Impac Mortgage Holdings Reports Net Loss of $39.4 Million in 2022

Impac Mortgage Holdings, Inc.(IMPM) and its subsidiaries have released their consolidated financial statements for the year ended December 31, 2022. The report reveals that the company experienced a net loss of $39.4 million during the year. Additionally, Impac Mortgage Holdings generated $8.6 million in revenue for the same period.

Financial Performance

Impac Mortgage Holdings faced challenges in 2022 as indicated by its net loss of $39.4 million. This represents a significant decline compared to the previous year when the company reported a net loss of $3.9 million. The increase in the net loss can be attributed to various factors affecting the mortgage industry.

Revenue Analysis