Burford Capital CEO Christopher Bogart on Tuesday sought to minimize the significance of the litigation funder’s newly disclosed double-digit dip in revenue and profits for 2019. Instead, he highlighted a third straight year in which the company deployed over $1 billion to back new claims, as well as a busy start to 2020 for cases in the pipeline and investment opportunities from the coronavirus crisis.

The litigation finance giant’s fiscal report for 2019 showed operating profits tumbled by 21% and total income dropped by 15%. But Bogart stressed that waiting on the courts—an inherent part of the litigation funding model—necessarily led to unpredictable timing on results.