earnings
confidence high
sentiment negative
materiality 0.78
Five Point Q1 2022 net loss $36.8M; restructuring charges $19.4M; headcount cut 29%
Five Point Holdings, LLC
- Consolidated revenues of $4.9M; net loss attributable to company of $17.1M.
- Restructuring expense of $19.4M from executive advisory agreements and layoffs.
- Headcount reduced by ~29% since start of 2022, primarily from Q1 layoffs.
- CEO Dan Hedigan appointed Feb 9, 2022 as part of management transition; Lynn Jochim moved to advisory role.
- Debt to capitalization 25.1%; liquidity $328.3M; Solis Park (~850 homes) planned summer 2022 opening.