MicroFinancial Incorporated Announces Second Quarter 2006 Results (Revenue in the second quarter of 2006 was $8.2 million compared to $10.2 million in the second quarter of 2005)
WOBURN, Mass.----MicroFinancial Incorporated (AMEX-MFI), a financial intermediary specializing in vendor based leasing and finance programs for transactions in the $500 to $15,000 range, today announced financial results for the second quarter and the six months ended June 30, 2006. Net income for the quarter was $0.5 million or $0.04 per diluted share based upon 13,928,808 shares, compared to a net loss of $0.2 million, or ($0.02) per share based on 13,584,524 shares in the second quarter of 2005. Revenue in the second quarter of 2006 was $8.2 million compared to $10.2 million in the second quarter of 2005. Revenue from leases was $0.7 million, rental income was $5.6 million, income on service contracts was $0.5 million and other revenue components contributed $1.4 million for the current quarter. Full press release here:
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