Elevate Credit Inc (ELVT) |
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Price: $1.8700
$0.01
0.538%
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Day's High:
| $1.87
| Week Perf:
| 2.19 %
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Day's Low: |
$ 1.86 |
30 Day Perf: |
3.31 % |
Volume (M): |
536 |
52 Wk High: |
$ 0.00 |
Volume (M$): |
$ 1,002 |
52 Wk Avg: |
$0.00 |
Open: |
$1.86 |
52 Wk Low: |
$0.00 |
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Market Capitalization (Millions $) |
58 |
Shares
Outstanding (Millions) |
31 |
Employees |
768 |
Revenues (TTM) (Millions $) |
579 |
Net Income (TTM) (Millions $) |
-68 |
Cash Flow (TTM) (Millions $) |
6 |
Capital Exp. (TTM) (Millions $) |
17 |
Elevate Credit Inc
Elevate Credit Inc is a technology-enabled provider of online credit solutions in the United States. The company specializes in offering unsecured and installment loans to non-prime consumers who do not have access to traditional banking services. The company operates through its two distinct brands - Rise and Elastic.
Rise is a short-term installment loan provider that offers loans up to $5,000. The loans are designed to be repaid over a period of 4 to 26 months, with interest rates varying between 36% and 299%. The loans are primarily designed for consumers with poor credit scores and who might have difficulty obtaining credit through traditional banks.
Elastic is a financial service providing a line of credit service with an exclusive pricing feature called "Cash Advance". This feature allows users to get cash at any time after the first five payments without any additional fees.
Additionally, Elevate Credit Inc also provides credit score monitoring services to its customers. The company's highly scalable technology platform enables it to provide quick decision making and personalized loan terms to customers. With a focus on using data and technology to provide fair and transparent credit solutions, the company has helped over5 million customers since its inception.
The company's revenue model consists mainly of origination fees, interest income, and non-interest income from other services such as credit monitoring services. The team of professionals at Elevate Credit Inc includes data scientists, software engineers, marketers, and industry analysts.
The company's commitment to responsible lending practices includes transparency in loan terms, providing free credit counseling services, and offering flexible repayment options. Elevate Credit Inc has also received several accolades and awards for its innovative approach to providing credit to underserved consumers.
Company Address: 4150 International Plaza, Fort Worth, 76109 TX
Company Phone Number: 928-1500 Stock Exchange / Ticker: NYSE ELVT
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Stock Performances by Major Competitors |
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Oportun Financial Corporation
Oportun Financial Corporation recently released its financial results for the fourth quarter of 2023, showcasing a combination of positive and negative outcomes. While the company experienced a significant increase in its net shortfall per share and a decline in revenue compared to the previous quarter, operating earnings rose substantially. This article aims to interpret the key financial results, shedding light on both the challenges and successes faced by Oportun Financial Corporation during this period. Financial Highlights: 1. Widening Shortfall per Share: In the fourth quarter of 2023, Oportun Financial Corporation saw a significant increase in its net shortfall per share, amounting to $-0.95, compared to $-0.24 in the same quarter a year earlier. This represents a four-fold increase in losses per share over the given period. Sequentially, the company's net shortfall per share increased from $-0.55. As a result, investors may be concerned about the declining profitability of the corporation.
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Consumer Portfolio Services Inc
Interpreting the Financial Results of Consumer Portfolio Services Inc: A Case of EPS Decline Despite Revenue Elevation LAS VEGAS, NV, March 15, 2024 - Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (CPS or the Company) recently announced its financial results for the fourth quarter of the 2023 earnings season. While the company witnessed a significant increase in revenue, it also faced a decline in earnings per share (EPS). During the fourth quarter of 2023, EPS plummeted by -46.95% to $0.31 per share, contrasting the previous reporting season where EPS stood at $0.41 per share. Conversely, revenue experienced noteworthy growth of 10.789%, amounting to $91.98 million compared to $92.08 million in the corresponding reporting season a year earlier.
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Loandepot Inc
Investors in the financial services industry have been closely monitoring the recent performance of Loandepot Inc, a leading provider of home lending solutions. In the October to December 31 2023 financial span, the company reported a significant surge in revenue by 29.653% to $264.09 million compared to the same period last year. This achievement has surpassed industry contemporaries, as the Miscellaneous Financial Services sector reported a 14.67% revenue rise in the same period. Despite the impressive revenue growth, Loandepot Inc has reported a net deficit of $-59.770 million for this quarter and a per share loss of $-0.14. However, the company has managed to reduce its shortfall per share from the prior fiscal year to $-0.63.
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Sphere 3d Corp
Sphere 3D Corp Reports Surge in Revenue, but Continues to Struggle with Deficit In the recent year-end report released on December 31, 2023, Sphere 3D Corp, a leading Miscellaneous Financial Services company, announced a significant increase in revenue. The company reported a surge of 26.543% to $7.69 million compared to the same reporting season a year ago. However, despite the growth in revenue, Sphere 3D Corp also revealed an increased deficit per share at $-0.72 per share. This sequential increase in deficit from $-0.50 per share and the substantial revenue surge of 34.347% from $5.72 million have raised concerns among investors. Sphere 3D Corp reported a net deficit of $-8.771 million for the financial time-frame ending December 31, 2023. This is a significant improvement from the deficit of $-192.912 million in the corresponding reporting season a year ago. Moreover, the company indicated a shortfall of $-23.33 million and a revenue projection of $21.91 million for the financial period of 2023.
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Core Scientific Inc
Core Scientific Inc, a leading player in the miscellaneous financial services industry, recently released its financial results for the October to December 31, 2023 period. The company showed significant improvement as it reached break-even of $0.00 per share, compared to a loss of $0.63 per share during the same period last year and a loss of $0.11 per share in the preceding reporting season. Furthermore, Core Scientific Inc reported a net deficit of $0.000 million during this period, a substantial improvement from a deficit of $434.847 million in the comparable reporting season a year ago. This shows that the company has been able to control its expenses and reduce its losses significantly.
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Per Share |
Current |
Earnings (TTM) |
-2.15 $ |
Revenues (TTM) |
18.65 $
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Cash Flow (TTM) |
0.19 $ |
Cash |
2.34 $
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Book Value |
5.44 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-2.15 $
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Revenues (TTM) |
18.65 $ |
Cash Flow (TTM) |
0.19 $ |
Cash |
2.34 $
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Book Value |
5.44 $ |
Dividend (TTM) |
0 $ |
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