secwatch.observer — SEC 8-K summary
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Issuer:     CaliberCos Inc. (CWD)
CIK:        0001627282
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001627282-24-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caliber reports Q1 net loss $3.8M; revenue down 22.3% YoY; announces $6M cost savings plan
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- Total revenue $23.0M, down 22.3% YoY; net loss $3.8M ($0.18/sh) vs loss $1.2M ($0.07).
- Adjusted EBITDA loss $1.7M vs positive $1.0M; FV AUM $766.7M (+3.4%).
- Identified $6M+ annual cost savings; target operating cost ~$15M; $2.5M non-payroll, $4M payroll by 2025.
- Subsequent events: land sales total $20M (two parcels); CHT $10M preferred equity commitment; SP10 capitalization.
- Fundraising team signed 26 selling agreements with reps managing $3.4B AUM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627282/000162728224000053/0001627282-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627282/000162728224000053/cwd-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001627282-24-000053

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