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Mar 31, 2022
WisdomTree Investments Inc Q1 2022 Earnings Report
WisdomTree Investments Inc. reported a net loss and a decrease in operating revenues due to fewer revenue days, but was partially offset by higher average AUM.
Key Takeaways
WisdomTree Investments Inc. reported a net loss of $10.3 million, or ($0.08) per share, and an adjusted net income of $14.1 million, or $0.09 per share. Operating revenues decreased by 1.0% to $78.4 million, primarily due to two fewer revenue days in the quarter, but this was partly offset by higher average AUM. The company's AUM increased by 2.5% to $79.4 billion, driven by net inflows and market appreciation.
Ending AUM increased by 2.5% to $79.4 billion due to net inflows and market appreciation.
Net inflows were $1.3 billion, driven by fixed income and U.S. equity products.
Operating revenues decreased by 1.0% to $78.4 million due to two fewer revenue days.
Diluted loss per share was ($0.08), while adjusted earnings per share was $0.09.
Forward Guidance
Management commentary suggests a positive outlook, focusing on continued growth and expansion into new areas like digital assets. However, the cautionary statement highlights various risks and uncertainties that could impact future results.
Positive Outlook
- Sixth consecutive quarter of organic growth.
- Strong earnings results.
- Record assets under management.
- Managed model portfolios have grown into a WisdomTree success story.
- Being a first mover in digital assets.
Challenges Ahead
- Adverse market developments arising from the COVID-19 pandemic.
- Declining prices of securities, gold and other precious metals and other commodities.
- Fluctuations in the amount and mix of our AUM.
- Competitive pressures could reduce revenues and profit margins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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