April 24, 2018 7:09 PM ET

Consumer Finance

Company Overview of easyfinancial Services Inc.

Company Overview

easyfinancial Services Inc. provides financial services, including loans and prepaid cards to consumers in Canada. The company offers personal loans, bad credit repair, debt consolidation, EPIC prepaid card, and home and auto security solutions. It also provides mortgage services. The company is based in Mississauga, Canada. easyfinancial Services Inc. operates as a subsidiary of easyhome Ltd.

510-33 City Centre Drive

Mississauga, ON L5B 2N5

Canada

Phone:

905-272-2788

Fax:

905-272-9886

Key Executives for easyfinancial Services Inc.

easyfinancial Services Inc. does not have any Key Executives recorded.

easyfinancial Services Inc. Key Developments

easyfinancial Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017 and 2019; Plans to Open New Locations in 2017 and 2019

easyfinancial announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported Revenue was $55,999,000 against revenue of $44,826,000 a year ago. Operating income was $19,552,000 against operating income of $14,761,000 a year ago. For the full year, the company reported Revenue was $204,076,000 against revenue of $151,668,000 a year ago. Operating income was $74,754,000 against operating income of $46,772,000 a year ago. For the year 2017, the company expects to open 20 - 30 new easy financial locations. For the year 2017, the company expects gross consumer loans receivable portfolio of $475 million - $500 million. Total revenue yield (including revenue generated on the sale of optional ancillary products) of 60% - 62%. Operating margins of 35% - 37%. Total revenue growth of 10% - 12%. For the year 2017, the company expects to open 260 locations operating. For the year 2017, the company expects gross consumer loans receivable portfolio of $775 million - $800 million. Total revenue yield (including revenue generated on the sale of optional ancillary products) of 49% - 51%. easyfinancial margins of 40%+.

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