RC Q1 2020 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCReady Capital Corporation

$302M

Q1 2020 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$23M+3.6% YoY

Gross Profit

-$3M-11.8% margin

Operating Income

-$58M-254.1% margin

Net Income

-$50M-219.5% margin

EPS (Diluted)

$-0.97

QoQ Revenue Growth

-64.1%

Cash Flow

Operating Cash Flow

-$100M

Free Cash Flow

-$100M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.5B

Stockholders' Equity

$758M

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$23M	$22M	+3.6%
Gross Profit	-$3M	$9M	-129.1%
Operating Income	-$58M	$38M	-255.3%
Net Income	-$50M	$29M	-271.2%