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Enova International, Inc. (NYSE: ENVA) is a pioneering financial technology company headquartered in Chicago, Illinois. With a robust team of over 800 employees, Enova specializes in providing online financial services to both consumers and small businesses that are underserved by traditional banking institutions. The company operates primarily in the United States, United Kingdom, Australia, and Canada, delivering short-term consumer loans, line of credit accounts, and installment loans.
Enova's core business model revolves around leveraging cutting-edge machine learning and world-class analytics to facilitate quick and reliable lending decisions. Consumers can apply for credit online and receive a decision almost immediately, with funds typically disbursed within a day. The company functions as either the direct lender or as a third-party facilitator between borrowers and other lenders, generating revenue from interest income, finance charges, and transaction fees.
Enova's diverse product offerings are built on a solid foundation of proprietary credit models and advanced technology. This allows the company to cater to individualized customer needs, regardless of their credit history. Recent achievements include launching a $300 million share repurchase program and maintaining a strong balance sheet to support continued growth.
In addition to its consumer-focused services, Enova also operates OnDeck Capital, a leading small business lending platform. OnDeck recently partnered with Ocrolus to release a comprehensive Small Business Cash Flow Trend Report, underlining its commitment to supporting the entrepreneurial ecosystem.
Financially, Enova is in a strong position, having provided over $55 billion in loans and financing to more than 10 million customers. The company's recent financial results reflect steady revenue growth and profitable margins, driven by a strategic focus on diversified product offerings and risk management through machine learning algorithms. Enova remains committed to delivering shareholder value while continuously innovating in the financial services sector.
For more information, visit www.enova.com.
Enova International (NYSE: ENVA) reported strong financial results for Q1 2023, with total revenue of $483 million, up 25% from $386 million in Q1 2022. The net revenue margin was 59%, down from 70% year-over-year. The company achieved a net income of $51 million, or $1.56 per diluted share, compared to $52 million or $1.50 per diluted share in the same quarter last year. Adjusted EBITDA rose to $126 million from $106 million. Total liquidity was reported at $905 million, with significant share repurchases and debt retirements occurring during the quarter. Enova anticipates continued growth in 2023, supported by their machine learning capabilities and diversified offerings.
Enova International (NYSE: ENVA) announced that it will release its first quarter 2023 financial results on April 25, 2023, after market close. Following the release, a conference call will be held at 4 p.m. CT to discuss the results, accessible via the Enova Investor Relations website. The company has provided over $48 billion in loans to more than 8 million customers, focusing on serving those underserved by traditional banks. A replay of the call will be available until May 2, 2023 for those who miss the live event.
Enova International (NYSE: ENVA) reported strong financial results for Q4 2022, achieving total revenue of $486 million, a 34% increase from the prior year. Net income was $51 million, or $1.56 per diluted share. For the full year, total revenue reached $1.736 billion, up 44% from $1.208 billion in 2021. However, net revenue margin decreased from 85% in 2021 to 64% in 2022. Originations totaled $1.2 billion, reflecting a 9% year-over-year increase. The company ended the year with a robust liquidity position of $729 million and reported a consolidated portfolio net charge-off rate of 8.8%.
Enova International (NYSE: ENVA) announced that Chief Financial Officer Steve Cunningham will present at the Credit Suisse 24th Annual Financial Services Forum on February 14, 2023, at 11:05 a.m. ET. The presentation will follow a fireside chat format. A live audio webcast and archive of the chat will be accessible on Enova's website. As a leading financial technology company, Enova utilizes machine learning and artificial intelligence to provide financial services, serving over 7.5 million customers with more than $40 billion in loans since its inception. For more information, visit ir.enova.com.
Enova International (NYSE: ENVA) has announced that its fourth quarter and full year 2022 financial results will be released after market close on February 1, 2023. A conference call to discuss these results will take place the same day at 4 p.m. Central Time. The call can be accessed via the Enova Investor Relations website, along with the earnings press release. Enova is a financial technology company that provides online financial services powered by AI and machine learning, having facilitated over $40 billion in loans to more than 7.5 million customers.
Enova International has been recognized as one of Computerworld's Best Places to Work in IT for 2023, marking its 10th consecutive year on the list. Ranked 17th among midsize organizations, this accolade reflects Enova's commitment to challenging development opportunities and exceptional employee benefits. The company emphasizes career growth through programs like tuition reimbursement and mentoring, while also focusing on diversity and community involvement. Enova serves non-prime consumers and small businesses, having provided over $40 billion in loans to more than 7.5 million customers.
Enova International (NYSE: ENVA) announced an increase to its share repurchase program by up to $150 million, effective upon exhausting the current $100 million authorization, which has $19 million remaining as of November 4, 2022. The new authorization expires on December 31, 2023. CEO David Fisher highlighted the company's solid balance sheet and ample liquidity, emphasizing a commitment to long-term shareholder value through investments and buybacks. Repurchase timing will depend on stock price and market conditions.
Enova International (NYSE: ENVA), a leader in financial technology, announced that CFO Steve Cunningham will present at the Stephens Annual Investment Conference in Nashville on November 15, 2022, at 4 p.m. CT. The event will feature a fireside chat format and a live audio webcast is available on Enova's website. Enova specializes in providing online financial services powered by AI and machine learning, serving non-prime consumers and small businesses.
Enova International (NYSE: ENVA) reported a strong performance for Q3 2022, with total revenue reaching $456 million, a 42% increase from Q3 2021. The company achieved diluted earnings per share of $1.57 and adjusted earnings per share of $1.74. Total originations were $1.2 billion, up 10% sequentially. The net revenue margin was stable at 64%, and liquidity stood at $769 million. Despite the uncertain economic environment, Enova remains cautiously optimistic about credit performance and sustainable growth.
Enova International (NYSE: ENVA) will release its third quarter 2022 financial results on October 27, 2022, after market close. A conference call to discuss these results is scheduled for the same day at 4 p.m. Central Time. Investors can access the live webcast on the Enova Investor Relations website. Enova, leveraging machine learning and AI, has provided over $40 billion in loans to more than 7 million customers, focusing on non-prime consumers and small businesses.
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