posted April 27, 2022 08:00 pm by Betteryear2
(3281)
Company highlights strong year over year growth in loan originations, return to profitability on an annual basis, and provides update on Post-Pandemic Growth Plan. Total loan originations reached
...read more
posted December 22, 2021 10:07 pm by Method
(22)
My calculations are very different. What is your revenue calculation if originations average US$60m/quarter for a year?
rate and reply
posted December 22, 2021 11:33 am by ValueYSK
(1)
Sorry for using the wording MSR just got stuck in my mouth haha Loan Servicing Right would be more appropriate since they are making loans to small business
rate and reply
posted December 22, 2021 11:31 am by ValueYSK
(1)
Mortgage Servicing Rights can be a very lucrative capital light sector However, the accounting is very tricky and has to be taken with a grain of salt. First right now, IOU Financial is
...read more
posted November 02, 2021 10:53 pm by Method
(22)
we got the under. A bit disappointing but still big growth over Q2.
rate and reply
posted November 02, 2021 08:32 pm by Betteryear2
(3281)
Company celebrates major milestone in its 12-year history of funding small business growth in North America ATLANTA, Nov. 2, 2021 /PRNewswire/ - IOU FINANCIAL INC.
...read more
posted October 02, 2021 05:19 pm by Method
(22)
What's the guess for Q3 originations? I'll set the over/under at $55.5m which is just July * 3. I'm betting on the over. I think breakeven is around $15m in monthly
...read more
posted September 13, 2021 07:32 pm by letsroll99
(0)
July originations hit an all-time record for the company! Wow. Here's hoping the economy keeps booming... Covid and inflation please go away.
rate and reply
posted September 03, 2021 05:10 pm by Betteryear2
(3281)
IOU intends to repurchase an additional $2 million of convertible debentures, increasing the total announced and intended repurchases up to $4.3 million in 2021. MONTREAL,
...read more
posted August 26, 2021 05:05 pm by Method
(22)
I thought this was a great quarter. I'm really excited for the rest of the year. Earnings should be positive by Q4 based on these trends without any credit risk.
rate and reply
posted August 26, 2021 09:03 am by Betteryear2
(3281)
Company highlights strong quarter-to-quarter growth in loan originations, shares progress on Post-Pandemic Growth Plans and announces migration to marketplace strategy. Loan origination volume
...read more
posted August 09, 2021 02:01 pm by letsroll99
(0)
Product innovation is something that IOU mentioned as part of their PPGP (Post Pandemic Growth Plan) - looks like they are delivering: https://debanked.com/2021/08/iou-introduces-the-cash-back-concept
...read more
posted August 09, 2021 02:00 pm by letsroll99
(0)
Great coverage in deBanked re. structural changes at IOU: https://debanked.com/2021/08/wave-of-management-changes-come-to-iou-financial-as-it-prepares-for-the-future/
rate and reply
posted July 26, 2021 11:25 pm by Method
(22)
I think it's just under the radar. We get the next look on origination growth at the end of August. Breakeven is around $15m/month in originations and they guided above that for the back half
...read more
posted July 26, 2021 08:15 pm by letsroll99
(0)
IOU came out of the pandemic in a strong cash position and recently announced they are buying back $1.9M of corporate debentures... why is this a penny stock? https://news.ioufinancial.com/2021-06-16
...read more
posted July 26, 2021 01:55 pm by letsroll99
(0)
"IOU is now an asset light fintech with a big chequebook and hollowed out competition." AGREED. Also liked what they had to say in their Q1 financial results about where they are
...read more