NASDAQ$AFCG

AFC Gamma Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

AFC Gamma reported strong first quarter results with increased net interest income and distributable earnings.

AFC Gamma announced strong Q1 2022 results, featuring a net income of $10.2 million, distributable earnings of $11.9 million, and a dividend of $0.55 per share. The company also closed $154.2 million of new commitments and funded $131.5 million of new and existing commitments.

  • Net income was $10.2 million, or $0.53 per basic weighted average share.
  • Distributable earnings were $11.9 million, or $0.62 per basic weighted average share.
  • A dividend of $0.55 per common share was paid, a 10% increase from the prior quarter.
  • Total loan commitments reached $482.7 million across 12 portfolio companies.

Headline financials

Total Revenue

$16.9M

Previous: $4.69M+261.5%
EPS (adj)

$0.62

Previous: $0.45+37.8%
Free Cash Flow

$10.2M

Previous: $1.4M+625.5%
Net Income

$10.2M

Previous: $1.4M+625.5%
Operating Income

$10.6M

Previous: $1.61M+555.1%
Gross Profit

$16.9M

Previous: $4.69M+261.5%
Cash & Equivalents

$63.6M

Previous: $127M-49.8%
Total Assets

$454M

Previous: $222M+105.0%
Stock-Based Comp

$990K

Previous: $1.6M-38.1%

Revenue & EPS history

AFC Gamma · Revenue · Quarterly

$16.9M

Q1 2022+261.5%vs Q1 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Board expects that the quarterly dividend should remain at least $0.55 per common share over the course of 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.8%

Avg return

30 days after

55%

12 / 22 earnings

Positive

+11.8%

Q2 2024

Best reaction

-20.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.8%+17.3%+26.0%
Q4 2025+8.6%+16.3%+27.1%
Q3 2025+0.9%-6.8%+8.6%
Q1 2025-4.7%-10.7%-21.2%
Q4 2024-20.4%-23.7%-43.9%
Q3 2024-2.1%+2.1%+1.5%
Q2 2024+11.8%+11.8%+19.1%
Q1 2024-0.6%+0.2%-2.0%
Q4 2023+4.1%+8.8%+5.2%
Q3 2023-0.4%-4.6%+11.7%
Q2 2023-3.1%-3.4%-3.5%
Q1 2023-4.1%-2.8%+13.6%
Q4 2022-7.7%-15.6%-25.4%
Q3 2022-9.7%-6.9%-1.6%
Q2 2022+1.5%+2.1%-3.5%
Q1 2022+9.7%+17.8%+16.2%
Q4 2021+0.0%+0.4%-5.9%
Q3 2020+2.1%+3.5%-5.1%
Q3 2021+2.1%+3.5%-5.1%
Q2 2021+0.5%-0.4%+5.3%
Q4 2020+4.8%+4.2%+11.2%
Q1 2021+4.8%+4.2%+11.2%

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