AFCG Q2 2024 Earnings — Advanced Flower Capital Inc. Revenue & Financial Results | Market Cap Arena

AFCGAdvanced Flower Capital Inc.

$61M

Q2 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$23M+45.0% YoY

Gross Profit

$23M100.0% margin

Operating Income

$17M74.6% margin

Net Income

$16M72.6% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+190.6%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$10M

Stock-Based Comp.

$369,343

Balance Sheet

Total Assets

$458M

Total Liabilities

$144M

Stockholders' Equity

$314M

Cash & Equivalents

$170M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$16M	+45.0%
Gross Profit	$23M	$14M	+61.6%
Operating Income	$17M	-$3M	+645.3%
Net Income	$16M	$12M	+35.5%