Loading...
•
Sep 30, 2022
World Acceptance Q2 2023 Earnings Report
Slowed growth in loan balances and customer base by tightening underwriting and reducing new borrower marketing spend.
Key Takeaways
World Acceptance Corporation reported a net loss of $1.4 million for the second quarter of fiscal year 2023, with total revenues increasing by 9.7% to $151.2 million compared to the same quarter of the prior year. The company slowed growth in loan balances and customer base by tightening underwriting and reducing new borrower marketing spend.
Gross loans outstanding of $1.60 billion, a 14.6% increase from same quarter prior year
Total revenues of $151.2 million, a 9.72% increase from the same quarter prior year
Net loss of $1.4 million and adjusted net loss of $1.2 million
Net loss per share of $0.24 and adjusted net loss per diluted share of $0.20
Revenue by Segment
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...