INN Q1 2022 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q1 2022 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$142M+145.2% YoY

Gross Profit

$46M32.5% margin

Operating Income

$724,0000.5% margin

Net Income

-$8M-5.5% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+32.8%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$26M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$1.6B

Stockholders' Equity

$951M

Cash & Equivalents

$82M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$142M	$58M	+145.2%
Gross Profit	$46M	$8M	+498.0%
Operating Income	$724,000	-$25M	+102.9%
Net Income	-$8M	-$31M	+75.0%

Revenue Segments

Occupancy

$129M91%

Hotel, Other

$7M5%

Food and Beverage

$6M4%