SUI Group Holdings Ltd. SUIG
Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a Minnesota corporation headquartered in Wayzata, Minnesota. The Company was originally incorporated as Mill City Ventures III, Ltd. in the State of Minnesota on January 10, 2006. From our inception until December 13, 2012, we operated as a development-stage company involved in the gaming and entertainment industry. In 2013, we elected to become a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act"). We operated as a BDC until we withdrew our BDC election on December 27, 2019.
Following the withdrawal of our BDC status, we operated as a publicly traded specialty finance company focused on short-term, non-bank lending solutions, which we refer to as our portfolio investment business. Our portfolio investment business focused on providing short-term specialty finance solutions primarily to private businesses, micro- and small-cap public companies and high-net-worth individuals. To avoid again becoming subject to regulation under the 1940 Act, we monitor our holdings as a whole with the aim of ensuring that no more than 40% of our total assets may consist of "investment securities," as that term is defined and understood under the 1940 Act.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M | $3.3M | — | — | — | — | — | — | — | $3.0K |
| Cost of revenue | — | — | — | — | — | — | — | — | — | $12.1K |
| Gross profit | — | — | — | — | — | — | — | — | — | -$9.1K |
| SG&A | — | — | — | — | — | — | — | — | $107.9K | $130.3K |
| Total operating expenses | $267.9M | $1.7M | $3.7M | $3.4M | $1.4M | $735.8K | — | — | — | — |
| Operating income | -$264.0M | $1.6M | — | — | — | — | — | — | -$107.9K | -$139.4K |
| Interest expense | — | — | $78.0K | $195.9K | $9.5K | — | — | — | $19.0K | $9.2K |
| Pre-tax income | -$264.2M | $1.6M | -$711.0K | — | — | — | — | — | — | — |
| Income tax | $743.4K | $425.4K | $454.6K | $9.6K | $1.1M | $288.4K | — | — | — | — |
| Net income | -$265.0M | $1.2M | -$1.2M | — | — | — | — | — | -$126.8K | -$148.6K |
| EPS, basic | -6.59 | 0.18 | -0.18 | 0.02 | 0.59 | 0.20 | — | — | — | — |
| EPS, diluted | -6.59 | 0.18 | — | — | 0.26 | 0.20 | — | — | -0.01 | -0.01 |
| Shares, diluted (wtd. avg.) | 40.2M | 6.5M | 6.4M | 5.3M | 4.8M | 4.8M | 4.9M | 4.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $21.9M | $6.0M | $376.0K | $1.1M | $1.9M | $5.4M | $8.1M | — | — | — |
| Total current assets | $30.3M | $20.5M | — | — | — | — | — | — | $22.8K | $3.1K |
| Total assets | $190.4M | $20.5M | $19.1M | $18.7M | $16.7M | $12.5M | — | — | $22.8K | $3.1K |
| Accounts payable | $857.3K | $41.1K | — | — | $64.0K | $32.9K | — | — | $3.1K | $8.8K |
| Total current liabilities | $12.7M | $715.4K | — | — | — | — | — | — | $217.7K | $107.9K |
| Total liabilities | $20.6M | $715.4K | $516.4K | $863.2K | $3.3M | $870.0K | — | — | $217.7K | $119.1K |
| Retained earnings | -$262.1M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | — | — | — | — |
| Total equity | $169.7M | $19.8M | $18.6M | $17.9M | $13.4M | $11.6M | $10.1M | — | -$194.9K | -$116.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.2M | $5.7M | -$1.1M | -$4.9M | -$1.9M | -$2.5M | — | — | -$65.3K | -$62.4K |
| Stock-based compensation | $4.4M | $0 | $1.5M | $0 | $15.4K | $61.0K | — | — | $48.0K | $60.0K |
| Investing cash flow | -$195.4M | $0 | — | — | — | — | — | — | — | — |
| Financing cash flow | $219.5M | $0 | $424.0K | $4.0M | -$1.6M | -$162.9K | — | — | $85.0K | $60.0K |
| Dividends paid | — | — | — | $0 | $1.6M | — | — | — | — | — |
| Buybacks | $18.9M | $0 | — | — | — | $162.9K | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-032857.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2010 | FY2011 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0K | — | — | — | — | — | — | — | $3.3M | $3.9M |
| Gross profit | -$9.1K | — | — | — | — | — | — | — | — | — |
| Net income | -$148.6K | -$126.8K | — | — | — | — | — | -$1.2M | $1.2M | -$265.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Item 5.02
- Other event Item 8.01
- Material agreement signed Item 1.01
- Other event Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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