Loading...
•
Dec 31, 2024
AFC Gamma Q4 2024 Earnings Report
AFC Gamma reported a net loss in Q4 2024 but maintained strong loan commitments and interest income.
Key Takeaways
AFC Gamma reported a net loss of $1.0 million for Q4 2024, with an EPS of ($0.05). Despite the loss, the company generated $9.2 million in interest income. Loan commitments remained stable, and AFC maintained a disciplined lending approach in the cannabis sector, focusing on capital preservation and risk-adjusted returns.
Total revenue for Q4 2024 was $9.2 million from interest income.
Net loss for the quarter was $1.0 million, with an EPS of ($0.05).
Loan commitments remained stable, with a focus on risk-adjusted returns.
A dividend of $0.23 per share was declared for Q1 2025.
AFC Gamma
AFC Gamma
Forward Guidance
AFC Gamma remains focused on disciplined lending and capital preservation while managing risks in the cannabis sector.
Positive Outlook
- Stable loan commitments with a focus on risk-adjusted returns.
- Continued demand for cannabis-related loans despite regulatory uncertainty.
- Dividend of $0.23 per share declared for Q1 2025.
- Maintained disciplined approach in capital deployment.
- Well-positioned to benefit from long-term industry trends.
Challenges Ahead
- Net loss reported for Q4 2024.
- Regulatory uncertainty in the cannabis industry remains a challenge.
- Interest income declined due to market conditions.
- Higher provision for credit losses impacted profitability.
- Market volatility may continue affecting lending activity.