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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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