Comstock Q1 revenue up 28% to $8.7M; net income $2.0M vs $0.4M YoY

Comstock Holding Companies, Inc.

2022-Q1 EPS reported $0.19 revenue$8,731,000

Revenue $8.7M (+28% YoY); net income $2.0M ($0.22 diluted EPS) vs $0.4M ($0.05) in Q1 2021.
Adjusted EBITDA $1.6M vs $0.6M in prior year period.
Completed JV acquisition of The Ansel, a 250-unit luxury high-rise in Rockville, MD.
Divested environmental consulting business (CES) for ~$1.4M total consideration.
Leased over 100,000 sq ft on managed portfolio; recorded $0.5M tax benefit from NOL release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Comstock Holding Companies, Inc. reported Q1 2022 results: revenue $8.7 million, net income $2.0 million, EPS $0.22.

Period: Q1 2022
Revenue: $8.7 million
Net income: $2.0 million
EPS: $0.22
Result: reported results

Exact text from the filing

Comstock Reports First Quarter 2022 Results • Revenue increased 28% to $8.7 million in Q1 2022 vs. $6.8 million in Q1 2021 • Net income from continuing operations of $2.0 million in Q1 2022 vs. $0.4 million in Q1 2021 • Adjusted EBITDA increased $1.0 million to $1.6 million in Q1 2022 vs. $0.6 million in Q1 2021

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Source: SEC EDGAR

accession 0001299969-22-000022

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