AFC Gamma(US:AFCG)2025-03-13 11:36Financial Performance - Fourth quarter 2024 GAAP net loss of $(1.0) million or $(0.05) per basic weighted average common share, with Distributable Earnings of $6.3 million or $0.29 per basic weighted average common share[1][3] - Full year 2024 GAAP net income of $16.8 million or $0.78 per basic weighted average common share, with Distributable Earnings of $34.9 million or $1.68 per basic weighted average common share[1][3] - Interest income for the fourth quarter 2024 was $9.2 million, while total expenses were $3.5 million[17] - The company reported a provision for current expected credit losses of $(5.3) million for the fourth quarter 2024[17] - The weighted average number of common shares outstanding for the full year 2024 was 20,821,239[17] Dividends - Dividend declared of $0.23 per common share for the first quarter 2025, payable on April 15, 2025[5] Strategic Focus - The CEO indicated a focus on capital preservation and disciplined investment strategies in the cannabis sector due to ongoing market challenges[4] - The company plans to diversify its portfolio and provide debt capital to successful operators in the cannabis industry[4] Corporate Events - The company issued a presentation of its fourth quarter and full year 2024 results, available on its Investor Relations website[7] - The 2025 Annual Shareholders Meeting is scheduled for May 19, 2025, with a record date of March 24, 2025[6]