secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001185348-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group Q4 GAAP EPS loss $0.22; full year diluted EPS loss $2.13
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- Q4 2023: net loss $8.8M, diluted EPS $(0.22); portfolio revenue $217.4M.
- Full year 2023: net loss $83.5M, diluted EPS $(2.13); portfolio purchases $1.2B (+36% YoY).
- Total cash collections Q4 $410.3M, up 4.8% YoY; US collections down, Europe up.
- Operating expenses Q4 up 7.6%; full year interest expense up 39.1% to $181.7M.
- Company addressing US underperformance; expects meaningful profitability in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534824000006/0001185348-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534824000006/praa-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001185348-24-000006

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