Elevate credit, inc. (ELVT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Revenues

177,455

186,920

192,778

177,760

189,504

207,288

201,480

184,377

193,537

-

172,851

150,471

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

156,367

-

153,920

126,780

130,722

Cost of sales:
Provision for loan losses

82,753

-

101,047

-

87,431

-

113,896

-

-

-

-

-

-

-

-

-

-

Provision for Loan and Lease Losses

-

-

-

78,025

-

-

-

88,598

92,142

106,281

96,203

72,297

82,793

100,316

91,282

67,134

59,089

Direct marketing costs

12,071

10,114

13,821

16,194

11,154

13,450

21,280

22,180

20,695

-

-

-

-

-

-

-

-

Direct marketing costs

-

-

-

-

-

-

-

-

-

-

-

-

10,488

-

22,912

17,683

9,606

Other cost of sales

8,330

7,765

7,459

8,562

5,060

5,467

7,997

6,566

6,329

6,169

5,834

4,425

4,108

4,569

4,958

4,323

3,583

Total cost of sales

103,154

115,617

122,327

102,781

103,645

136,260

143,173

117,344

119,166

134,350

122,279

96,314

97,389

119,874

119,152

89,140

72,278

Gross profit

74,301

71,303

70,451

74,979

85,859

71,028

58,307

67,033

74,371

59,093

50,572

54,157

58,978

49,145

34,768

37,640

58,444

Operating expenses:
Compensation and benefits

26,191

24,769

26,953

25,638

25,710

24,195

24,380

23,380

22,427

21,115

19,502

20,824

20,528

15,477

17,496

16,584

16,100

Professional services

9,207

9,441

8,715

8,860

9,699

9,389

9,789

8,374

8,312

7,803

8,618

8,851

7,576

7,561

8,434

7,415

7,249

Selling and marketing

1,424

1,536

1,794

2,205

1,846

1,910

2,170

2,403

2,952

1,691

2,042

2,142

2,478

1,874

2,418

2,887

2,505

Occupancy and equipment

5,749

-

5,054

-

5,052

-

4,553

-

-

-

-

-

-

-

-

-

-

Operating Leases, Rent Expense

-

-

-

5,179

-

-

-

4,630

4,119

-

3,227

3,519

3,257

2,994

2,928

2,818

2,735

Depreciation and amortization

4,797

4,440

4,350

4,324

4,266

3,821

3,490

2,962

2,715

2,615

2,656

2,393

2,608

2,623

2,777

2,873

2,633

Other

1,251

1,642

1,252

1,710

1,307

1,631

1,233

1,568

1,217

1,505

1,085

1,095

915

1,346

916

844

706

Total operating expenses

48,619

47,255

48,118

47,916

47,880

45,191

45,615

43,317

41,742

38,621

37,130

38,824

37,362

31,875

34,969

33,421

31,928

Operating Income (Loss)

25,682

24,048

22,333

27,063

37,979

25,963

12,692

23,716

32,629

20,609

13,442

15,333

21,616

17,270

-201

4,219

26,516

Other expense:
Net interest expense (See Note 14)

14,195

14,820

14,660

17,947

19,219

20,912

19,810

19,263

19,213

18,441

17,261

18,095

19,246

19,479

17,090

14,208

13,500

Foreign currency transaction (loss) gain

-812

1,301

-870

-710

613

-609

-325

-1,231

756

80

536

1,716

568

-2,535

-1,543

-3,373

-1,358

Goodwill, Impairment Loss

9,251

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-operating loss

-4,263

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-operating loss

-

-

-695

0

-

-

0

0

-38

-

-106

2,646

-133

-43

0

0

0

Total other expense

-28,521

-13,505

-16,225

-18,657

-18,606

-21,833

-20,135

-20,494

-18,495

-18,473

-16,831

-13,733

-18,811

-22,057

-18,633

-17,581

-14,858

(Loss) income before taxes

-2,839

10,543

6,108

8,406

19,373

4,004

-7,443

3,222

14,134

1,999

-3,389

1,600

2,805

-4,787

-18,834

-13,362

11,658

Income Tax Expense (Benefit)

2,072

2,254

1,344

2,634

6,015

-128

-3,209

94

4,651

14,193

-3,979

-1,420

1,137

-365

-2,587

-5,866

5,866

Net Income (Loss) Attributable to Parent

-4,911

8,289

4,764

5,772

13,358

4,132

-4,234

3,128

9,483

-12,194

590

3,020

1,668

-4,422

-16,247

-7,496

5,792

Basic (loss) earnings per share (in usd per share)

-0.11

0.18

0.11

0.13

0.31

0.10

-0.10

0.07

0.22

-0.42

0.01

0.08

0.13

-0.35

-1.25

-0.59

0.45

Diluted (loss) earnings per share (in usd per share)

-0.11

0.19

0.11

0.13

0.30

0.09

-0.10

0.07

0.22

-0.35

0.01

0.08

0.06

-0.10

-1.25

-0.59

0.20

Weighted Average Number of Shares Outstanding, Basic

43,161

44,024

44,169

43,681

43,348

43,208

43,182

42,561

42,211

42,247

41,717

38,541

13,138

13,002

12,976

12,800

12,797

Weighted Average Number of Shares Outstanding, Diluted

43,161

44,441

44,743

44,291

43,875

46,095

43,182

44,239

43,680

23,801

43,158

39,950

28,735

-3,006

12,976

12,800

28,806

Pro forma basic earnings per share (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

Pro forma diluted earnings per share (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

Pro forma basic weighted average shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,895

Pro forma diluted weighted average shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,806