NASDAQ$AFCG

AFC Gamma Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

AFC Gamma reported GAAP net income and Distributable Earnings for the first quarter of 2023.

AFC Gamma reported a GAAP net income of $10.0 million, or $0.49 per basic weighted average common share, and Distributable Earnings of $11.6 million, or $0.57 per basic weighted average common share for Q1 2023. The company maintained ample liquidity and repurchased $10.0 million in principal amount of its 2027 Senior Notes.

  • GAAP net income was $10.0 million, or $0.49 per basic weighted average common share.
  • Distributable Earnings was $11.6 million, or $0.57 per basic weighted average common share.
  • A dividend of $0.56 per common share was declared for the first quarter of 2023.
  • The company repurchased $10.0 million in principal amount of its 2027 Senior Notes.

Headline financials

Total Revenue

$16.8M

Previous: $16.9M-0.6%
EPS (adj)

$0.57

Previous: $0.62-8.1%
Free Cash Flow

$10M

Previous: $10.2M-1.3%
Net Income

$10M

Previous: $10.2M-1.3%
Operating Income

-$7.14M

Previous: $10.6M-167.7%
Gross Profit

-$729K

Previous: $16.9M-104.3%
Cash & Equivalents

$80.6M

Previous: $63.6M+26.7%
Total Assets

$448M

Previous: $454M-1.4%
Stock-Based Comp

$269K

Previous: $990K-72.9%

Revenue & EPS history

AFC Gamma · Revenue · Quarterly

$16.8M

Q1 2023-0.6%vs Q1 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The release contains forward-looking statements regarding future events and financial performance, which are subject to uncertainties and risks.

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 2023

Historical avgQ1 2023

+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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