AFC Gamma (AFCG) delivered earnings and revenue surprises of -2% and 11.56%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
First quarter 2024 GAAP net loss of $(0.1) million or $(0.01) per basic weighted average common share and Distributable Earnings(1) of $10.0 million or $0.49 per basic weighted average common share Paid dividend of $0.48 per common share for first quarter 2024 WEST PALM BEACH, Fla., May 09, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced its results for the first quarter ended March 31, 2024. AFC Gamma reported generally accepted accounting p