- Curo Group press release ( NYSE: CURO ): Q4 GAAP EPS of -$4.60 misses by $4.32 .
- Revenue of $217.19M (-3.2% Y/Y) misses by $6.74M .
- The $157.5 million increase in Net loss in the fourth quarter of 2022 compared to the same period in 2021 was primarily driven by a $174.9 million increase in other expense, offset by a favorable increase in benefit from income taxes of $12.1 million.
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Year-over-year growth in Gross loans receivable of $539.5 million, or 34.8%, was primarily driven by an increase of $374.3 million or 81.5% in Canada POS lending as Flexiti continues to increase originations, and $111.4 million or 16.8%, due to the acquisitions of Heights Finance in Q4 2021 and First Heritage in Q3 2022 and an increase of $53.8 million, or 12.6%, for Canada Direct Lending due to organic loan growth, which was partially offset by the sale of the Legacy U.S. Direct Lending business in Q3 2022.
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Curo Group GAAP EPS of -$4.60 misses by $4.32, revenue of $217.19M misses by $6.74M