My guess is that they are gonna report results within their guidance but probably at the lower end as cost of borrowing for investors has gone up and bank participation was already sharply lower last quarter partly because of that, and they hinted this could worsen as interest rates hike.
Additionally, according to PeerIQ marketplace securitization was 50% lower in q1 vs q4.
It also looks as if they are having competitive issues on the borrowing side as they have left the interest rates for borrowers unchanged for the most part.
Their CLUB certificates could potentially surprise us tho but the volume was so low in q4 that I don't expect a big origination bump there.
Their interest revenue is probably going to help push the revenue higher although with interest rates having risen so much since last quarter, there could be considerable markdowns (accounting rules).
Having said all of that, the stock is trading at a very attractive valuation right now when you look at their EBIDTA, revenue, and cash on hand so I'm heavily invested in them. I really hope they initiate a stock buyback but that could be unlikely as they are more and more tapping into their balance sheet to originate loans.
The FTC thing is nonsense and political and they will easily clear that but it's unfortunate that their brand is getting a hit from it, and there will be additional legal costs.
Their other legal issues related to the ouster of the CEO are behind them for the most parts.
I think there is a big possibility that they will sell themselves to a bank this year. They have a very strong and well connected board. It's unfortunate that their CEO lacks vision. They could have so much potential as a market leader but the best path forward might be to sell themselves at a good premium. I also hope they won't be subjected to a takeover as that could sharply reduce the premium.
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