Bimini Capital reports Q3 net loss of $3.2M; book value drops to $2.38

BIMINI CAPITAL MANAGEMENT, INC.

Net loss of $3.2M ($0.31/share) vs. net income of $464k in Q3 2021.
Book value per share fell to $2.38 from $3.08 at Dec 31, 2021.
Advisory services revenue of $3.3M; mark-to-market loss of $3.1M on Orchid common stock.
MBS portfolio total return of -18.3% for the quarter; pass-through return -31.5%.
Combined portfolio market value $44.3M; liquidity $6.1M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. reported the three-month period ended September 30, 2022 results: revenue $3.3 million, net income Net loss of $3.2 million, EPS $0.31 per common share.

Period: the three-month period ended September 30, 2022
Revenue: $3.3 million
Net income: Net loss of $3.2 million
EPS: $0.31 per common share
Result: reported results

Exact text from the filing

2022 Results of Operations The Company reported net loss of $3.2 million for the three-month period ended September 30, 2022. Advisory service revenue for the quarter was $3.3 million. We recorded interest and dividend income of $0.7 million and interest expense on repurchase agreements of $0.2 million and long-term debt of $0.4 million. We recorded a $3.1

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Source: SEC EDGAR

accession 0001275477-22-000024

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