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SCOTTSDALE, AZ – CaliberCos Inc., a real estate firm headquartered in Scottsdale, Arizona, disclosed its financial outcomes for the fourth quarter and the full year ended December 31, 2024, in a filing with the Securities and Exchange Commission (SEC) today. The company, trading on the Nasdaq under the symbol CWD at a market capitalization of $12.1 million, has provided an earnings supplement with these details. The stock has experienced significant pressure, declining nearly 20% in the past week and 44% over the last year. According to InvestingPro analysis, the company’s financial health score currently stands at 1.38, indicating potential challenges ahead.
In its 8-K filing, CaliberCos Inc. did not specify the figures of its financial performance, but the document indicates that the full report is attached as Exhibit 99.2. This document includes comprehensive financial results and related matters for the aforementioned periods.
The information released in the 8-K filing, including the earnings supplement, is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act, except as explicitly referenced in such filings.
CaliberCos Inc., identified by the Central Index Key (CIK) number 0001627282, operates within the real estate industry under the standard industrial classification code 6500. The company, incorporated in Delaware, has designated itself as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards. Recent InvestingPro data reveals the company’s challenging position with negative EBITDA of -$6.91 million and gross profit margins at -10.16%. However, analysts expect the company to achieve profitability this year, with projected earnings per share of $0.07.
Investors and stakeholders can obtain further details regarding CaliberCos Inc.’s financial results for the last quarter and the entire year of 2024 from the earnings supplement, which provides a more extensive overview of the company’s financial health and operations. While the company maintains a healthy current ratio of 1.76, indicating sufficient liquidity to meet short-term obligations, InvestingPro analysis reveals 12 additional key insights about the company’s financial position and market performance. The company’s Chief Financial Officer, Jade Leung, has signed off on the 8-K filing on behalf of CaliberCos Inc.
This report is based on the company’s statement in the SEC filing and serves to inform investors and the public of the company’s recent financial disclosures.
In other recent news, CaliberCos Inc. has made several strategic financial moves to bolster its operations. The company has updated its offering circular with the SEC to include new CUSIP information for its Series AA Cumulative Redeemable Preferred Stock, offering a structured approach with unique CUSIP numbers for each quarter of the offering period. This preferred stock, totaling 800,000 shares, will accrue cumulative monthly dividends at an annual rate of 9.5%, with provisions allowing for increased rates in the event of delayed payments. Additionally, CaliberCos Inc. has secured a $25 million equity line and issued a $1.67 million senior secured promissory note through agreements with Mast Hill Fund, L.P., which include warrants for additional shares. These agreements are part of a larger strategy to enhance CaliberCos Inc.’s capital structure and growth capabilities. The company has also established an equity purchase agreement, allowing the sale of up to $25 million of common stock, subject to shareholder approval for larger transactions. These developments, disclosed in recent SEC filings, reflect CaliberCos Inc.’s ongoing efforts to expand its financial instruments and strengthen its real estate and construction ventures.
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