Growth

Ayurcann (CSE: AYUR) (OTCQB: AYURF) Prepares for July New Product Rollout as Distribution Expansion Continues Across Canada

June 27, 2022
NeuroSense Therapeutics NASDAQ NRSN Stage III ALS Biomarker Study Spotlight Growth

NeuroSense Therapeutics (NASDAQ: NRSN) Details PrimeC’s Positive Results from Stage III ALS Biomarker Study

June 27, 2022

Recent News

Emergent Health OTC EMGE LOI Fusion Specialty Pharmacy Spotlight Growth

Emergent Health Corp. (OTC Pink: EMGE) Announces LOI to Acquire Fusion Specialty Pharmacy

June 29, 2022
Decibel Therapeutics NASDAQ DBTX Interim Data Phase 1b DB 020 Spotlight Growth

Decibel Therapeutics (NASDAQ: DBTX) Shares Positive Interim Data of its Ongoing Phase 1b Trial of DB-020

June 28, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested