New Guidance For Intelligent Commercial Lending Plans

– IOU Financial recorded gross revenue for the quarter ended December 31, 2015 of $3.8 million versus $1.8 million for the quarter ended December 31, 2014, representing a 111% increase. IOU Financial recorded gross revenue during the year ended December 31, 2015 of $12.0 million versus $6.2 million for the year ended December 31, 2014, representing a 94% increase – IOU Financial recorded net revenue for the quarter ended December 31, 2015 of $2.4 million versus $1.6 million for the quarter ended December 31, 2014, representing a 50% increase. IOU Financial recorded net revenue during the year ended December 31, 2015 of $7.7 million versus $5.1 million for the year ended December 31, 2014, representing a 52% increase. – The Company closed its fourth quarter 2015 with a net loss attributable to common shareholders of $628,524, or $0.02 per share, compared to a net loss of $308,518 or $0.01 per share during the same period of 2014. The Company recorded a net loss attributable to common shareholders for the year ended December 31, 2015 of $3,658,473, or $0.06 per share, compared to a net loss of $1,318,656 or $0.03 per share during the same period of 2014. – The Company closed its fourth quarter 2015 with adjusted earnings, which exclude certain non-cash and non-recurring items, of negative $491,677, compared to adjusted earnings of negative $190,600 in 2014. The Company recorded adjusted earnings for the year ended December 31, 2015 of negative $1,695,156, compared to negative $1,400,635 in 2014. “In the past year, IOU Financial reached record loan originations. We are now firmly established as a preferred alternative lender in the United States and, with the launch of our services in the Canadian market, we will soon serve small businesses right across North America,” said IOU Financial CEO Phil Marleau. “IOU Financial continues to lead innovation in the financial technology sector.

http://finance.yahoo.com/news/iou-financial-inc-releases-financial-234800811.html

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