v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues [Abstract]        
Other revenue $ 2,266 $ 1,451 $ 4,117 $ 3,328
Total revenues 20,445 18,681 49,967 42,983
Expenses        
Total expenses 31,406 20,465 60,419 44,671
Other income (loss), net 546 (3) 1,065 216
Interest income 96 3 194 3
Interest expense (1,261) (175) (2,092) (344)
Net (loss) income before income taxes (11,580) (1,959) (11,285) 19,717
Provision for income taxes 0 0 0 0
Net (loss) income (11,580) (1,959) (11,285) 19,717
Net (loss) income attributable to noncontrolling interests (5,854) (1,499) (4,352) 19,628
Net (loss) income attributable to CaliberCos Inc. $ (5,726) $ (460) $ (6,933) $ 89
Basic net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.29) $ (0.03) $ (0.37) $ 0.01
Diluted net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.29) $ (0.03) $ (0.37) $ 0.01
Weighted average common shares outstanding:        
Basic (in shares) 19,612 17,791 18,901 17,873
Diluted (in shares) 19,612 17,791 18,901 19,750
Excluding consolidated VIE        
Expenses        
Operating costs $ 6,820 $ 2,829 $ 11,324 $ 5,218
General and administrative 1,426 2,149 3,242 4,137
Marketing and advertising 325 765 678 1,005
Depreciation and amortization 137 7 269 16
VIE, primary beneficiary        
Revenues [Abstract]        
Other revenue 2,266 1,451 4,117 3,328
Expenses        
Other expenses 1,949 2,030 3,874 4,469
Gains on sale of real estate investments 0 0 0 21,530
Interest income 900 700 1,800 1,300
Asset management fees | Excluding consolidated VIE        
Revenues [Abstract]        
Revenue 1,229 1,135 2,511 2,066
Performance allocations | Excluding consolidated VIE        
Revenues [Abstract]        
Revenue 12 103 2,438 2,405
Transaction and advisory fees | Excluding consolidated VIE        
Revenues [Abstract]        
Revenue 665 1,750 1,419 2,371
Hospitality revenue | VIE, primary beneficiary        
Revenues [Abstract]        
Revenue 16,273 14,242 39,482 32,813
Expenses        
Hospitality expenses $ 20,749 $ 12,685 $ 41,032 $ 29,826

Source