Atlanticus Holdings Corporation has recently released its 10-K report, providing a comprehensive overview of its financial performance and operations. The company, a financial technology firm, operates in two segments: Credit as a Service and Auto Finance. The Credit as a Service segment offers a range of consumer loan products, including private label and general purpose credit cards, while the Auto Finance segment purchases and services loans secured by automobiles from a network of independent automotive dealers and finance companies.
In ITEM 7, MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, Atlanticus highlights its focus on providing inclusive financial solutions for everyday Americans. The company leverages data, analytics, and innovative technology to unlock access to financial solutions for the millions of Americans who may be underserved. It emphasizes its efforts to empower better financial outcomes for consumers by facilitating appropriately priced consumer credit and financial service alternatives.
The report also details the company's financial activities, including its revenue streams and operations within the Credit as a Service segment. Atlanticus discusses its technology solutions, loan servicing, and investment activities in consumer finance technology platforms. The report also provides insights into the company's Auto Finance segment, highlighting its operations in purchasing and servicing auto loans from a network of dealers.
The market has reacted to these announcements by moving the company's shares 4.9% to a price of $45.86. For more information, read the company's full 10-K submission here.
