HCDI - Harbor Custom Development reports Q3 earnings miss; narrows FY22 guidance

• Harbor Custom Development press release ( NASDAQ: HCDI ): Q3 GAAP EPS of -$0.37 misses by $0.58 .
• Revenue of $11.7M (-35.0% Y/Y) misses by $5.2M .
• Adjusted EBITDA loss of $3.1M compared to Adjusted EBITDA of $4.5M.
• Harbor is revising downward its previous guidance for fiscal 2022: Revenue is expected to be in the range of approximately $61.0 million to $65.0 million vs. consensus of $84.70M; and Adjusted EBITDA is expected to be in the range of a loss of approximately -$5.0 million to -$7.0 million.

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