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IOU Financial Inc. (V:IOU)

Business Focus: Consumer Lending (NEC)

Sector:  Financials Industry:  Consumer Lending
See Regulatory Filings on SEDAR
Company Contact
Address: 1670-1 PL Ville-Marie
Tel: N/A
IR: See website
Key People
Robert L. Gloer
President, Chief Executive Officer, Director
David John Hunty Kennedy
Chief Financial Officer and Secretary
Business Overview
IOU Financial Inc. is a Canada-based company, which is engaged in providing small businesses access to the capital for growth opportunities. The Company operates in one reportable operating segment with two main activities: lending and servicing. The Company's lending activity originates and retains loans as part of its commercial loans receivable portfolio. The Company's servicing activity services commercial loans that have been sold to institutional purchasers on a non-recourse basis in exchange for a servicing fee. The Company's IOU360 technology platform connects underwriters, merchants and brokers in real time. Its customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. Its wholly owned subsidiaries include IOU Central Inc., IOU Financial Canada Inc., IOU Small Business Asset Fund I, LLC, IOU Small Business Asset Fund II, LLC, and ZING Funding I, LLC.
Financial Overview
For the nine months ended 30 September 2021, IOUFinancial Inc revenues decreased 33% to C$9.8M. Net incometotaled C$3M vs. loss of C$3.5M. Revenues reflect Lendingsegment decrease of 61% to C$937K. Net Income reflectsProvision for Losses net decrease from C$8.8M (expense) toC$927K (income), Interest expense decrease of 59% to C$1M(expense). Basic Earnings per Share excluding ExtraordinaryItems increased from -C$0.04 to C$0.03.
Employees: 5 as of Jun 30, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $18.44M as of Sep 30, 2021
Annual revenue (TTM): $12.25M as of Sep 30, 2021
EBITDA (TTM): $3.77M as of Sep 30, 2021
Net annual income (TTM): $3.73M as of Sep 30, 2021
Free cash flow (TTM): $10.88M as of Sep 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 104,990,596 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization