- Flow Capital Corp. (FW) has announced its unaudited financial and operating results for the final quarter as well as the full year of its 2021 fiscal year ended December 31, 2021
- In 2021, book value stood at approximately $0.75 per share , which was a year-on-year growth of 33.7 per cent.
- Its net income was $2,263,807 in the fourth quarter of 2021, compared to $617,850 in Q4 2020.
- It recorded a year-to-date (YTD) net income of $5,597,275, and a year-on-year (YoY) growth of 164 per cent
- Flow Capital Corp. (FW) rose by 0.025 or 5.556 per cent to $0.475 at 11:50 AM ET
Flow Capital (FW) has announced its unaudited financial and operating results for the fourth quarter and the fiscal year ended December 31, 2021.
The company recorded some gains in its figures.
In 2021, book value stood at approximately $0.75 per share, which was a year-on-year growth of 33.7 per cent.
Its net income was $2,263,807 in the fourth quarter of 2021, compared to $617,850 in Q4 2020.
It recorded a year-to-date (YTD) net income of $5,597,275, and a year-on-year (YoY) growth of 164 per cent.
It had a recurring revenue from royalties and interest of $1,605,980 in Q4 of 2021.
Year-to-date recurring revenue was $6,091,103. Year-on-year growth was 13.4 per cent.
The total revenue under IFRS was $3,342,968 in Q4 2021. YTD revenue was $10,426,947. There was a slight year-over-year (YoY) growth of 0.5 per cent.
In YE2021, Flow Capital deployed $23.1 million in seven investments, completed $5.5 million in equity sales and $12.3 million in five royalty repayments, some partial redemptions and recoveries from previously distressed investments.
“The significant increase in transaction throughput in 2021 has accelerated the transition in Flow Capital’s investment portfolio, from the legacy royalty-oriented portfolio to a predominantly loan-centric portfolio,” said Alex Baluta, Chief Executive Officer of Flow Capital.
“This demonstrates our focus on moving down the risk-curve into later stage and typically larger and secured investments, layered with additional upside potential through warrants and/or exit-fees in all our recent deals,” he added.
Total operating expenses were $932,786 and $3,083,113 respectively for the three-month period and year ended December 31, 2021, compared to $1,059,017 and $3,886,089 respectively for the three-month period and year ended December 31, 2020.
Profit (loss) after taxes was $2,263,808 and $5,597,275 respectively for the three-month period and year ended December 31, 2021, compared to $617,851 and $2,121,739 respectively for the three-month period and year ended December 31, 2020.
Flow Capital Corp. (FW) rose by 0.025 or 5.556 per cent to $0.475 at 11:50 AM ET.