---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001410"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:28:20.567186+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# World Acceptance Q2 net loss $0.24/sh; revenue up 9.7%; credit covenant breach waived

## Summary
- Net loss $1.4M ($0.24/sh diluted loss); adjusted net loss $1.2M ($0.20/sh).
- Revenue $151.2M (+9.7% YoY); gross loans $1.60B (+14.6%).
- Operating cash flow $136.7M in 6 months (+27.7% YoY); tightened underwriting.
- Violated Fixed Charge Coverage Ratio and Collateral Performance Indicator; lenders waived non-compliance on Oct 26.
- No notice of default or acceleration received; company continues to manage credit risk.

## SEC filing metadata
- accession: 0001157523-22-001410
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000115752322001410/0001157523-22-001410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000115752322001410/a52954038.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001410
- JSON: https://secwatch.observer/filing/0001157523-22-001410.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001410.txt

## Key facts
- Earnings Releases
  WORLD ACCEPTANCE CORP reported the second quarter of fiscal 2023 and six months ended September 30, 2022 results: revenue $151.2 million, EPS Net loss per share of $0.24 and adjusted net loss per diluted share of $0.20.
  - Period: the second quarter of fiscal 2023 and six months ended September 30, 2022
  - Revenue: $151.2 million
  - EPS: Net loss per share of $0.24 and adjusted net loss per diluted share of $0.20
  - Result: reported results
  source text: economic uncertainties. Highlights from the second quarter include: Gross loans outstanding of $1.60 billion, a 14.6% increase from same quarter prior year Total revenues of $151.2 million, a 9.72% increase from the same quarter prior year Net loss of $1.4 million and adjusted net loss of $1.2 million Net loss per share of $0.24 and adjusted net loss per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/108385/000115752322001410/0001157523-22-001410-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.