![]() As we've discussed on prior earnings calls, EAD does not necessarily reflect the earnings potential of our portfolio. Our earnings available for distribution or EAD was $0.09 per share. As more regional bank headlines hit the tapes, rate volatility continued to be elevated, which caused increased hedging costs and mortgage spread widening. Our book value was impacted by the violent move lower in rates arising from the banking crisis as our portfolio had a slight short duration bias heading into March, consistent with what we disclosed in our fourth quarter earnings call. Our book value at March 31 was $16.48 per share, representing a negative 3.6% total economic quarterly return. Please turn to Slide 3 for an overview of our quarterly results. Mary will provide information around our financial results and Nick will discuss our portfolio activity and positioning. This morning, I will provide color on our quarterly performance and the market environments. Good morning, everyone, and welcome to our first quarter earnings call. Except as may be required by law, Two Harbors does not update forward-looking statements and disclaims any obligation to do so. These are described on of the presentation and in our Form 10-K and subsequent reports filed with the SEC. In our earnings release and presentation, we have provided reconciliation of GAAP to non-GAAP financial measures, and we urge you to review this information in conjunction with today's call.Īs a reminder, our comments today will include forward-looking statements, which are subject to risks and uncertainties that may cause our results to differ materially from expectations. The earnings press release and presentation associated with today's call have been filed with the SEC and are available on the SEC's website, as well as the Investor Relations page of our website at. With me on the call this morning are Bill Greenberg, our President and Chief Executive Officer Nick Letica, our Chief Investment Officer and Mary Riskey, our Chief Financial Officer. Good morning, everyone, and welcome to our call to discuss Two Harbors' first quarter 2023 financial results. I would now like to turn over the call to Maggie Karr. After the speaker's remarks, there will be a question-and-answer session. ![]() All participants will be in a listen-only mode. At this time, I would like to welcome everyone to Two Harbors' First Quarter 2023 Financial Results Conference Call. My name is Diego and I will be your conference facilitator. ( NYSE: TWO) Q1 2023 Earnings Conference Call 9:00 AM ET LimeChat's vision is to make the infrastructure around conversational commerce for ecommerce brands across the world, basically, a Shopify for chat,” he says.Two Harbors Investment Corp. ![]() " A large number of consumers will prefer buying through chat mediums over the website, and revenue through chat will exceed that of the website and app. This segment includes players like Haptik, Yellow Messenger, and global companies like Jumper AI and Manychat.Īccording to the co-founder, there will be a "global revolution around conversational commerce" similar to the ecommerce revolution. There are a couple of global competitors but their automation is limited." Saying LimeChat has no direct competitors Nikhil says, “In the local market, there are generic chatbot players who are unable to provide the same level of performance and personalisation as our product. Last year the startup had also raised an angel round from Titan Capital. In April 2021, LimeChat raised a seed round of $750,000 led by Stellaris Venture Partners, Pi Ventures, and several marquee angels like Kalyan Krishnamurthy of Flipkart, Sujeet Kumar of Udaan, Dilip Khandelwal of Deutsche Bank, etc. Startups fight COVID-19: From hospital beds to oxygen, this WhatsApp chatbot provides instant, verified leads on COVID resources Funding and future plans
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