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Monday, August 16, 2021 9:13:28 PM
Gig Harbor, Washington , Aug. 16, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes(R)," or the "Company"), (NASDAQ: HCDI; HCDIP; HCDIW), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that 2021 second quarter revenues were $14,132,400 with net income of $1,069,400. Second quarter revenues were 70% greater than the second quarter of 2020 and net income increased 346% over the same period. Harbor CEO, Sterling Griffin stated, "We are excited to achieve our first profitable quarter as a public company and look forward to building on this success for the balance of 2021 and beyond."
"I'm thrilled with the momentum we gained over the past six months, which serves as further validation of our development approach. We're able to serve multiple segments of the home buying market while also providing developed lot inventory for national public builders, which provides the Company a steady and diverse stream of revenue. With a business strategy rooted in disciplined analysis, agility and highly efficient operations, we are well positioned for continued growth. I'm very proud of our employees' diligent work that has led to significant progress across all segments of our business," further stated Mr. Griffin.
Recent HCDI News
- Harbor Custom Development, Inc., Announces Chapter 11 Bankruptcy Protection Filing • GlobeNewswire Inc. • 12/11/2023 10:30:00 PM
- Harbor Custom Development, Inc., Announces Board of Directors’ Resignation • GlobeNewswire Inc. • 09/22/2023 07:00:00 PM
- Harbor Custom Development, Inc., Announces 17 Luxury Homes Coming to the Horseshoe Bay and Austin MSAs • GlobeNewswire Inc. • 08/16/2023 04:30:00 PM
- Harbor Custom Development, Inc., Now Leasing Meadowscape Apartments in Olympia, WA • GlobeNewswire Inc. • 08/15/2023 01:30:00 PM
- Harbor Custom Development, Inc. Reports 2023 Second Quarter and Year to Date Financial Results • GlobeNewswire Inc. • 08/14/2023 01:30:10 PM
- Harbor Custom Development, Inc., Announces Date of Second Quarter 2023 Earnings Release and Presentation • GlobeNewswire Inc. • 08/02/2023 06:30:00 PM
- Harbor Custom Development, Inc., Promotes New Leadership Team • GlobeNewswire Inc. • 07/18/2023 02:05:00 PM
- Harbor Custom Development, Inc., Announces Interim CEO at the Annual Meeting of Shareholders • GlobeNewswire Inc. • 07/13/2023 05:20:00 PM
- Harbor Custom Development, Inc., Secures $19,950,000 Loan with Sound Capital to Refinance Belfair View Apartment Project • GlobeNewswire Inc. • 07/06/2023 01:30:00 PM
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