RCC Q1 2017 Earnings — Ready Capital Corporation 5.75% Revenue & Financial Results | Market Cap Arena

RCCReady Capital Corporation 5.75%

$4B

Q1 2017 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$43M+146.0% YoY

Gross Profit

$25M58.8% margin

Operating Income

-$16M-38.2% margin

Net Income

$9M20.6% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

-9.2%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$24M

Stock-Based Comp.

$363,000

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.0B

Stockholders' Equity

$511M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$17M	+146.0%
Gross Profit	$25M	$13M	+99.7%
Operating Income	-$16M	-$10M	-56.8%
Net Income	$9M	-$3M	+391.4%