BBX Capital Q1 2022 net loss $1.8M ($0.12/share); Renin loss before taxes $3.7M, amends credit facility

BBX Capital, Inc.

2022-Q1 EPS reported -$0.12 revenue$75,476,000

Consolidated revenue $75.5M, up 22% YoY, but net loss of $1.8M vs. net income $2.3M.
Renin trade sales fell to $33.5M from $38.7M; gross margin dropped to 5.1% from 15.6%; Renin amended credit facility in May 2022 after non-compliance.
BBX Sweet Holdings (IT'SUGAR) trade sales $29.4M vs. $5.0M; comparable store sales up 30% vs. Q1 2021.
BBX Capital Real Estate income before taxes $6.4M vs. $4.9M; equity in earnings of unconsolidated JVs increased to $1.5M from ($0.3M).
Cash and cash equivalents $114.6M; note receivable from Bluegreen Vacations $50M; book value per share $19.74.

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