Significant Revenue Growth
Quarter 3 revenue rose 71.3% year-over-year, driven by increased consumer purchase frequency and growing subscriber count.
Strong Subscriber Growth
Subscriber count reached 529,000 at the end of the third quarter, marking an increase of 67,000 subscribers from the previous quarter.
High Net Income Margin
Adjusted net income for the quarter was $17.3 million, with an adjusted net income margin of 24.7%.
Launch of On-Demand Product
Introduction of the On-Demand product, enhancing consumer activation by 30% and allowing use of Pay-in-4 everywhere.
Positive Guidance Update
Raised 2024 guidance due to strong performance and partnership with WebBank, with a projected 20% growth in 2025 adjusted EPS over 2024.
Profitability Milestones
Achieved an EBITDA margin of 32.2%, with consistent profitability exceeding 30% for three consecutive quarters.
Successful Partnership with WebBank
Partnership simplifies business operations and enhances profitability by standardizing regulatory procedures nationally.