BBX Capital reports Q3 net loss of $7.8M; revenue up to $103.3M but operating loss widens

BBX Capital, Inc.

2023-Q3 EPS reported -$0.56 revenue$305,120,000

Net loss of $7.8M ($0.55 diluted loss per share) vs net income of $4.0M ($0.26 EPS) in Q3 2022.
Total revenue $103.3M, up 37% YoY, driven by real estate asset sales; equity earnings from joint ventures fell sharply.
BBX Sweet Holdings (IT'SUGAR) loss before taxes of $(2.4)M; founder stepped down as CEO; acquired his noncontrolling interest.
Renin not in compliance with TD Bank financial covenants; discussions ongoing; potential material adverse effect on liquidity.
Cash and equivalents $102.5M; fully diluted book value per share $21.60.

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 1.0

BBX Capital, Inc. reported third quarter of 2023 results: revenue $103.3 million, net income $(7.8) million, EPS $(0.55).

Period: third quarter of 2023
Revenue: $103.3 million
Net income: $(7.8) million
EPS: $(0.55)
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 third quarter of 2023. Selected highlights of BBX Capital’s consolidated financial results include: Third Quarter 2023 Compared to Third Quarter 2022 ● Total consolidated revenues of $103.3 million vs. $75.2 million ● Loss before income taxes of $(7.1) million vs. income before taxes of $6.5 million ● Net loss attributable to shareholders of $(7.8) million vs. net income attributable to shareholders of $4.0 million ● Diluted loss per share of $(0.55) vs. diluted earnings per share of $0.26

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BBX Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-030953

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