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Stock impact report

Caliber Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

CaliberCos Inc. - Class A (CWD) 
Company Research Source: Yahoo! Finance
reported results for the fourth quarter and full year ended on December 31, 2023. Fourth Quarter 2023 Financial Highlights (compared to fourth quarter 2022) Total revenue of $23.9 million, an 11.5% increase Platform revenue of $7.2 million, a 32.6% increase Asset management revenue of $6.0 million, an 11.5% increase Performance allocations of $1.2 million, driven by the sale of Northsight Crossing and South Ridge Net loss attributable to Caliber of $2.4 million, or $0.11 per diluted share, compared to net loss attributable to Caliber of $2.5 million or $0.14 per diluted share Caliber Adjusted EBITDA of $1.6 million, compared to Caliber Adjusted EBITDA loss of $1.8 million Full Year 2023 Financial Highlights (compared to full year 2022) Total revenue of $90.9 million, an 8.3% increase Platform revenue of $20.6 million, a 14.4% decrease Asset management revenue of $17.0 million, a 21.3% decrease Fund management fees of $9.6 million, a 15.0% increase Performance Show less Read more
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