BBX Capital posts Q4 2023 net loss of $12.9M vs. profit a year ago; revenue down 11%

BBX Capital, Inc.

Q4 revenue $96.1M vs. $107.6M YoY; net loss $(12.9)M vs. net income $15.4M; diluted EPS $(0.88) vs. $0.99.
Full year revenue $401.3M vs. $342.0M, but net loss $(20.8)M vs. net income $28.0M; diluted EPS $(1.44) vs. $1.81.
Cash and equivalents $90.3M; securities available for sale $44.6M; total assets $674.2M.
Note receivable from Bluegreen Vacations of $35.0M prepaid in full in January 2024.
Shareholders' equity $311.5M; fully diluted book value per share $21.59.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BBX Capital, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $96.1 million, net income $(12.9) million, EPS $(0.88).

Period: the fourth quarter and year ended December 31, 2023
Revenue: $96.1 million
Net income: $(12.9) million
EPS: $(0.88)
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 fourth quarter and year ended December 31, 2023 . Selected highlights of BBX Capital’s consolidated financial results include: Fourth Quarter 2023 Compared to Fourth Quarter 2022 ● Total consolidated revenues of $96.1 million vs. $107.6 million ● Loss before income taxes of $(15.1) million vs income before income taxes of $22.5 million ● Net loss attributable to shareholders of $(12.9) million vs. net income attributable to shareholders of $15.4 million ● Diluted loss per share of $(0.88) vs. diluted earnings per share of $0.99

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Source: SEC EDGAR

accession 0001437749-24-008089

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