INN Q4 2022 Earnings — Summit Hotel Properties, Inc. Revenue & Financial Results | Market Cap Arena

INNSummit Hotel Properties, Inc.

$452M

Q4 2022 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$172M+61.3% YoY

Gross Profit

$62M36.0% margin

Operating Income

$7M3.9% margin

Net Income

-$7M-4.3% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$6M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$960M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$172M	$107M	+61.3%
Gross Profit	$62M	$36M	+73.7%
Operating Income	$7M	-$1M	+563.7%
Net Income	-$7M	-$11M	+33.2%

Revenue Segments

Occupancy

$154M89%

Food and Beverage

$10M6%

Hotel, Other

$9M5%