CION Earnings Prediction
The chart below shows how CION performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CION sees a -2.99% change in stock price 10 days leading up to the earnings, and a +3.83% change 10 days following the report. On the earnings day itself, the stock moves by +0.54%. This data can give you a slight idea of what to expect for the next quarter's release.
CION Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
37.63M
-55.74%
-38.08%
Gross Margin
--
--
--
Operating Margin
61.52%
-24.19%
-19.00%
Net Margin
-1.01%
-101.81%
-102.74%
EPS
-0.01
-101.15%
-102.38%
No Data Available
CION Earnings Analysis
CION Investment Corporation Corporation (CION.N) Earnings Conference Call
Positive
Quarterly Net Investment Income: CION reported $0.40 in quarterly net investment income for the third quarter, driven primarily by a mix of interest income from our portfolio, as well as transaction fees from our quarterly investment activity, more than covering our $0.36 base quarterly dividend.
Net Asset Value Decline: Our net asset value declined quarter-over-quarter to $15.73, down from $16.08 in the second quarter, driven primarily by fair value marks in our equity portfolio, somewhat offset by over-earning our base dividend and accretive share repurchases.
Successful Baby Bond Offering: We were also pleased with the execution of our public baby bond offering, which was more than 3 times oversubscribed and saw strong interest from both existing and new institutional investors, as well as a strong showing from retail investors.
Investment Commitments Overview: During Q3, we made a total of $97 million in investment commitments across one new and 10 existing portfolio companies, of which $78 million was funded.
Strong Balance Sheet Position: We ended the third quarter with a strong and flexible balance sheet with over $800 million in unencumbered assets, a strong debt servicing capacity and solid liquidity.
Negative
Quarterly Net Investment Income: CION reported $0.40 in quarterly net investment income for the third quarter, down from $0.43 per share in the second quarter, reflecting a decrease of $0.03 per share.
Net Asset Value Decline: Our net asset value declined quarter-over-quarter to $15.73, down from $16.08 in the second quarter, primarily driven by fair value marks in our equity portfolio.
Investment Activity Decline: Net funded investments decreased by approximately $61 million during the quarter, indicating a reduction in overall investment activity.
Operating Expenses Decrease: Total operating expenses were $38 million, compared to $38.4 million reported in the second quarter, showing a slight decrease but still reflecting high operational costs.
Net Asset Value Decline: Our net asset value per share decreased from $16.08 per share in Q2 to $15.73 per share in Q3, driven primarily by unrealized net market declines of approximately $22 million.
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CION Earning Call Sentiment
CION Investment Corporation (CION) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CION.N
0.32%Positive
The earnings call revealed several concerning factors, including a decline in net investment income, NAV, and total investment income, coupled with increased non-accrual loans and portfolio volatility. These negative elements overshadow the stable dividend and share repurchase program. The lack of questions in the Q&A section suggests potential uncertainty or dissatisfaction among analysts. The combination of competitive pressures, regulatory uncertainties, and economic challenges further compounds the negative sentiment, leading to a likely negative stock price movement over the next two weeks.
