Atlanticus to Release Q4/FY23 Earnings Jan 25, Host Call Jan 26

TL;DR

**ATLC is dropping Q4/FY23 earnings after market close on Jan 25, with a call on Jan 26 at 9 AM ET.**

AI Summary

Atlanticus Holdings Corp. filed an 8-K on January 24, 2024, to disclose that it will be furnishing its financial results for the fourth quarter and full year ended December 31, 2023, via a press release on January 25, 2024, after the market closes. The company will also host a conference call and webcast on January 26, 2024, at 9:00 AM ET to discuss these results. This matters to investors because it provides the exact dates and times to expect crucial financial performance data, allowing them to prepare for potential stock price movements based on the upcoming earnings report.

Why It Matters

This filing sets the expectation for Atlanticus's upcoming financial performance disclosure, which is a key event for evaluating the company's health and future prospects. Investors can use this information to anticipate the release of critical data that will likely influence the stock price.

Risk Assessment

Risk Level: low — This filing is purely informational, announcing an upcoming earnings release, and does not contain any inherently risky financial or operational changes.

Analyst Insight

A smart investor would mark their calendar for January 25th and 26th to review the earnings report and listen to the conference call, preparing to analyze the financial performance and management's outlook before making any trading decisions.

Key Players & Entities

• Atlanticus Holdings Corporation (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of earliest event reported
• January 25, 2024 (date) — date of press release for Q4 and FY 2023 results
• January 26, 2024 (date) — date of conference call and webcast
• 9:00 AM ET (time) — start time of the conference call and webcast

Forward-Looking Statements

• Atlanticus Holdings Corp.'s stock price will experience increased volatility around January 25-26, 2024. (Atlanticus Holdings Corp.) — high confidence, target: 2024-01-26
• Analysts will update their price targets and ratings for Atlanticus Holdings Corp. following the earnings release. (Atlanticus Holdings Corp.) — medium confidence, target: 2024-02-02

FAQ

Key Financial Figures

• $339 million — ash and cash equivalents: Approximately $339 million   Aggregate unpaid gross balanc
• $2,411 million — e reported at fair value: Approximately $2,411 million   Notes payable outstanding, ne
• $1,862 million — payable outstanding, net: Approximately $1,862 million   Total revenue: Approximately
• $309 million —   Total revenue: Approximately $309 million   Net income attributable to co
• $18 — to common shareholders: In the range of $18-20 million   The preparation of

Filing Documents

• atlc20240123_8k.htm (8-K) — 46KB
• ex_618382.htm (EX-99.1) — 11KB
• ex_618457.htm (EX-99.2) — 16KB
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• 0001437749-24-001998.txt ( ) — 4619KB
• atlc-20240124.xsd (EX-101.SCH) — 4KB
• atlc-20240124_def.xml (EX-101.DEF) — 13KB
• atlc-20240124_lab.xml (EX-101.LAB) — 18KB
• atlc-20240124_pre.xml (EX-101.PRE) — 14KB
• atlc20240123_8k_htm.xml (XML) — 5KB

02.           Results of Operations and Financial Condition

Item 2.02.           Results of Operations and Financial Condition.   The preliminary financial information as of December 31, 2023, and for the quarter then ended, set forth under Item 8.01 below is incorporated into this Item 2.02 by reference.  

01.           Regulation FD Disclosure

Item 7.01.           Regulation FD Disclosure.   On January 24, 2024, Atlanticus Holdings Corporation (the "Company") issued a press release (the "Press Release") announcing that it has commenced an underwritten public offering of Senior Notes due 2029 (the "Offering"). A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.   On January 24, 2024, the Company released an investor presentation that will be used by the Company with respect to the Offering (the "Investor Presentation"). A copy of the Investor Presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.   In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01, Exhibit 99.1 and Exhibit 99.2 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.  

01.           Other Events

Item 8.01.           Other Events.   On January 24, 2024, the Company filed a preliminary prospectus supplement with the Securities and Exchange Commission (the "Commission") under its effective shelf registration statement on Form S-3 (Registration No. 333-255834) (the "Preliminary Prospectus Supplement") in connection with the Offering. The Preliminary Prospectus Supplement contains preliminary financial information as of December 31, 2023, and for the quarter then ended, and includes the following disclosure:      Unrestricted cash and cash equivalents: Approximately $339 million   Aggregate unpaid gross balance of loans, interest and fees receivable that are reported at fair value: Approximately $2,411 million   Notes payable outstanding, net: Approximately $1,862 million   Total revenue: Approximately $309 million   Net income attributable to common shareholders: In the range of $18-20 million   The preparation of financial statements for the Company for the year ended December 31, 2023, is not yet complete. Accordingly, the preliminary financial information presented in the Preliminary Prospectus Supplement and this Item 8.01 reflects the Company's estimates of certain financial information as of December 31, 2023 and for the quarter then ended. Management believes the preliminary financial information is reasonable under the circumstances and reflects management's estimates based solely upon information available as of the date of this Current Report on Form 8-K. These estimates are not meant to be a comprehensive statement of the Company's results for this period and should not be viewed as a substitute for financial statements prepared in accordance with applicable accounting standards. Accordingly, you should not place undue reliance on these estimates.         Cautionary Statement Regarding Forward-Looking Statements &#

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.     (d) Exhibits.   Exhibit No.   Description       99.1   Launch Press Release, dated January 24, 2024.       99.2   Investor Presentation, dated January 24, 2024.       104   Cover Page Interactive Data File (embedded within the Inline XBRL document).         SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     Atlanticus Holdings Corporation             Date: January 24, 2024 By:  /s/ William R. McCamey     Name: William R. McCamey     Title: Chief Financial Officer      

View Full Filing

View this 8-K filing on SEC EDGAR