NASDAQ$ATLC

Atlanticus Holdings Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2022 financial results, achieving over $1 billion in annual revenue with consecutive revenue growth.

Atlanticus Holdings Corporation reported a 24.1% increase in total operating revenue for Q4 2022, reaching $268.7 million. Net income attributable to common shareholders was $17.7 million, or $0.98 per diluted common share. The company's purchase volume increased by 1.4% to $625.2 million.

  • Total operating revenue increased 24.1% to $268.7 million.
  • Purchase volume increased 1.4% to $625.2 million.
  • Net income attributable to common shareholders was $17.7 million, or $0.98 per diluted common share.
  • Managed receivables increased 31.6% to $2.1 billion.

Headline financials

Total Revenue

$269M

Previous: $217M+23.9%
EPS (adj)

$0.98

Previous: $2.13-54.0%
Purchase Volume

$625M

Previous: $617M+1.4%
Net Income

$17.7M

Previous: $43.7M-59.5%
Operating Income

$162M

No prior period
Gross Profit

$25.4M

Previous: $86.1M-70.5%
Cash & Equivalents

$230M

No prior period
Total Assets

$2.11B

Previous: $1.94B+8.3%
Stock-Based Comp

$940K

Previous: $916K+2.6%

Revenue & EPS history

Atlanticus · Revenue · Quarterly

$269M

Q4 2022+23.9%vs Q4 2021
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

Atlanticus anticipates continued growth and improvement in asset performance metrics, driven by strategic actions and favorable economic trends. The company expects to increase its growth rate while maintaining a focus on asset level profitability and capital availability.

Tailwinds

  • Continued improvement in early asset performance metrics.
  • Strong cash position and attractive fixed rate financings.
  • Ongoing investment in technology is bearing fruit.
  • Unique customer experience through Financial Empowerment Platform.
  • Substantial opportunity for long term value creation.

Headwinds

  • Ongoing inflationary pressures felt across serviced customers and partners.
  • Tightening in underwriting leading to materially slower growth in the second half of the year.
  • Receivables performance is coming off of historic lows in delinquency in 2020 and 2021.
  • Prudently slowed rate of growth in the near term.
  • Increases in loan delinquencies.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+1.7%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+11.7%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+22.3%

Q4 2013

Best reaction

-21.8%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-0.7%+7.5%
Q4 2025-9.0%+0.5%+20.2%
Q3 2025-5.6%-1.2%+17.7%
Q1 2025-3.3%-7.8%-1.9%
Q4 2024+0.2%-1.4%+6.5%
Q3 2024+6.9%+6.5%+51.3%
Q2 2024+5.1%+12.0%+8.2%
Q1 2024-2.6%-12.3%-8.0%
Q4 2023-8.1%-6.8%-12.8%
Q3 2023+2.9%-0.1%+2.0%
Q2 2023-7.7%-6.6%-14.9%
Q1 2023+2.7%+5.0%+35.8%
Q4 2022-2.3%-12.6%+13.1%
Q3 2022-4.6%+13.5%+4.6%
Q2 2022-4.0%-7.0%-27.0%
Q1 2022-21.8%-13.8%-8.0%
Q4 2021+17.0%+32.7%-3.3%
Q3 2021-8.1%-8.7%-28.1%
Q2 2021+3.0%+2.1%+16.2%
Q1 2021+17.4%+32.0%+37.7%
Q4 2020+9.8%+1.9%+12.8%
Q3 2020+20.4%+7.3%+59.9%
Q2 2020+7.4%+11.6%+41.9%
Q1 2020-10.7%-11.0%+57.8%
Q4 2019-1.1%-9.5%+59.5%
Q3 2019+2.6%+7.3%+15.2%
Q2 2019+11.8%+37.9%+33.2%
Q1 2019+3.9%+3.8%+3.2%
Q4 2018+0.3%-0.8%-3.1%
Q3 2018-3.7%-6.6%-7.2%
Q2 2018-6.0%+6.3%+60.6%
Q1 2018+5.0%-1.5%+9.3%
Q4 2017+5.0%-1.5%+9.3%
Q3 2017+4.7%+13.5%+11.2%
Q2 2017-2.4%-0.8%-10.4%
Q4 2016+0.0%+1.5%-1.9%
Q1 2017+0.0%+1.5%-1.9%
Q3 2016-4.4%-5.3%-11.6%
Q2 2016+0.0%-1.7%+2.4%
Q1 2016+0.3%
Q4 2015-4.8%
Q3 2015-1.3%
Q2 2015+1.3%
Q1 2015-3.5%
Q4 2014-3.5%
Q3 2014+12.7%
Q2 2014-0.7%
Q1 2014+18.5%
Q4 2013+22.3%
Q3 2013+3.6%
Q2 2013-0.3%
Q1 2013+8.7%
Q4 2012-0.3%
Q3 2012-3.8%
Q2 2012-1.0%
Q1 2011+4.7%
Q1 2012+0.7%
Q4 2011+7.3%
Q3 2011-0.3%
Q3 2010-0.3%
Q2 2011+7.5%
Q2 2010+7.5%
Q4 2010+7.5%
Q1 2010+3.6%

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