ACIC Q2 2022 Earnings — American Coastal Insurance Corporation Revenue & Financial Results | Market Cap Arena

ACICAmerican Coastal Insurance Corporation

$566M

Q2 2022 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$64M-58.9% YoY

Gross Profit

$26M41.2% margin

Operating Income

$12M19.1% margin

Net Income

-$69M-108.0% margin

EPS (Diluted)

$-1.60

QoQ Revenue Growth

+9.4%

Cash Flow

Operating Cash Flow

$29M

Free Cash Flow

$28M

Stock-Based Comp.

$182,000

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.3B

Stockholders' Equity

$167M

Cash & Equivalents

$284M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$64M	$155M	-58.9%
Gross Profit	$26M	-$4M	+768.2%
Operating Income	$12M	-$33M	+137.1%
Net Income	-$69M	-$24M	-193.6%