earnings
confidence high
sentiment positive
materiality 0.75
EZCORP Q3 FY2021 net loss narrows to $2.6M; PLO +39%; acquires 139 stores
EZCORP INC
2021-Q3 EPS reported
$0.13
revenue$537,107,000
- Net revenues $108.0M (+6% YoY); net loss $2.6M vs. loss $5.5M; diluted EPS -$0.05 vs. -$0.10.
- Pawn loans outstanding $157.2M, up 39% YoY and 25% sequentially; inventory turnover improved to 3.1x.
- Acquired 128 stores in Mexico (Cash Apoyo Efectivo) and 11 in Houston; total store count 1,143, 55% in LatAm.
- Adjusted EBITDA $12.0M, more than doubled from $5.3M; on track for annualized cost savings >$14M.
- Latin America segment contribution turned positive at $3.6M vs. loss of $0.7M; U.S. segment contribution $18.1M.