institutional lender to leading cannabis companies with strong operations and cash-flow prospects, real-estate-security and other collateral, and locations in states with favorable supply/demand fundamentals and legislative environments. afc's platform provides innovative and customized financing solutions through first-lien loans, mortgage loans, construction loans, equipment loans, and bridge financings. the senior-management team of the company have more than 20 years of experience in disciplined credit investing across a range of economic cycles.
Company profile
Ticker
AFCG
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AFCG TRS1, LLC • SUNRISE REALTY TRUST, INC. ...
IRS number
851807125
AFCG stock data
Latest filings (excl ownership)
8-K
AFC Gamma, Inc. Announces Financial Results for First Quarter 2024
9 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
ARS
2023 FY
Annual report to shareholders
9 Apr 24
DEFA14A
Additional proxy soliciting materials
9 Apr 24
DEF 14A
Definitive proxy
9 Apr 24
8-K
Entry into a Material Definitive Agreement
29 Mar 24
8-K
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2023
7 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Entry into a Material Definitive Agreement
22 Feb 24
8-K
AFC Gamma, Inc. Announces Financial Results for Third Quarter 2023
8 Nov 23
Transcripts
AFCG
Earnings call transcript
2024 Q1
9 May 24
AFCG
Earnings call transcript
2023 Q4
7 Mar 24
AFCG
Earnings call transcript
2023 Q3
8 Nov 23
AFCG
Earnings call transcript
2023 Q2
8 Aug 23
AFCG
Earnings call transcript
2023 Q1
10 May 23
AFCG
Earnings call transcript
2022 Q4
7 Mar 23
AFCG
Earnings call transcript
2022 Q3
8 Nov 22
AFCG
Earnings call transcript
2022 Q2
9 Aug 22
AFCG
Earnings call transcript
2022 Q1
10 May 22
AFCG
Earnings call transcript
2021 Q4
10 Mar 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 73.20 mm | 73.20 mm | 73.20 mm | 73.20 mm | 73.20 mm | 73.20 mm |
Cash burn (monthly) | 2.96 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 21.80 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 51.41 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
6.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 23 |
Opened positions | 6 |
Closed positions | 68 |
Increased positions | 4 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 6.67 bn |
Total shares | 1.24 mm |
Total puts | 0.00 |
Total calls | 7.20 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Jonathan Gilbert Kalikow | 668.50 k | $14.17 mm |
Mirae Asset Global Investments | 255.03 k | $3.07 bn |
Los Angeles Capital Management & Equity Research | 86.16 k | $1.04 bn |
BK Bank Of New York Mellon | 71.92 k | $865.14 mm |
Charles Schwab Investment Management | 45.74 k | $550.20 mm |
SMH Capital Advisors | 26.00 k | $312.78 mm |
Allspring Global Investments | 18.04 k | $216.96 mm |
Worth Asset Management | 14.79 k | $177.86 mm |
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 10.97 k | $131.96 mm |
Ritholtz Wealth Management | 10.34 k | $124.39 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Jan 24 | James C. Fagan | Common Stock | Grant | Acquire A | No | No | 11.7 | 1,282 | 15.00 k | 2,441 |
24 Jan 24 | Tannenbaum Leonard M | Common Stock | Grant | Acquire A | No | No | 11.7 | 111,111 | 1.30 mm | 3,744,638 |
24 Jan 24 | Thomas L Harrison | Common Stock | Grant | Acquire A | No | No | 11.7 | 1,282 | 15.00 k | 17,273 |
24 Jan 24 | Brandon Hetzel | Common Stock | Grant | Acquire A | No | No | 11.7 | 12,820 | 149.99 k | 22,616 |
24 Jan 24 | Brandon Hetzel | Common Stock | Grant | Acquire A | No | No | 11.7 | 2,136 | 24.99 k | 9,796 |
24 Jan 24 | Marnie Migatz Sudnow | Common Stock | Grant | Acquire A | No | No | 11.7 | 1,282 | 15.00 k | 2,245 |
News
AFC Gamma Q1 2024 Reports Sharp YoY Net Income Drop Amid $90M Loan Expansion
9 May 24
AFC Gamma Q1 Adj $0.49 Misses $0.51 Estimate, Sales $14.76M Miss $16.24M Estimate
9 May 24
Mortgage And Property Finance Giant's $354M Portfolio: Growth Amid Cannabis Sector Volatility
12 Apr 24
Nasdaq-Traded AFC Gamma Reports 41% YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
7 Mar 24
Earnings Scheduled For March 7, 2024
7 Mar 24
Press releases
AFC Gamma, Inc. Announces Financial Results for First Quarter 2024
9 May 24
AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024
10 Apr 24
AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
26 Mar 24
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2023
7 Mar 24
AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company
22 Feb 24