SUNLIGHT FINANCIAL Reports Second Quarter Earnings Results for FY2023
August 27, 2023
🌥️Earnings Overview
For the second quarter of FY2023, SUNLIGHT FINANCIAL ($NYSE:SUNL) reported total revenue of USD -29.6 million, a decrease of 29.6 million from the same period in FY2022. Net income for this quarter was USD -54.7 million, representing a decrease of 4.1 million from the year prior.
Stock Price
On Wednesday, SUNLIGHT FINANCIAL reported second quarter earnings results for fiscal year 2023. The company’s stock opened at $0.4, and closed at the same price, down by 3.4% from the previous closing price of 0.4. Investors were disappointed with the stock’s performance on Wednesday, but this could be seen as a buying opportunity for those who believe in the company’s long-term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunlight Financial. More…
| Total Revenues | Net Income | Net Margin |
| 31.52 | -383.6 | 137.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunlight Financial. More…
| Operations | Investing | Financing |
| 48.51 | -13.77 | -18.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunlight Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 434.78 | 175.8 | 2.02 |
Key Ratios Snapshot
Some of the financial key ratios for Sunlight Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -2036.6% |
| FCF Margin | ROE | ROA |
| 145.5% | -202.9% | -92.3% |
Analysis
As a financial advisor, GoodWhale provides analysis on SUNLIGHT FINANCIAL. After running the Star Chart analysis, we can conclude that SUNLIGHT FINANCIAL is classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This indicates that SUNLIGHT FINANCIAL is financially strong and could be an attractive investment choice. SUNLIGHT FINANCIAL is strong in liquidity, medium in profitability and weak in asset, dividend, and growth. It has an intermediate health score of 6/10 with regard to its cashflows and debt which suggests that SUNLIGHT FINANCIAL may be able to safely ride out any crisis without the risk of bankruptcy. Given these financials, investors who are looking for a safe and stable investment option could consider SUNLIGHT FINANCIAL. At the same time, investors who are looking for higher growth prospects or dividends may want to look elsewhere. More…
Peers
The company has a strong competitive advantage in the solar financing industry, with a focus on customer service, technology, and innovation. Sunlight Financial Holdings Inc. has a strong presence in the solar financing industry, with a large customer base and a large portfolio of projects. The company is well-positioned to compete in the solar financing industry.
– PCF Group PLC ($IDX:CFIN)
Clipan Finance Indonesia Tbk is one of the largest non-bank financial institutions in Indonesia. The company offers a range of services including loans, financing, and investment products. As of 2022, Clipan Finance Indonesia Tbk had a market capitalization of 1.4 trillion and a return on equity of 9.09%. The company is a major player in the Indonesian financial sector and is well-positioned to continue growing in the future.
– PT Clipan Finance Indonesia Tbk ($IDX:BPFI)
Batavia Prosperindo Finance TBK is a leading provider of financial services in Indonesia. The company has a market capitalization of 1.72 trillion as of 2022 and a return on equity of 5.92%. Batavia Prosperindo Finance TBK provides a wide range of financial services, including loans, deposits, credit cards, and investment products. The company has a strong focus on providing quality customer service and has a long history of serving the Indonesian market.
Summary
SUNLIGHT FINANCIAL’s earnings results for the second quarter of FY2023 showed a decrease in total revenue and net income compared to the same period last year. Total revenue for the quarter was USD -29.6 million while their reported net income was USD -54.7 million. This resulted in a drop in the stock price on the same day. Investors should take into account SUNLIGHT FINANCIAL’s decreased earnings when considering investing in the company, as well as analyze their potential to rebound in the future.
Risk factors, such as potential changes in the economy or industry, may also impact investment decisions. It is important for investors to do their due diligence and research before making an investment in SUNLIGHT FINANCIAL.
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