Heritage Global Inc (HGBL) Earnings

Heritage Global, Inc. engages in the provision of corporate and financial asset liquidation transactions, valuations, and advisory services. The company is headquartered in San Diego, California and currently employs 86 full-time employees. The company went IPO on 2014-04-29. The firm's segments consist of the Auction and Liquidation segment, Refurbishment & Resale segment, Brokerage segment, and Specialty Lending segment. The Auction and Liquidation segment, through Heritage Global Partners, Inc., operates as a global full-service auction, appraisal and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment & Resale segment, through Heritage ALT LLC, acquires, refurbishes and supplies specialized laboratory equipment. The Brokerage segment, through National Loan Exchange Inc., brokers charge-off receivables in the United States and Canada on behalf of financial institutions. The Specialty Lending segment, through Heritage Global Capital LLC, provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios.