Qc Holdings, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
March 12, 2020
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QC Holdings, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 32.222 million compared to USD 27.978 million a year ago. Net loss was USD 726,000 compared to USD 2.800 million a year ago. Basic loss per share was USD 0.04 compared to USD 0.16 a year ago. For the full year, total revenue was USD 117.309 million compared to USD 101.791 million a year ago. Net loss was USD 4.744 million compared to USD 8.062 million a year ago. Basic loss per share was USD 0.27 compared to USD 0.47 a year ago.
QC Holdings, Inc. and its subsidiaries provide consumer loans and other various financial services through its retail branches and online lending operations. The Companyâs consumer loans include installment, single-pay, title and open-end credit loans. The Company also provides other financial products and services, such as credit services, check cashing services, prepaid debit cards, money transfers, money orders and business invoice factoring. It offers invoice factoring and other lending services to small business clients. The Company operates approximately 332 branches with locations in Alabama, Idaho, Kansas, Kentucky, Louisiana, Missouri, Nevada, New Mexico, Oklahoma, Texas, Utah and Wisconsin. It also operates through via the Internet in 10 states. In Canada, the Company, through its subsidiary Amaranth Financial Services Inc. is engaged in short-term consumer lending through approximately 20 branches in four provinces and online across the country.
QC HOLDINGS, INC. 
