BBX Capital Q2 net loss $8.0M ($0.56/share); revenue $106.8M; Renin covenant breach

BBX Capital, Inc.

2023-Q2 EPS reported -$0.01 revenue$201,842,000

Net loss attributable to shareholders $8.0M vs net income $10.5M in Q2 2022; diluted EPS $(0.56) vs $0.68.
Total consolidated revenues $106.8M, up 27.6% from $83.7M; loss before taxes $8.7M vs income $16.6M.
Renin not in compliance with financial covenants under TD Bank credit facility; may lose line of credit.
BBX Real Estate income before taxes $4.3M vs $25.1M; equity in earnings down on prior-year sales.
Balance sheet: cash $81.5M, securities $61.4M, total assets $673.7M, equity $336.3M, book value $22.00/share.

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

BBX Capital, Inc. reported the second quarter of 2023 results: revenue $106.8 million, net income $(8.0) million, EPS $(0.56) per diluted share.

Period: the second quarter of 2023
Revenue: $106.8 million
Net income: $(8.0) million
EPS: $(0.56) per diluted share
Result: reported results

Exact text from the filing

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the second quarter of 2023. Selected highlights of BBX Capital’s consolidated financial results include: Second Quarter 2023 Compared to Second Quarter 2022 ● Total consolidated revenues of $106.8 million vs. $83.7 million ● Loss before income taxes of $(8.7) million vs. income before taxes of $16.6 million ● Net loss attributable to shareholders of $(8.0) million vs. net income attributable to shareholders of $10.5 million ● Diluted loss per share of $(0.56) vs. diluted earnings per share of $0.68

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BBX Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-022799

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