ENDI
CrossingBridge Advisors, LLC17.02
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
90.72MP/E (TTM)
189.11Basic EPS (TTM)
0.09Dividend Yield
0%Recent Filings
10-K
FY2023 results
ENDI Corp. wrapped FY2023 with $9.6 million in revenue, up 50% year-over-year, driven by CrossingBridge's advisory fees that climbed to $8.7 million amid AUM surging 44% to $1.8 billion; Q4 saw the Low Duration High Yield Fund hit $650 million after steady inflows and 2.5% returns, outpacing Q3's 1.8% while margins held at 40% despite higher costs from the RiverPark acquisition. Willow Oak and internet ops chipped in smaller gains, but other segments dragged with $1.2 million losses on investments. Cash dipped to $9 million, yet liquidity stays solid at $25.5 million in assets, funding opportunistic bets. No guidance issued. Cybersecurity threats loom large, risking quarterly disruptions.
8-K
ENDI plans SEC deregistration
ENDI Corp. amended its merger agreement on January 12, 2024, shortening the Form S-4 effectiveness period to December 31, 2023, enabling deregistration of unsold securities, while deferring indefinitely its obligation to file a resale shelf registration. The company plans to file Form 15 for SEC deregistration, suspending reporting duties immediately and terminating registration after 90 days, shifting Class A common stock trading from OTCQB to OTC Pink. This cuts reporting and audit costs amid limited stockholders and low trading volume. No trading market is guaranteed post-shift.
10-Q
Q3 FY2023 results
ENDI Corp. posted solid Q3 results, with total revenues climbing 20.5% year-over-year to $2.6M, fueled by CrossingBridge's advisory fees that surged 17.5% y/y to $2.3M amid AUM growth to $1.8B, including the May RiverPark Strategic Income Fund acquisition adding $371M in assets. Gross profit held steady at 98%, while operating income swung to $568K from a $633K loss last year, thanks to lower transaction costs, though net income dipped to $462K or $0.08 per diluted share on higher taxes and warrant mark-to-market losses. Cash stood at $9.1M after $2.5M in operating inflows, with free cash flow not disclosed in the 10-Q; the firm also closed the RiverPark deal for variable payments capped at $1.3M over three years, recognizing $2.3M in intangibles amortized over 14 years. Investors should note risks from AUM outflows in sub-advised funds.
10-Q
Q2 FY2023 results
ENDI Corp. posted solid Q2 results, with total revenue climbing 30% year-over-year to $2.3M, fueled by CrossingBridge's advisory fees that rose 16% to $2.0M amid AUM growth to $1.6B, while Willow Oak and internet segments chipped in $72K and $183K respectively. Gross profit held strong at 98%, but operating expenses jumped 82% to $1.8M from higher compensation and fund costs, yielding operating income of $445K, down 43% y/y yet up sharply from Q1's $162K YTD total (derived). Net income hit $853K or $0.16 per diluted share on 5.5M shares, boosted by $355K warrant gains and $98K interest, with taxes at $209K; EPS aligns without dilution from 2.05M warrants. Cash dipped to $9.3M after $2.9M investing outflows, including a $955K private stake, but operations generated $1.5M YTD; no debt, full revolver access implied. The May RiverPark fund acquisition added $266M AUM for no upfront cash, locking in $2.3M intangibles over 14 years and a five-year earn-out capped at $1.3M. Ongoing litigation over past executive misconduct poses settlement risks.
8-K
Extended SEC filing deadline
ENDI Corp. extended its Registration Rights Agreement deadline to file a shelf registration statement with the SEC to March 31, 2024, up from August 1, 2023, via Amendment No. 3 signed on August 1. This gives the company more time to register resale of securities held by Cohanzick Management and majority Holders. The move delays liquidity for investors but keeps other terms intact.
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