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Elevate Credit Reports Second Quarter Earnings Results
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News Roundup
Elevate Credit Reports Second Quarter Earnings Results

Elevate Credit Reports Second Quarter Earnings Results

Fintech Nexus Staff·
News RoundupOnline LendingUSA
·Aug. 1, 2017·1 min read

Elevate Credit reported its second quarter earnings results on Monday, July 31; revenue for the quarter was $150.5 million, increasing 18.7% from the comparable quarter; earnings per share were $0.08, increasing from a loss of -$0.59 in the second quarter of 2016; business highlights noted in the earnings release included over $200 million in total principal outstanding with more than 120,000 open accounts, the launch of Elevate Labs and the introduction of the RISE line of credit product in Kansas. Source

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