v3.24.2.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 8,179 $ 20,445 $ 31,130 $ 49,967
Expenses        
Total expenses 12,655 31,406 39,963 60,419
Other income, net 318 546 590 1,065
Interest income 157 96 274 194
Interest expense (1,315) (1,261) (2,609) (2,092)
Net loss before income taxes (5,316) (11,580) (10,578) (11,285)
Benefit from income taxes 0 0 0 0
Net loss (5,316) (11,580) (10,578) (11,285)
Net loss attributable to noncontrolling interests (586) (5,854) (2,043) (4,352)
Net loss attributable to CaliberCos Inc. $ (4,730) $ (5,726) $ (8,535) $ (6,933)
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.22) $ (0.29) $ (0.39) $ (0.37)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.22) $ (0.29) $ (0.39) $ (0.37)
Weighted average common shares outstanding:        
Basic (in shares) 21,811 19,612 21,677 18,901
Diluted (in shares) 21,811 19,612 21,677 18,901
Excluding consolidated VIE        
Expenses        
Operating costs $ 5,535 $ 6,820 $ 10,797 $ 11,324
General and administrative 2,079 1,426 4,019 3,242
Marketing and advertising 227 325 333 678
Depreciation and amortization 144 137 290 269
VIE, primary beneficiary        
Expenses        
Consolidated funds – other expenses 1,358 1,949 4,430 3,874
Interest income 1,600 900 2,600 1,800
Asset management revenues | Excluding consolidated VIE        
Revenues        
Revenue 3,226 1,894 6,396 3,930
Performance allocations | Excluding consolidated VIE        
Revenues        
Revenue 16 12 182 2,438
Hospitality revenue | VIE, primary beneficiary        
Revenues        
Other revenue 2,894 16,273 21,039 39,482
Expenses        
Consolidated funds – hospitality expenses 3,312 20,749 20,094 41,032
Other revenues | VIE, primary beneficiary        
Revenues        
Other revenue $ 2,043 $ 2,266 $ 3,513 $ 4,117

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