Qc Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Charge Offs for the Second Quarter Ended June 30, 2017
August 25, 2017 at 05:05 pm EDT
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QC Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenues of USD 29,222,000 against USD 22,816,000 a year ago. Loss before income taxes was USD 6,601,000 against USD 1,859,000 a year ago. Net loss was USD 4,343,000 against USD 1,940,000 a year ago. Basic and diluted net loss per share was USD 0.25 against USD 0.11 a year ago.
For the six months, the company reported total revenues of USD 60,895,000 against USD 46,234,000 a year ago. Loss before income taxes was USD 4,686,000 against USD 1,353,000 a year ago. Net loss as USD 3,121,000 against USD 1,575,000 a year ago. Basic and diluted net loss per share was USD 0.18 against USD 0.09 a year ago. Net cash flow from operating activities was USD 3,160,000 against USD 4,605,000 a year ago. Capital expenditures were USD 1,581,000 against USD 1,407,000 a year ago.
The company reported charge offs for the second quarter ended June 30, 2017. For the quarter, the company reported severance charges of USD 77,000. The company recorded a charge of USD 2.7 million in second quarter 2016 due to a loan loss reserve for a business-to-business receivable.
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Charge Offs for the Second Quarter Ended June 30, 2017
QC HOLDINGS, INC. 
