secwatch.observer — SEC 8-K summary
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Issuer:     AMREP CORP. (AXR)
CIK:        0000006207
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001104659-24-032436
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMREP Q3 FY2024 net income $92K ($0.02/dil) vs $16.6M ($3.12) YoY
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- Q3 revenue $12.7M, up 39% YoY from $9.1M; net income plunged 99% due to prior-year $16.1M tax benefit.
- Nine-month net income $2.5M ($0.48/dil) vs $22.1M ($4.17/dil); revenue $31.8M vs $36.0M.
- Prior-year Q3 included $16.1M non-cash tax benefit from worthless stock deduction and $2.3M pension settlement expense.
- Company remains a land holder and homebuilder in New Mexico; 10-Q filed with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6207/000110465924032436/0001104659-24-032436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6207/000110465924032436/tm247786d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-032436

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer