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CORRECTED: Comstock Reports Fourth Quarter and Fiscal Year 2024 Results

1. CHCI corrected its Q4 2024 Adjusted EBITDA, raising it from $3.1M. 2. The correction may enhance investor confidence in CHCI's financial reporting.

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FAQ

Why Bullish?

Correcting financial metrics improves transparency and may positively influence investor sentiment. Historical corrections in earnings reports often lead to share price recovery.

How important is it?

The correction addresses potential misrepresentation, crucial for maintaining credibility, thus likely influencing investor actions significantly.

Why Short Term?

The immediate correction signals financial health, likely affecting investor sentiment quickly. Such news typically has a higher short-term impact than long-term effects.

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SPGIMSCIAMT
RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”) has issued this press release to correct an error in its reporting of Q4 2024 Adjusted EBITDA when announcing its financial results for the fourth quarter and fiscal year ended December 31, 2024 earlier today. The Company inadvertently understated Q4 2024 Adjusted EBITDA by originally reporting a result of $3.1 million in the Key Performance Metrics table and associated non-GAAP financial.

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