Sector: Financials | Industry: Consumer Lending |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2454 McMullen Booth Road, Building C CLEARWATER FL 33759 |
Tel: | N/A |
Website: | https://www.nicholasfinancial.com |
IR: | See website |
Key People | ||
Michael Rost Chief Executive Officer | Jeremy Q. Zhu Founder, Independent Director | Irina Nashtatik Chief Financial Officer, Company Secretary |
Business Overview |
Nicholas Financial, Inc. is a holding company, which conducts its business activities through a wholly owned subsidiary, Nicholas Financial, Inc. (NFI). NFI is a specialized consumer finance company, which is engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of used and new automobiles and light trucks. Additionally, Nicholas Financial sells consumer-finance-related products. Nicholas Data Services, Inc. (NDS), is a second subsidiary of the Company and it serves as the intermediate holding company for Nicholas Financial. The Company is engaged in the business of providing financing programs, primarily to purchasers of used cars and light trucks who meet the Company's credit standards but who do not meet the credit standards of traditional lenders, such as banks and credit unions. The Company provides automobile finance programs across Florida, Indiana, Kentucky, North Carolina, Ohio, and South Carolina. |
Financial Overview |
For the nine months ended 31 December 2023, Nicholas Financial Inc revenues decreased 48% to $18.4M. Net loss increased 12% to $20.6M. Revenues reflect Unrealized losses on equity investments decrease from $66K to $0K. Basic Earnings per Share excluding Extraordinary Items decreased from -$2.53 to -$2.83. |
Employees: | 16 as of Mar 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $41.47M as of Dec 31, 2023 |
Annual revenue (TTM): | $27.09M as of Dec 31, 2023 |
EBITDA (TTM): | -$28.71M as of Dec 31, 2023 |
Net annual income (TTM): | -$36.39M as of Dec 31, 2023 |
Free cash flow (TTM): | $0.30M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 7,290,557 as of Mar 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |