RC Q2 2019 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCReady Capital Corporation

$302M

Q2 2019 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$34M-22.1% YoY

Gross Profit

$16M47.0% margin

Operating Income

$8M23.5% margin

Net Income

$11M32.2% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

+53.7%

Cash Flow

Operating Cash Flow

-$59M

Free Cash Flow

-$59M

Stock-Based Comp.

$267,000

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$3.1B

Stockholders' Equity

$728M

Cash & Equivalents

$42M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$34M	$44M	-22.1%
Gross Profit	$16M	$33M	-51.8%
Operating Income	$8M	$30M	-73.2%
Net Income	$11M	$15M	-28.3%