EARN Q2 2024 Earnings — Ellington Credit Company Revenue & Financial Results | Market Cap Arena

EARNEllington Credit Company

$178M

Q2 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$12M-20.0% YoY

Gross Profit

$1M11.1% margin

Operating Income

-$890,000-7.7% margin

Net Income

-$815,000-7.1% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-28.0%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

$3M

Stock-Based Comp.

$71,000

Balance Sheet

Total Assets

$933M

Total Liabilities

$787M

Stockholders' Equity

$146M

Cash & Equivalents

$119M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12M	$14M	-20.0%
Gross Profit	$1M	$3M	-52.9%
Operating Income	-$890,000	$1M	-174.0%
Net Income	-$815,000	$1M	-167.7%