CLPR Q2 2024 Earnings — Clipper Realty Inc. Revenue & Financial Results | Market Cap Arena

CLPRClipper Realty Inc.

$52M

Q2 2024 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$37M+8.1% YoY

Gross Profit

$21M56.0% margin

Operating Income

$10M26.8% margin

Net Income

-$660,000-1.8% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$9M

Stock-Based Comp.

$713,000

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.3B

Stockholders' Equity

-$2M

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$35M	+8.1%
Gross Profit	$21M	$19M	+9.7%
Operating Income	$10M	$8M	+24.4%
Net Income	-$660,000	-$1M	+47.2%

Revenue Segments

Residential Rental

$28M74%

Commercial Real Estate

$10M26%