Mill City Ventures III, Ltd. (MCVT)

NASDAQ: MCVT · IEX Real-Time Price · USD
2.670
+0.140 (5.53%)
At close: Mar 1, 2024, 12:17 PM
2.510
-0.160 (-5.99%)
After-hours: Mar 1, 2024, 4:00 PM EST
5.53%
Market Cap 17.05M
Revenue (ttm) 2.51M
Net Income (ttm) -594,019
Shares Out 6.39M
EPS (ttm) -0.05
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 250
Open 2.670
Previous Close 2.530
Day's Range 2.670 - 2.670
52-Week Range 2.020 - 3.770
Beta 1.05
Analysts n/a
Price Target n/a
Earnings Date Apr 15, 2024

About MCVT

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies. The firm also advises its portfolio companies with regard to finance and operations. It was formerly known as Poker Magic, Inc. Mill City Ventures III, Ltd. was founded in January, 2006 and ... [Read more]

Industry Credit Services
Sector Financials
Founded 2007
Employees 3
Stock Exchange NASDAQ
Ticker Symbol MCVT
Full Company Profile

Financial Performance

In 2022, MCVT's revenue was $3.32 million, a decrease of -36.54% compared to the previous year's $5.23 million. Earnings were $106,958, a decrease of -96.22%.

Financial Statements

News

Mill City Ventures III, Ltd. Extends Further Credit to Mustang Litigation Funding

MINNEAPOLIS, MN / ACCESSWIRE / September 11, 2023 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it extended an ad...

6 months ago - Accesswire

Mill City Ventures III, Ltd. Reports 2022 Fourth Quarter and Full Year Financial Results

Investment Income from Lending Operations Increases 58% Shareholder Equity Increases 36.7% Mustang Acquisition on Pace to Close in 2023 Second Half MINNEAPOLIS, MN / ACCESSWIRE / April 17, 2023 / Mill...

11 months ago - Accesswire

Mill City Ventures Makes $1.2 Million Short-Term Loan

MINNEAPOLIS, MN / ACCESSWIRE / March 10, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has completed the financing of a $1.2 million loan.

1 year ago - Accesswire

Mill City Provides $2.5 Million Short-Term Bridge for Real-Estate Venture

MINNEAPOLIS, MN / ACCESSWIRE / February 2, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided a $2.5 million bridge loan for a multi-famil...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Provides Short-Term Loan to Mustang Litigation Funding

MINNEAPOLIS, MN / ACCESSWIRE / December 14, 2022 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that, in accordance wit...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Enters into Letter of Intent to Acquire Mustang Funding, LLC

MINNEAPOLIS, MN / ACCESSWIRE / December 6, 2022 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it has entered into...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Reports 2022 Third Quarter Financial Results Investment Income From Lending Operations Increases 47.5% Shareholder Equity Increases 39%

MINNEAPOLIS, MN / ACCESSWIRE / November 21, 2022 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) ("Mill City" or the "Company") a non-bank lender and specialty finance company, today announced financial ...

1 year ago - Accesswire

Mill City Funds $855,000 Short-Term Insurance Settlement

MINNEAPOLIS, MN / ACCESSWIRE / November 3, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (Nasdaq:MCVT) announced today its funding of a settled insurance claim in the amount of $8...

1 year ago - Accesswire

Mill City Ventures to Present at Sidoti November Microcap Conference

MINNEAPOLIS, MN / ACCESSWIRE / November 2, 2022 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) announced that Chief Executive Officer, Douglas Polinsky, and Chief Financial Officer, Joseph Geraci, are s...

1 year ago - Accesswire

Mill City Provides Short-Term Funding to Facilitate Merger of Podcast Platforms

MINNEAPOLIS, MN / ACCESSWIRE / October 18, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided $2.225 million of short-term debt financing ...

1 year ago - Accesswire

Mill City Funds $840,000 Short-Term Insurance Settlement

MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today its funding of a settled insurance claim in the amount of ...

1 year ago - Accesswire

Mill City Ventures III: A Hidden Gem in the Specialty Finance Domain

Some banks have been taking a more cautious approach towards lending as a result of the unfavorable economic situation. When combined with the rate hikes by the Federal Reserve, the gap between banks ...

1 year ago - GuruFocus

Mill City Ventures III Ltd. Funds a $550,000 Short-Term Insurance Settlement

MINNEAPOLIS, MN / ACCESSWIRE / August 24, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today its funding of a settled insurance claim in the amount of $55...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Reports 2022 Second Quarter Financial Results

MINNEAPOLIS, MN / ACCESSWIRE / August 16, 2022 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial resu...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Announces Closing of $5.0 Million Public Offering and Uplisting to Nasdaq

MINNEAPOLIS, MN / ACCESSWIRE / August 11, 2022 / Mill City Ventures III, Ltd. (NasdaqCM:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced the closing ...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Provides 2nd Quarter Fiscal 2022 Guidance Revenue Increased 83% Year Over Year and 83% for 6-Month Period

MINNEAPOLIS, MN / ACCESSWIRE / August 10, 2022 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a leading non-bank lender and specialty finance company is pleased to provide guidance for the second quart...

1 year ago - Accesswire

Mill City Ventures III, Ltd. Announces Pricing of $5.0 Million Public Offering and Concurrent Uplisting to the Nasdaq Capital Market

MINNEAPOLIS , Aug. 9, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (NasdaqCM: MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced the pricing of it...

1 year ago - PRNewsWire

SmallCapsDaily: Mill City Ventures Outperforms in the Specialty Finance Space

New York, New York--(Newsfile Corp. - August 2, 2022) - Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, was the subject of recent coverage by leading finan...

1 year ago - Newsfile Corp

Mill City Ventures III, Ltd. Reports Quarterly Results

MINNEAPOLIS , May 16, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, disclosed its revenue and net income for the quarter ended March...

1 year ago - PRNewsWire

Mill City Ventures reports record year for revenues, earnings for 2021

WAYZATA, Minn., March 17, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd.

2 years ago - PRNewsWire

Mill City Ventures III, Ltd. Advances $3.4 Million To Developer For Glendale, AZ Townhome Project; Anticipated 53% Annualized Return

MINNEAPOLIS, March 7, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB:MCVT), a non-bank lender and specialty finance company, announced today its funding of a $3.4 million short-term loan to ...

2 years ago - PRNewsWire

Mill City Ventures Closes on $3.9 million Funding The Single Largest Transaction In Corporate History

MINNEAPOLIS, Feb. 28, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, announced today its funding of a pre-closing to the sale of a 35...

2 years ago - PRNewsWire

Mill City Ventures Files S-1 Registration Statement

MINNEAPOLIS, Feb. 16, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company announced the filing of an S-1 registration statement contemplati...

2 years ago - PRNewsWire

Mill City Ventures Participates in $1.25M Short Term Insurance Settlement, Continuing to Pursue Additional Lending in Settled Claims, Asset-Based Loans, Real Estate Backed Loans and Other Bespoke Lending Opportunities

MINNEAPOLIS, Feb. 7, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company announced today its funding of a settled insurance claim.

2 years ago - PRNewsWire

Mill City Ventures III, Ltd. Reports Record Quarterly Results

MINNEAPOLIS, Nov. 15, 2021 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, announced today its revenue and net income for the quarter ended...

2 years ago - PRNewsWire