Terra Firma Capital Reports Third Quarter 2022 Earnings
Terra Firma Capital (CVE:TII) Third Quarter 2022 Results
Key Financial Results
Revenue: US$1.35m (down 27% from 3Q 2021).
Net income: US$463.4k (down 13% from 3Q 2021).
Profit margin: 34% (up from 29% in 3Q 2021). The increase in margin was driven by lower expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Terra Firma Capital Earnings Insights
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Mortgage industry in Canada.
Performance of the Canadian Mortgage industry.
The company's shares are up 7.9% from a week ago.
We should say that we've discovered 3 warning signs for Terra Firma Capital (1 can't be ignored!) that you should be aware of before investing here.
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