|Bid||0.2000 x 0|
|Ask||0.2100 x 0|
|Day's Range||0.2100 - 0.2100|
|52 Week Range||0.1600 - 0.2700|
|Beta (3Y Monthly)||2.15|
|PE Ratio (TTM)||15.00|
|Earnings Date||Aug 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MONTREAL, Sept. 12, 2019 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (IOU.V), a leading online lender to small businesses (IOUFinancial.com), is pleased to announce that Canadian Business ranked IOU for the sixth consecutive year to The Growth 500, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, the Growth 500 ranked IOU as the 244th fastest growing company on the 2019 Growth 500 list with five-year revenue growth of 211%. "We are honoured to be on The Growth 500 list for the sixth consecutive year.
IOU Financial Inc. Releases Financial Results for the Three and Six- Month Period Ended June 30, 2019
MONTREAL, Aug. 2, 2019 /PRNewswire/ - IOU Financial Inc. ("IOU") (IOU.V) is pleased to announce that the holders of its 10% convertible unsecured subordinated debentures due December 31, 2020 (the "Debentures") have approved the previously announced amendments to the terms of the Debentures by extraordinary resolution. The amendments, which were detailed in IOU's news release of July 25, 2019, received the support of the holders of over 66 2/3% of the aggregate principal amount of the Debentures, as required by the terms of the trust indenture pursuant to which they were issued. IOU has already applied for and received conditional approval from the TSX Venture Exchange for the amendments.
MONTREAL , July 25, 2019 /CNW Telbec/ - IOU Financial Inc. ("IOU") (IOU.V) is announcing that, subject to the definitive approval of the TSX Venture Exchange (the "TSX-V"), it intends to amend the terms of its series of 10% convertible unsecured subordinated debentures, which were issued by way of private placement pursuant to a trust indenture dated November 2, 2015 (the "Debentures").
Under IFRS, Q1 2019 represents the Company's sixth consecutive profitable quarter. Loan originations increased 33.7% to US$32.8 million in Q1 2019 compared to the same period in 2018. The Company closed a new credit facility in Q1 2019 at a rate which is substantially lower than the current Cost of Borrowing Rate.
MONTREAL , May 3, 2019 /CNW Telbec/ - IOU Financial Inc. ("IOU" or the "Company") (IOU.V), a leading online lender to small businesses (IOUFinancial.com), announced today that it will submit a special resolution at its annual and special meeting of the Company's shareholders (the "Meeting") which will be held on June 13, 2019 in Montreal , to authorize a consolidation of its common shares ("Shares"). The Company considers it may be advisable to consolidate its issued and outstanding Shares since a share consolidation may have the effect of raising, on a proportionate basis, the market price of the common shares, which could appeal to certain investors that find shares trading above certain prices to be more attractive from an investment perspective.
Loan originations increased 36.8% to US$125.0 million during the year ended December 31, 2018 . Reduced operating costs (excluding non-recurring costs) by 5.5% to $8.5 million for the year ended December 31, 2018 . MONTRÉAL, April 25, 2019 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU" or "the Company") (IOU.V), a leading online lender to small businesses (IOUFinancial.com), announced today its results for the year ended December 31, 2018 .
On this date, the Company granted options entitling its officers, directors, employees and consultants to acquire up to an aggregate of 2,315,000 Common Shares of the Corporation ("Shares"). Five hundred thousand options have an exercise price of $0.27 and the remainder have an exercise price of $0.22 .
Sector Financial Inc, an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility. The facility is structured with an accordion and may be increased to US$100 million at IOU's request and the lender's acceptance.
IOU Financial Inc. Joins the FINSYNC Lending Network - IOU integrates its funding solution with FINSYNC's cash flow management platform to fuel the growth of more businesses
Net earnings on an IFRS basis amounted to $600,593 in Q3 2018 and $2.3 million year-to-date. Loan originations increased 84.7% to US$36.1 million during the third quarter compared to the same period last year. "IOU continued to deliver strong loan origination growth and earnings performance during the third quarter of 2018 and we have successfully managed loan defaults as a result of measures implemented last year.
MONTRÉAL, Oct. 11, 2018 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU Financial" or "the Company") (IOU.V), a leading online lender to small businesses (IOUFinancial.com), announces today that it has funded more than US$600 million in financing to thousands of merchants and small businesses across the United States and Canada since December 2009 . IOU Financial Inc. provides small businesses throughout the U.S. and Canada access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, salons, gas stations, auto repair shops, and restaurants. In a unique approach to lending, the IOU Financial advanced, automated application and approval system accurately assesses applicants' financial realities, with an emphasis on day-to-day cash flow trends.