NiSun Shares Jump On Share Buyback Approval

NiSun Intl Enterprise Development Group Co, Ltd's 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.