NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Files An 8-K Results of Operations and Financial Condition
Item2.02
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Results of Operations and Financial Condition |
May17, 2017 Clearwater, Florida
– Nicholas Financial, Inc. (NASDAQ: NICK) announced that for the
three months ended March31, 2017, diluted earnings per share
decreased 140.0% to a net (loss) of $(0.14) as compared to a net
gain of $0.35 for the three months ended March31, 2016. Net
(loss) earnings were $(1.1) million and $2.7million for the three
months ended March31, 2017 and 2016, respectively. Revenue
decreased 1.3% to $22.9million for the three months ended
March31, 2017 as compared to $23.2million for the three months
ended March31, 2016
Item9.01 Financial Statements and Exhibits
| Exhibit # | Description | |
| 99.1 | Press Release dated May17, 2017. |
About NICHOLAS FINANCIAL, INC. (NASDAQ:NICK)
Nicholas Financial, Inc. (Nicholas Financial-Canada) is a holding company. The Company’s business activities are conducted through its subsidiary, Nicholas Financial, Inc. (Nicholas Financial). Nicholas Financial is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of new and used automobiles and light trucks. Nicholas Financial also originates direct consumer loans (Direct Loans) and sells consumer-finance related products. Another subsidiary, Nicholas Data Services, Inc. (NDS), acts as the interim holding company for Nicholas Financial. The Company is engaged in the business of providing financing programs, primarily on behalf of purchasers of new and used cars and light trucks. The Company originates Direct Loans in Florida and North Carolina. As of March 31, 2016, the Company’s automobile finance programs were conducted in 18 states. NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Recent Trading Information
NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) closed its last trading session down -0.15 at 9.50 with 15,007 shares trading hands.