NASDAQ$AFCG

AFC Gamma Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

AFC Gamma reported an increase in net income and distributable earnings compared to Q3 2021.

AFC Gamma announced its Q3 2022 financial results, reporting a net income of $11.5 million, a 45% increase from Q3 2021, and distributable earnings of $11.8 million, a 64% increase from Q3 2021. The company paid a dividend of $0.56 per common share, representing a 30% increase from Q3 2021.

  • Net income of $11.5 million, a 45% increase from Q3 2021.
  • Distributable earnings of $11.8 million, a 64% increase from Q3 2021.
  • Dividend of $0.56 per common share, a 30% increase from Q3 2021.
  • Book value of $17.06 per share as of September 30, 2022, a 2.7% increase compared to December 31, 2021.

Headline financials

Total Revenue

$17.9M

Previous: $10.6M+68.9%
EPS (adj)

$0.59

Previous: $0.44+34.1%
Free Cash Flow

$11.5M

Previous: $7.93M+44.8%
Net Income

$11.5M

Previous: $7.93M+44.8%
Operating Income

$12.1M

Previous: $6.77M+78.5%
Gross Profit

$17.4M

Previous: $10.6M+63.8%
Cash & Equivalents

$36.3M

Previous: $70M-48.1%
Total Assets

$471M

Previous: $304M+55.1%
Stock-Based Comp

$114K

Previous: $51.4K+121.8%

Revenue & EPS history

AFC Gamma · Revenue · Quarterly

$17.9M

Q3 2022+68.9%vs Q3 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

AFC Gamma continues to act disciplined in its approach towards deploying capital to new and existing operators. Given substantial repayments subsequent to quarter end, the company's balance sheet remains strong, and they have ample capacity to complete additional deals with strong risk-adjusted returns.

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 Q3 2022

Historical avgQ3 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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