Caliber Q3 2023 net loss $3.4M; revenue down 13% to $17.0M; AUM up 20% to $822.5M

CaliberCos Inc.

2023-Q3 EPS reported -$0.53 revenue$66,992,000

Net loss attributable to Caliber $3.4M ($0.16/sh) vs net income $4.4M ($0.22/sh) in Q3 2022.
Total revenue $17.0M, down 12.7% YoY; segment revenue $3.7M, down 55.6% due to lower transaction and advisory fees.
Asset management revenue $2.4M, up 26% YoY; FV AUM $822.5M, up 20% YoY.
Caliber Adjusted EBITDA loss of $1.5M vs $5.7M gain in prior year.
Long-term targets: $750M cumulative fundraising (2024-2026), $3B AUM, $50M annualized segment revenue by end 2026.

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 0.95

CaliberCos Inc. reported third quarter ended on September 30, 2023 results: revenue $17.0 million, net income Net loss attributable to Caliber of $3.4 million, or $0.16 per diluted share, EPS $0.16 per diluted share.

Period: third quarter ended on September 30, 2023
Revenue: $17.0 million
Net income: Net loss attributable to Caliber of $3.4 million, or $0.16 per diluted share
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

and manager, today reported results for the third quarter ended on September 30, 2023. Third Quarter 2023 Financial Results, Compared to Third Quarter 2022 • Total revenue of $17.0 million, a 12.7% decrease • Segment revenue of $3.7 million, a 55.6% decrease • Asset management (“AM”) revenue (1) of $2.4 million, a 26.0% increase; asset management revenue run rate

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Source: SEC EDGAR

accession 0001627282-23-000055

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