Recorded Conference Call Number below:
Enova, a publicly traded payday, signature and line-of-credit lender conducted their fourth quater and full year 2017 financial results today.
Take aways:
- Not seeing significant
competition
- "Their customer acquisition costs were disappointingly LOW"
- Experienced a 20% increase in Q4 2017 revenue vs Q4 2016.
- $244M in Q4 2017
- Total 2017 revenue 2017 was $844M.
- Gross profit margin 53%
- CFPB environment very favorable
- Shifting back to single-payment (payday loan) product?
- 2017 EBITDA $158M
- Strong new customer growth
- Aftermarket stock price reached $19.10. (I bought it at $12 in 2017. ENOVA
was a good way to play the CFPB/Mulvaney ploy. WRLD also. WRLD up 20% after CFPB drops lawsuit.) And look at EZPW
- Listen to the recorded conference call for insight into the small dollar loan industry.
- 1-877-344-7529 Access
code: 1011-5651
