Financial Performance - Loan interest income for Q1 2023 was $2.0 million, compared to $0 in Q1 2022[89] - Loan fee income for Q1 2023 was $0.1 million, with no income in Q1 2022[89] - Realized gains on loans held for sale, net, were $10,000 in Q1 2023, with no gains in Q1 2022[89] - Interest expenses for Q1 2023 were $1.1 million, with no interest expense recorded in Q1 2022[94] - Total cash flows for Q1 2023 were $1.1 million, compared to a negative $23.97 million in Q1 2022[104] Staffing and Expenses - Salaries and employee benefits increased to $1.9 million in Q1 2023 from $0.9 million in Q1 2022, primarily due to the addition of loan operations and ALG staff[90] Loans and Investments - Loans held for sale at fair value as of March 31, 2023, totaled $13.5 million[100] - Loans held for investment at fair value as of March 31, 2023, amounted to $65.3 million[101] Cash Position - Cash and cash equivalents increased to $11.8 million as of March 31, 2023, from $10.7 million as of December 31, 2022[97] Share Repurchase - The company has repurchased $273.1 million in shares under its repurchase plan, with $26.9 million remaining available for future repurchases[103]
Altisource Asset Management(AAMC) - 2023 Q1 - Quarterly Report