NASDAQ$REFI

Chicago Atlantic Real Estate Finance Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 financial results.

Chicago Atlantic reported its results for the first quarter ended March 31, 2022, showing strong loan fundings and growth potential in the cannabis industry.

  • The cannabis industry presents returns more correlated to regulatory milestones than the overall economic or interest rate environment.
  • The company has a pipeline of $911 million in potential fundings.
  • $86.7 million of loan fundings occurred during the quarter.
  • Another $25 million was funded to date in the second quarter.

Headline financials

Total Revenue

$9.83M

No prior period
EPS (adj)

$0.45

No prior period
Free Cash Flow

$7.8M

No prior period
Net Income

$7.8M

No prior period
Operating Income

$6.62M

No prior period
Gross Profit

$8.65M

No prior period
Cash & Equivalents

$6.08M

No prior period
Total Assets

$286M

No prior period
Stock-Based Comp

$121K

No prior period

Revenue & EPS history

Chicago Atlantic · Revenue · Quarterly

$9.83M

Q1 2022
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

The company expects to maintain its strong start to the year with additional capital to support growth through its revolving credit facility and potential facility increase.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.5%

Avg return

30 days after

32%

6 / 19 earnings

Positive

+11.1%

Q3 2022

Best reaction

-5.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-7.2%-8.0%
Q4 2025-0.3%+2.7%-5.3%
Q3 2025-2.3%+0.4%-1.1%
Q1 2025+0.4%+2.8%-1.6%
Q4 2024-3.5%-2.2%-15.1%
Q3 2024+1.5%+0.4%+2.8%
Q2 2024-1.4%-2.5%+1.4%
Q1 2024-2.4%-1.4%-1.9%
Q4 2023-1.1%-1.0%-4.4%
Q3 2023+0.5%+0.3%+4.0%
Q2 2023-1.7%-3.4%-1.2%
Q1 2023+3.8%+1.3%+8.4%
Q4 2022-5.6%-8.5%-3.6%
Q3 2021+11.1%+11.5%+13.4%
Q3 2022+11.1%+11.5%+13.4%
Q2 2022-2.8%+0.5%-5.2%
Q1 2022+0.0%-1.6%+4.0%
Q2 2021-3.4%-1.8%-12.2%
Q4 2021-0.2%+3.3%+2.9%

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