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Sep 30, 2023
Great Ajax Q3 2023 Earnings Report
Great Ajax Corp. reported results for the quarter ended September 30, 2023.
Key Takeaways
Great Ajax Corp. reported a net loss attributable to common stockholders of $(6.1) million, or $(0.25) per share, for the quarter ended September 30, 2023. The company's net interest income was $3.0 million, and it held $63.9 million in cash and cash equivalents at the end of the quarter.
Interest income of $17.9 million; net interest income of $3.0 million
Net loss attributable to common stockholders of $(6.1) million
Operating loss of $(2.3) million
Held $63.9 million of cash and cash equivalents at September 30, 2023
Forward Guidance
Great Ajax Corp. is evaluating strategic alternatives, including potential transactions, capital injections, monetization opportunities, and asset sales, with the assistance of Piper Sandler & Co. There is no assurance that this process will result in a successful transaction.
Positive Outlook
- Focus on maximizing long-term value for stockholders.
- Engaged Piper Sandler & Co. to assist with a thorough evaluation of strategic alternatives.
- Considering potential capital injections.
- Exploring monetization opportunities.
- Evaluating specific asset sales.
Challenges Ahead
- No assurance that the strategic review process will culminate in a successful transaction.
- Cannot provide any guidance regarding the timing of this process.
- Cannot provide any guidance regarding any possible transaction(s) that might result.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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