LAND Q1 2018 Earnings — Gladstone Land Corporation Revenue & Financial Results | Market Cap Arena

LANDGladstone Land Corporation

$496M

Q1 2018 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$9M+60.8% YoY

Gross Profit

$9M95.4% margin

Operating Income

$3M30.1% margin

Net Income

-$297,000-3.2% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+35.7%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

-$2M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$473M

Total Liabilities

$341M

Stockholders' Equity

$124M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$6M	+60.8%
Gross Profit	$9M	$6M	+60.3%
Operating Income	$3M	$3M	+7.0%
Net Income	-$297,000	$152,000	-295.4%

Geographic Segments

CALIFORNIA

$3M45%

FLORIDA

$2M26%

COLORADO

$686,00010%

ARIZONA

$528,0008%

OREGON

$307,0005%

NEBRASKA

$145,0002%

WASHINGTON

$121,0002%

MICHIGAN

$70,0001%

NORTH CAROLINA

$49,0001%