Financial Data and Key Metrics Changes - Consolidated operating income for Q4 2023 was $4.6 million, up from $3.1 million in Q4 2022, while adjusted EBITDA increased to $4.9 million from $3.4 million year-over-year [13][19] - Full year 2023 operating income reached $14.3 million, indicating strong performance across the business [19] - Net income for Q4 2023 was $4.9 million or $0.13 per diluted share, down from $10 million or $0.27 per diluted share in Q4 2022, primarily due to reduced income tax valuation allowance [22] Business Line Data and Key Metrics Changes - Specialty Lending segment reported a gross investment balance in notes receivable of $38.4 million, an increase of $16.3 million compared to the prior year [9] - Financial Assets division's operating income increased by 90% to $8.9 million, driven by an expanded client base and higher volumes of charged-off loans [20][42] - Core Auction and Resale segments saw growth in transaction volumes, with operating income of $7.8 million, down from $9.2 million in 2022 due to the absence of earnings from real estate joint ventures [10] Market Data and Key Metrics Changes - The addressable market has significantly increased due to the highest-ever consumer debt levels, which is expected to drive growth in the coming years [11][30] - The auction business is anticipated to maintain strong momentum into 2024, supported by high consumer debt and increased volumes of charged-off credit cards [42] Company Strategy and Development Direction - The company aims to leverage the growing addressable market and is focused on managing risk in its loan portfolio while redeploying principal remittances for higher quality collateral [47][59] - There is a strategic emphasis on synergistic growth through acquisitions, such as American Lab trading, which enhances the auction business [61] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a solid and profitable year in 2024, despite the challenges of comparing against record performance in previous years [26][28] - The company is optimistic about the stability of profits over the next two to three years, given the current supply dynamics in the market [30] Other Important Information - The balance sheet remains strong, with stockholders' equity increasing to $61.1 million as of December 31, 2023, up from $48.3 million a year earlier [45] Q&A Session All Questions and Answers Question: How does the company view growth in 2024 given the macro environment? - Management indicated that while it is challenging to predict growth after a record year, the addressable market is larger than last year, suggesting potential for increased profitability [26][49] Question: What is the status of the loan book and reserves? - Management confirmed that no significant changes were made to the credit loss reserve in Q4, and they feel comfortable with the current position based on thorough analysis and borrower performance [50] Question: How sustainable is the growth at NLEX? - Management noted that the growth is supported by both macro dynamics and an increasing number of customers, indicating a favorable environment for continued growth [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-39471 HERITAGE GLOBAL INC. (Exact Name of Registrant as Specified in Its Charter) Florida 59-2291344 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer ...

Heritage Global Inc. (NASDAQ:HGBL) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants John Nesbett - Investor Relations Ross Dove - Chief Executive Officer Brian Cobb - Chief Financial Officer Conference Call Participants Mark Argento - Lake Street Capital Markets George Sutton - Craig-Hallum Capital Group Michael Diana - Maxim Group Operator Ladies and gentlemen, greetings, and welcome to the Heritage Global Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instruc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39471 HERITAGE GLOBAL INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Org ...

Heritage Global Inc. (NASDAQ:HGBL) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants John Nesbett - Investor Relations Ross Dove - Chief Executive Officer Brian Cobb - Chief Financial Officer Conference Call Participants Mark Argento - Lake Street Capital Markets George Sutton - Craig-Hallum Operator Greetings and welcome to Heritage Global Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39471 HERITAGE GLOBAL INC. 12625 High Bluff Drive, Suite 305, San Diego, CA 92130 (Address of Principal Executive Offices) (858) 847-0659 ( ...

Heritage Global Inc. (NASDAQ:HGBL) Q1 2023 Earnings Conference Call May 11, 2023 5:00 PM ET Company Participants John Nesbett - IR Ross Dove - CEO Brian Cobb - CFO Conference Call Participants Mark Argento - Lake Street Operator Welcome to the Heritage Global Inc. First Quarter 2023 Earnings Call. [Operator Instructions] I will now turn the call over to your host, John Nesbett, IMS Investor Relations. You may begin. John Nesbett Thank you, and good afternoon, everyone. Before we begin, I'd like to remind ev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39471 HERITAGE GLOBAL INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File No. 001-39471 HERITAGE GLOBAL INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorpora ...

Heritage Global Inc. (NASDAQ:HGBL) Q4 2022 Earnings Conference Call March 9, 2023 5:00 PM ET Company Participants John Nesbett - IR Ross Dove - CEO Brian Cobb - CFO Conference Call Participants Mark Argento - Lake Street Michael Diana - Maxim Group Operator Thank you for standing by. This is the conference operator. Welcome to the Heritage Global Inc. Fourth Quarter and Year-end 2022 Conference Call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. [Operator Ins ...