secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001157523-23-000094
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance Q3 net income drops to $5.8M; customer base down 13.7% YoY
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- Net income $5.8M ($0.98 diluted EPS) vs $7.3M ($1.14) prior year; revenue $146.5M (-1.4% YoY).
- Gross loans $1.55B, down 3.2% YoY; customer base decreased 13.7% over trailing 12 months.
- 0-89 day past due improved to 20.5% from 23.5% sequentially; tightened underwriting reduced new borrower originations.
- Adjusted net loss (excl CECL) $4.5M ($0.78 loss/sh) vs adjusted income $25.0M ($3.90) prior year.
- Nine-month operating cash flow $203.3M, up 21.5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752323000094/0001157523-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752323000094/a53291471.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000094

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