Mill City Ventures III (Nasdaq: MCVT) reported significant financial improvements for 2024, achieving a net investment gain of $1.33 million, a turnaround from a $420,000 loss in 2023. Investment income remained stable at $3.30 million, while operating expenses were reduced by 47% to $1.98 million. Although loan revenue slightly decreased to $2.76 million from $2.84 million, the company shifted focus to larger, higher-yield loans, processing 10 loans in 2024 compared to 26 in 2023. Cash reserves saw a substantial increase, rising from $376,000 to $6.03 million, enhancing the company’s liquidity position.