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Elevate Credit Inc (ELVT) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Elevate Credit Inc (ELVT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Elevate Credit Inc provides technology-driven, progressive online credit solutions to non-prime consumers. It uses advanced technology & proprietary risk analytics to provide convenient & responsible financial options to its customers. Elevate Credit Inc has a market cap of $183.600 million; its shares were traded at around $4.25 with a P/E ratio of 15.18 and P/S ratio of 0.28.


For the last quarter Elevate Credit Inc reported a revenue of $207.3 million, compared with the revenue of $193.4 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $786.7 million, an increase of 16.9% from last year. For the last five years Elevate Credit Inc had an average revenue growth rate of 53.2% a year.

The reported diluted earnings per share was 28 cents for the year, compared with the loss per share of $1.797 in the previous year. The Elevate Credit Inc had a decent operating margin of 12.06%, compared with the operating margin of 10.53% a year before. The 10-year historical median operating margin of Elevate Credit Inc is 2.07%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Elevate Credit Inc has the cash and cash equivalents of $58.3 million, compared with $41.1 million in the previous year. The long term debt was $562.6 million. Elevate Credit Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $4.25, Elevate Credit Inc is traded at 45.9% discount to its historical median P/S valuation band of $7.86. The P/S ratio of the stock is 0.28, while the historical median P/S ratio is 0.44. The stock lost 44.11% during the past 12 months.

For the complete 20-year historical financial data of ELVT, click here.

This article first appeared on GuruFocus.