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Legion Capital Announces 2023 Financial Results

ORLANDO, Fla., June 11, 2024 (GLOBE NEWSWIRE) -- Legion Capital (OTC:LGCP), a specialized lender providing growth capital to small and medium sized real estate developers, today announced audited financial results for its fiscal year 2023 ended December 31, 2023. Highlights from the 1-K annual report filed are: Revenue increased to $8,901,527 in 2023 from $6,876,274 in 2022, a 29% increase. The Company reported an increased year over year annual profit with a reported operating profit of $3,692,651 in 2023 compared to a reported operating profit of $1,078,094 in 2022, an increase of 243%. Shareholder equity increased from $14,330,038 in 2022 to $18,117,621 in 2023, a 26% increase. "2023 was another solid year of operational growth for Legion Capital and we are pleased with the improvement in our operating profits," stated Legion Capital CEO Paul Carrazzone. "We believe Legion remains well positioned for continued growth as we work to continue the ...