MINNEAPOLIS, March 08, 2017 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, today announced its financial results for the fourth quarter and full year ended December 31, 2016.
Highlights for the Three Months Ended December 31, 2016
GAAP Financial Information
— Total revenue of $16.9 million, up over 184% from the prior year
— Net loss of $3.1 million, or ($0.52) per basic and fully diluted share
Adjusted Non-GAAP Financial Information1
— Net income of $11.5 million, or $1.92 per basic share2