NYSE$SACH

Sachem Capital Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Achieved record annual revenue and increased net income.

Sachem Capital Corp. reported a strong fourth quarter and full year for 2020, with a 98% increase in Q4 revenue to $5.7 million and a 150% increase in net income to $2.3 million. The company's annual revenue reached a record $18.6 million, and net income was $9.0 million.

  • Q4 2020 revenue increased by 98% compared to the same period last year.
  • Q4 2020 net income increased by 150% compared to Q4 2019, reaching $2.3 million.
  • The company scaled back lending activities in Q2 2020 but reverted to standard lending criteria on July 1, 2020.
  • Sachem Capital diversified geographically, lending in ten states with 14% of mortgage loans outside of Connecticut.

Headline financials

Total Revenue

$5.71M

Previous: $2.89M+97.6%
EPS (adj)

$0.11

Previous: $0.02+450.0%
Capital Expenditures

$30.5K

Previous: $45.3K-32.6%
Free Cash Flow

$2.21M

Previous: $757K+191.6%
Net Income

$2.3M

Previous: $6.2M-62.9%
Gross Profit

$5.71M

Previous: $2.89M+97.6%
Cash & Equivalents

$56.7M

Previous: $34.6M+63.9%
Total Assets

$227M

Previous: $141M+60.6%
Stock-Based Comp

$4.11K

Previous: $30.8K-86.7%

Revenue & EPS history

Sachem Capital · Revenue · Quarterly

$5.71M

Q4 2020+97.6%vs Q4 2019
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Forward guidance

Sachem Capital is optimistic about its continued growth in 2021, citing a favorable competitive landscape and a robust loan pipeline.

Tailwinds

  • Favorable competitive landscape
  • Robust loan pipeline
  • Strong balance sheet
  • Cash and short-term marketable securities of approximately $56.7 million
  • Geographic diversification

Headwinds

  • COVID-19 pandemic impact
  • Increased indebtedness
  • Potential risks, uncertainties and assumptions
  • Events and circumstances may not occur
  • Actual results could differ materially

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 Q4 2020

Historical avgQ4 2020

+0.2%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-0.1%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+37.6%

Q1 2026

Best reaction

-18.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+37.6%+19.8%-7.6%
Q4 2025+1.5%-11.5%-3.7%
Q3 2025+1.0%+0.9%+2.8%
Q2 2025-1.8%-2.6%+6.9%
Q1 2025-3.9%-6.5%-4.2%
Q4 2024-9.6%+0.9%-10.4%
Q3 2024-8.2%-15.4%-32.8%
Q2 2024-1.7%-1.3%+9.0%
Q1 2024+0.3%+1.6%-6.6%
Q4 2023-18.8%-19.1%-29.4%
Q3 2023+2.6%+3.5%+12.5%
Q2 2023-3.5%-3.7%+4.0%
Q1 2023-7.5%-6.3%-0.6%
Q4 2022+1.4%-1.1%-5.2%
Q3 2022+11.7%+7.5%+4.5%
Q2 2022-1.0%+0.6%-14.2%
Q1 2022+1.9%+1.9%+7.3%
Q4 2021+1.2%-1.7%-6.8%
Q3 2021+2.1%+1.6%+1.2%
Q2 2021-0.6%-5.5%+2.4%
Q1 2021+0.0%-2.3%+0.0%
Q4 2020+3.3%+4.8%-0.6%
Q3 2020+5.0%-0.2%+3.9%
Q2 2020+4.2%+2.3%-3.4%
Q1 2020+24.5%+6.1%+39.3%
Q4 2019-16.7%-19.6%+17.7%
Q3 2019-1.6%-1.2%+5.4%
Q2 2019-2.2%-2.8%-7.2%
Q1 2019+3.1%+4.9%+17.7%
Q4 2018-1.8%+2.7%+0.9%
Q3 2018-5.4%-4.4%-5.6%
Q2 2018+2.9%+0.5%+2.0%
Q1 2018-2.7%-0.5%+10.9%
Q4 2017-3.5%+2.6%+4.2%
Q3 2017-6.7%-10.3%-6.7%
Q2 2017+0.0%+2.1%-7.4%
Q1 2017+1.9%+0.8%-3.3%

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