GWG Holdings Reports Third Quarter 2016 Financial Results

MINNEAPOLIS, Nov. 08, 2016 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company and a leading purchaser in the life insurance secondary market, today announced its financial results for the third quarter ended September 30, 2016.

Highlights for the Three Months Ended September 30, 2016

GAAP Financial Information
Total revenue of $13.9 million, up over 68% from the prior year
Net loss attributable to common shareholders of $2.6 million, or $0.50 per basic and fully diluted share, respectively

Non-GAAP Financial Information1
Adjusted Non-GAAP net income of $7.6 million, or $1.28 per basic share2

Completed a ne…