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Jun 30, 2022
MSP Recovery Q2 2022 Earnings Report
Announced financial results for the second quarter ended June 30, 2022.
Key Takeaways
MSP Recovery reported a revenue of $5.3 million, a net loss of $77.1 million, and substantial growth of assets from $104 million at December 31, 2021 to $6.6 billion at June 30, 2022.
Total revenue for the second quarter of 2022 was $5.3 million, up 57% from the second quarter of 2021.
Operating loss for the second quarter of 2022 was $52.2 million, compared with $1.5 million for the second quarter of 2021.
Net loss for the second quarter of 2022 was $77.1 million, or net loss per share of $0.09 per share.
As of June 30, 2022, cash and cash equivalents were $25.0 million.
Forward Guidance
MSP Recovery is providing guidance for its full year 2022 as follows: Total Gross Recoveries is expected to be approximately $992 million.
Positive Outlook
- Portfolio 2022 Guidance: Exceeded target for 2022 for growth in paid value of potentially recoverable claims by 3.2 times.
Challenges Ahead
- The guidance provided is an estimate based on management’s knowledge.
- The nature of the Company’s business and the timing and amount of recoveries, can, depending on various factors, be unpredictable and the Company cannot provide assurances in that regard.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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