Overview
* Caliber Q3 revenue drops to $3.6 mln from $11.3 mln due to deconsolidations
* Net loss for Q3 at $4.4 mln, driven by investment impairment charges
* Adjusted EBITDA for Q3 misses estimates, reporting a loss of $0.7 mln
Outlook
* Company did not provide specific financial guidance for future periods
Result Drivers
* EQUITY RAISE - Caliber raised over $30 mln in equity, enhancing liquidity and balance sheet strength
* DIGITAL ASSET EXPANSION - Launch of Digital Asset Treasury anchored in LINK tokens expands business into digital asset management
* REVENUE DECLINE - Revenue declines due to nonrecurring fee income and seasonality in development and construction fees
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Net -$4.40
Income mln
Q3 Miss -$700,00 $535,000
Adjusted 0 (1
EBITDA Analyst)
Analyst Coverage
* Wall Street's median 12-month price target for CaliberCos Inc ( CWD ) is $38.50, about 92.2% above its November 12 closing price of $3.02
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)