secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001683168-23-002660
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Q1 net income falls to $13.8M ($0.54/diluted) from $21.1M; revenues up 12%
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- Revenue $83.1M (+11.7% YoY) but pretax income $18.4M vs $29.3M in 2022.
- Net income $13.8M ($0.54/diluted) vs $21.1M ($0.75) prior year; operating expenses rose to $64.7M.
- New contract purchases $415.2M; portfolio receivables $2.882B (+24% YoY).
- Annualized net charge-offs 5.20% (vs 3.29%); delinquencies >30 days 9.92% (vs 8.59%).
- CEO cites strong start, but credit metrics worsened amid economic headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316823002660/0001683168-23-002660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316823002660/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002660

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