Caliber reports Q2 2023 net loss of $5.7M ($0.29/share) vs $0.5M loss YoY; revenue +9.4% to $20.4M

CaliberCos Inc.

2023-Q2 EPS reported -$0.37 revenue$49,967,000

FV AUM grew 29.4% YoY to $825.3M; managed capital up 24.1% to $401.8M.
Asset management revenue run rate increased to $9.6M, up 15.3% vs FY2022.
Fund management segment net loss widened to $5.8M from $2.1M due to higher payroll and growth investments.
Pending contribution of 9 hotels from L.T.D. Hospitality expected to close by year-end, adding ~$200M FV AUM.
IPO in May raised $4.8M; July lot sale yielded $3.8M from Ridge at Johnstown project.

item 2.02 item 7.01 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

CaliberCos Inc. reported the second quarter ended on June 30, 2023 results: revenue $20.4 million, net income $5.7 million, EPS $0.29 per diluted share.

Period: the second quarter ended on June 30, 2023
Revenue: $20.4 million
Net income: $5.7 million
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

Second Quarter 2023 Financial Results, Compared to Second Quarter 2022 • Total revenues of $20.4 million

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

CaliberCos Inc. filing history →

Source: SEC EDGAR

accession 0001627282-23-000035

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