AJX - Great Ajax Non-GAAP EPS of -$0.05 misses by $0.23 revenue of $1.38M misses by $10.84M
- Great Ajax press release ( NYSE: AJX ): Q4 Non-GAAP EPS of -$0.05 misses by $0.23 .
- Revenue of $1.38M (-92.9% Y/Y) misses by $10.84M .
- Formed one joint venture that acquired $293.6 million in unpaid principal balance ("UPB") of mortgage loans with collateral values of $653.1 million and retained $44.6 million of varying classes of related securities issued by the joint venture to end the quarter with $391.6 million of investments in debt securities and beneficial interests
- Collected total cash of $44.1 million from loan payments, sales of real estate owned ("REO") properties and collections from investments in debt securities and beneficial interests
- Held $47.8 million of cash and cash equivalents at December 31, 2022; average daily cash balance for the quarter was $47.2 million
- As of December 31, 2022, approximately 79.6% of our portfolio (based on UPB at the time of acquisition) made at least 12 out of the last 12 payments.
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Great Ajax Non-GAAP EPS of -$0.05 misses by $0.23, revenue of $1.38M misses by $10.84M