NASDAQ$MSPR

Msp Recovery Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended September 30, 2022.

MSP Recovery reported a revenue increase of 234% compared to the third quarter of 2021, with total revenue reaching $8.3 million. The paid value of recoverable claims increased to $89.2 billion. The company also reduced debt by $63 million through a new warrant agreement with Brickell Key Investments, LP.

  • Paid Value of Potentially Recoverable Claims grew to $89.2 billion.
  • Total revenue for the third quarter of 2022 was $8.3 million, up 234% from the third quarter of 2021.
  • The Company reported a gain on debt extinguishment of $63.4 million.
  • LifeWallet entered into a licensing agreement with a new client for a $7.5 million fee.

Headline financials

Total Revenue

$201K

No prior period
EPS (adj)

-$5.00

No prior period
Paid Value of Recoverable Claims

$89.2B

No prior period
Capital Expenditures

-$1.86M

No prior period
Free Cash Flow

-$72.6M

No prior period
Net Income

-$463K

No prior period
Operating Income

-$79.8M

No prior period
Gross Profit

$201K

No prior period
Cash & Equivalents

$14.3M

No prior period
Total Assets

$6.57B

No prior period

Revenue & EPS history

MSP Recovery · Revenue · Quarterly

$201K

Q3 2022
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

MSP Recovery is providing guidance for its full year 2022 and expects to achieve Total Gross Recoveries, but now believes that it will achieve a substantial portion of these Total Gross Recoveries during 2023 due to various factors, including, but not limited to litigation delays

Headwinds

  • Litigation delays
  • The nature of the Company’s business
  • The timing and amount of Total Gross Recoveries that will be achieved, are inherently unpredictable
  • The Company cannot provide assurances regarding the timing
  • The Company cannot provide assurances regarding the amount of Total Gross Recoveries that will ultimately be achieved.

Historical earnings impact

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

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-6.8%

Avg return

Earnings day

-12.6%

Avg return

5 days after

-11.0%

Avg return

30 days after

20%

3 / 15 earnings

Positive

+10.6%

Q4 2025

Best reaction

-31.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+10.6%+0.0%-17.1%
Q3 2025-9.3%-18.7%-55.6%
Q2 2025-3.4%-26.7%-58.8%
Q1 2025-7.9%-16.2%-14.9%
Q4 2024-1.0%+4.0%-26.0%
Q3 2024-31.6%-31.4%-27.3%
Q2 2024-5.8%-12.8%-47.2%
Q1 2024-2.4%-12.9%-24.5%
Q4 2023-18.7%-16.8%-30.7%
Q3 2023+6.2%+4.5%-60.3%
Q2 2023+1.4%+2.8%+202.8%
Q1 2023-14.1%-32.1%+43.5%
Q4 2022-11.1%-28.9%-31.1%
Q3 2022-5.6%-14.4%-10.4%
Q2 2022-9.3%+10.5%-6.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro