Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 126

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 126
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 results of operations. Losses are the largest cost as a percentage of revenues across all of our products. Fraud and customers not being able to repay their loans are both significant drivers of loss rates. If we experienced rising credit or fraud losses this would significantly reduce our earnings and profit margins and could have a material adverse effect on our business, prospects, results of operations, financial condition or cash flows.

       57

Risks Relating to an Investment in Our Securities

The prices of our securities may fluctuate significantly, and this may make it difficult for you to resell our securities when you want or at prices you find attractive. The prices of our securities on the NASDAQ Global Select Market constantly change. We expect that the market prices of our securities will continue to fluctuate. The market prices of our securities may fluctuate in response to numerous factors, many of which are beyond our control. These factors include the following:

     •
     actual or anticipated fluctuations in our operating results;

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     changes in expectations as to our future financial performance, including financial estimates and projections by Atlanticus, securities analysts and investors;

     •
     the overall financing environment, which is critical to our value;

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     changes in interest rates;

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     inflation and supply chain disruptions;

     •
     the operating and stock performance of our competitors;

     •
     announcements by us or our competitors of new products or services or significant contracts, acquisitions, strategic partnerships, joint ventures or capital commitments;

     •
     the announcement of enforcement actions or investigations against us or our competitors or other negative publicity relating to us or our industry;

     •
     changes in generally accepted accounting principles in the U.S. ("GAAP"), laws, regulations or the interpretations thereof that affect our various business activities and segments;

     •
     general domestic or international economic, market and political conditions;

     •
     changes in ownership by executive officers, directors and parties related to them who control a majority of our common stock;

     •
     additions or departures of key personnel;

     •
     the annual yield from distributions on the Series B preferred stock or interest on the 2026 Senior Notes and the 2029 Senior Notes as compared to yields on other financial instruments; and

     •
     global pandemics (such as the COVID-19 pandemic).

In addition, the stock markets from