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Benzinga
Benzinga
Business
Anusuya Lahiri

NiSun Shares Jump On Share Buyback Approval

NISN Nasdaq Supply chain
  • NiSun Intl Enterprise Development Group Co, Ltd's (NASDAQ:NISN) board approved a share buyback of up to $8 million.
  • The share buyback program will be effective in June 2022 and will likely last through the next six months.
  • NiSun held $91.6 million in cash and equivalents as of December 31 and generated $23.9 million in operating cash flow.
  • NiSun reported FY21 revenue growth of 280% year-on-year to $160.2 million.
  • Revenue from Financial Services grew by 118% Y/Y to $92.1 million. Revenue from Supply Chain Trading Business was $68.1 million.
  • EPS was $1.41
  • Price Action: NISN shares traded higher by 18.8% at $1.01 in the premarket on the last check Friday.
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