secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001157523-22-001410
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752322001410/0001157523-22-001410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752322001410/a52954038.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001410

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer