Q3 2023 Earnings

Revenue

$34M+1.6% YoY

Gross Profit

$16M46.8% margin

Operating Income

$10M28.9% margin

Net Income

$10M28.9% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

-23.8%

Operating Cash Flow

$7M

Free Cash Flow

$7M

Stock-Based Comp.

Total Assets

$1.5B

Total Liabilities

$1.2B

Stockholders' Equity

$390M

Cash & Equivalents

$59M

Metric	Current	Year Ago	Change
Revenue	$34M	$33M	+1.6%
Gross Profit	$16M	$25M	-37.2%
Operating Income	$10M	$18M	-47.2%
Net Income	$10M	$19M	-47.5%

Affordable Multifamily Mortgage Revenue Bond Investments Segment

$23M86%

Market-Rate Joint Venture Investments

$2M8%

M F Properties Segment

$1M5%

Seniors and Skilled Nursing Mortgage Revenue Bond Investments Segment

$604,0402%