Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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New words:
affirmative, blended, elevated, fourteen, hiring, instruction, mitigated, Pennsylvania, pro, rata, Regulation, sale, scrutiny, twelve, unnecessary
Removed:
anticipated, anticipation, base, Coinciding, decrease, decreased, exchanged, exercisable, expired, granted, half, previously, quoted, remained, securing, show, stable, strike, treatment
Financial report summary
?Management Discussion
- Results of Operations for the Three Months ended March 31, 2024 Compared to the Three Months ended March 31. 2023
- Revenue increased by 36.1% overall or $751,149 to $2,829,953 for the three months ended March 31, 2024 from $2,078,804 for the three months ended March 31, 2023. The increase in revenue was primarily due to a 41.0% or $713,257 increase in finance charges and a 12.2% or $30,141 increase in late charges. Revenue from finance charges comprised 86.6% and 83.6% of overall revenue for the three months ended March 31, 2024 and 2023, respectively.
- During the three months ended March 31, 2024 compared to the three months ended March 31, 2023, the company financed an additional $8,305,372 in new loan originations. This increase was due largely to increased marketing efforts throughout our established states and new states. The total quantity of loan originations increased by 456 for the three months ended March 31, 2024 as compared to the three months ended March 31, 2023. The quantity of loan originations is directly correlated to the origination charge revenue, as the Company immediately recognizes an origination fee on substantially all new loans.