Cohen & Company Inc. Reports Q1 2023 Net Loss of $10.1 Million

Cohen & Company Inc.(COHN) released its unaudited co nsolidated financial statements for the first quarter of 2023, revealing a net loss of $10.1 million. The financial report shows total revenues of $8.8 million for the same period, with a breakdown across various business segments. While revenue from asset management and new issue and advisory services remained relatively stable, the company witnessed a significant decline in net trading income. Below are the key highlights from the financial statements.

Net Income/Loss

The financial statements for Q1 2023 show that Cohen & Company Inc. incurred a net loss of $10.1 million during the quarter. This loss comes as a result of various factors, including fluctuations in trading income and income from equity method affiliates. The net loss attributed to Cohen & Company Inc. shareholders amounted to $2.6 million, while the non-controlling interest's impact on the loss was $7.5 million.

Revenue