Financial Snapshot

Revenue
$57.90M
TTM
Gross Margin
80.33%
TTM
Net Earnings
$8.587M
TTM
Current Assets
$122.6M
Q3 2024
Current Liabilities
$71.93M
Q3 2024
Current Ratio
170.42%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$206.1M
Q3 2024
Cash
Q3 2024
P/E
24.39
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $64.18M $75.13M $37.46M $5.595M
YoY Change -14.58% 100.55% 569.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $64.18M $75.13M $37.46M $5.595M
Cost Of Revenue $14.06M $15.77M $8.322M $364.2K
Gross Profit $48.77M $59.37M $29.14M $5.231M
Gross Profit Margin 76.0% 79.02% 77.79% 93.49%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $7.502M $7.640M $6.077M $2.015M
YoY Change -1.81% 25.72% 201.55%
% of Gross Profit 15.38% 12.87% 20.85% 38.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $21.57M $23.41M $14.40M $2.015M
YoY Change -7.86% 62.55% 614.48%
Operating Profit $27.21M $35.96M $14.74M $3.216M
YoY Change -24.35% 143.93% 358.49%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $6.357M $6.814M $1.127M $1.563M
YoY Change -6.7% 504.7% -27.92%
% of Operating Profit 23.37% 18.95% 7.64% 48.62%
Other Income/Expense, Net -$12.13M -$11.18M -$2.649M -$465.4K
YoY Change 8.55% 321.9% 469.26%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $22.61M $36.96M $21.04M $4.314M
YoY Change -38.82% 75.7% 387.66%
Income Tax $1.659M $1.000M $35.17K $0.00
% Of Pretax Income 7.34% 2.71% 0.17% 0.0%
Net Earnings $20.95M $35.93M $21.00M $4.314M
YoY Change -41.69% 71.1% 386.84%
Net Earnings / Revenue 32.65% 47.82% 56.06% 77.1%
Basic Earnings Per Share $1.02 $1.80 $1.57
Diluted Earnings Per Share $1.02 $1.79 $1.52 $221.9K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $121.6M $140.4M $109.2M $9.624M
YoY Change -13.35% 28.49% 1035.16%
Cash & Equivalents $121.6M $140.4M $109.2M $9.624M
Short-Term Investments
Other Short-Term Assets $688.5K $460.8K $949.3K $72.10K
YoY Change 49.39% -51.45% 1216.62%
Inventory
Prepaid Expenses
Receivables $1.837M
Other Receivables $0.00
Total Short-Term Assets $124.2M $140.8M $110.2M $9.696M
YoY Change -11.84% 27.8% 1036.51%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $15.88M
YoY Change -100.0%
Other Assets
YoY Change
Total Long-Term Assets $342.4M $378.3M $354.7M $84.27M
YoY Change -9.49% 6.68% 320.87%
Total Assets $466.6M $519.2M $464.8M $93.96M
YoY Change
Accounts Payable $714.7K $836.6K $1.529M $215.4K
YoY Change -14.58% -45.28% 609.73%
Accrued Expenses $5.852M $9.973M $8.930M $2.099M
YoY Change -41.32% 11.68% 325.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $58.40M $82.23M $93.53M $2.314M
YoY Change -28.98% -12.08% 3941.76%
Long-Term Debt $88.01M $97.13M $96.57M $0.00
YoY Change -9.39% 0.58%
Other Long-Term Liabilities $115.5K $754.1K $1.675M
YoY Change -84.69% -54.98%
Total Long-Term Liabilities $88.13M $97.89M $98.25M $0.00
YoY Change -9.97% -0.37%
Total Liabilities $146.5M $180.1M $191.8M $2.314M
YoY Change -18.65% -6.08% 8187.59%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 20.32M shares 19.84M shares 13.37M
Diluted Shares Outstanding 20.35M shares 19.96M shares 13.81M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $209.43 Million

About Advanced Flower Capital Inc.

AFC Gamma, Inc. provides commercial real estate finance services. The company is headquartered in West Palm Beach, Florida and currently employs 0 full-time employees. The company went IPO on 2021-02-11. The company originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, secured by real estate assets, license value and cash flows. The company provides capital support across cultivation, processing, and distribution. Its objective is to provide risk-adjusted returns over time through cash distributions and capital appreciation primarily by providing loans to real estate developers and state-law compliant cannabis companies. The loans it originates are primarily structured as senior loans secured by real estate, equipment, cashflows and the value associated with licenses (where applicable) and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The company is externally managed by AFC Management, LLC.

Industry: Real Estate Peers: Angel Oak Mortgage REIT, Inc. ANNALY CAPITAL MANAGEMENT INC Ares Commercial Real Estate Corp Chicago Atlantic Real Estate Finance, Inc. DYNEX CAPITAL INC Granite Point Mortgage Trust Inc. Invesco Mortgage Capital Inc. NexPoint Real Estate Finance, Inc. Orchid Island Capital, Inc. TPG RE Finance Trust, Inc.