charge—320—320Net income - adjusted$460$535$2,802$2,181ExpandThree Months Ended December 31,Years Ended December 31,Originations2025202420252024Retail finance receivables originations$8,404$10,637$36,314$36,960Lease originations4,2294,94319,56719,089Total originations$12,633$15,580$55,881$56,049ExpandThree Months Ended December 31,Years Ended December 31,Average Earning Assets2025202420252024Average retail finance receivables$75,610$75,318$76,717$73,917Average commercial finance receivables17,33419,60917,20 ...

Core Viewpoint - AmeriTrust Financial Technologies Inc. has successfully closed the second tranche of its brokered offering, raising a total of $39,552,200 to support its automotive finance operations and lease origination efforts [1][2]. Financing Details - The second tranche of the offering raised an additional $3,365,000, following the first tranche which closed on December 23, 2025, for $36,187,200, bringing total gross proceeds to $39,552,200 [1]. - The second tranche included the issuance of 2,500 Debenture Units at $1,000 each, generating $2,500,000, and 17,300,000 Life Units at $0.05 each, generating $865,000 [3]. Management and Strategic Developments - Jeff Morgan, CEO of AmeriTrust, expressed gratitude to existing and new shareholders and highlighted the management team's participation in the financing, indicating strong commitment [2]. - John Wimsatt has been appointed as Chief Investment Officer, bringing experience from ECN Capital Corp. to help secure additional lease origination funding [2]. Use of Proceeds - The net proceeds from the offering will be utilized to restart lease originations in Q1 2026 and for working capital purposes [5]. Regulatory and Compliance Information - The LIFE Offering was conducted under the "listed issuer financing exemption" as per Canadian securities regulations [4]. - The Debenture Units and Broker Warrants are subject to a statutory hold period until May 16, 2026, while the Life Units are not [7]. Advertising and Investor Awareness - AmeriTrust has engaged Dig Media Inc. for an advertising and investor awareness campaign, costing $40,000, to enhance visibility among investors [8][9].

Core Viewpoint - AmeriTrust Financial Technologies Inc. is launching an amended brokered offering to raise capital for its automotive finance operations, including a Debenture Offering of up to $25 million and a LIFE Offering of up to $15 million, with the potential for increases through the Agents' Option [1][3]. Group 1: Offering Details - The Debenture Offering will consist of up to 25,000 units priced at $1,000 each, aiming for gross proceeds of up to $25 million, with each unit including a convertible debenture and warrants [6][13]. - The LIFE Offering will consist of up to 300 million units priced at $0.05 each, targeting gross proceeds of up to $15 million, with each unit including a common share and a warrant [13][14]. - The Closing Date for the Offering is anticipated around December 17, 2025, pending regulatory approvals [3][4]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized to restart lease originations in Q1 2026, funding both "flow" and "haircut capital" under a bankruptcy remote trust [4][5]. - The capital raised is expected to catalyze new originations, enhance revenue generation, and support overall growth, with initial operations starting in Texas and plans for expansion into Florida and California [5][20]. Group 3: Financial Structure - The Debentures will mature in five years, with an interest rate of 8% per annum, payable quarterly, and will be convertible into common shares at a conversion price of $0.085 [7][8]. - The Company has the right to force early conversion of the Debentures if certain trading price conditions are met, providing additional interest payments to holders [9][10]. - The Debentures will rank senior to other unsecured obligations and will not be subordinated without majority holder consent [11][12]. Group 4: Agent Commissions and Options - Agents will receive a cash commission of 6% on the gross proceeds from the Debenture Offering and 5% from the LIFE Offering, along with broker warrants as additional compensation [16][17]. - An Agents' Option allows for the issuance of additional units for up to $6 million to cover over-allotments, with specific limits on LIFE Units [18].

Core Viewpoint - Automotive Finco Corp. has filed its condensed interim consolidated financial statements for the nine months ended September 30, 2025, and is exploring strategic alternatives to return cash to shareholders efficiently [1][2]. Financial Performance - The total amount received from the Partnership's loan investment, including all outstanding interest, was $26,608,540 [2]. Company Overview - Automotive Finco Corp. is a finance company focused exclusively on the auto retail sector and may pursue other direct investments and financing opportunities within this sector [3].

Core Insights - The Chinese automotive industry is transitioning towards digitalization, greening, and internationalization, with automotive finance playing a crucial role in this transformation [1][2] - The "Belt and Road" initiative, RCEP agreement benefits, and the facilitation of cross-border RMB settlements are enhancing the global expansion of Chinese automotive brands, shifting from "product export" to "ecosystem export" [1] - The "2025 Second Automotive Finance and Global Expansion High-Quality Development Conference" will be held on November 21 in Shenzhen, focusing on the innovative and globalized development of automotive finance [1][2] Industry Trends - The conference aims to gather financial institutions, manufacturers, automotive finance companies, leasing firms, and experts to discuss themes such as "automotive finance service innovation" and "global transformation of automotive finance" [2] - The event will feature case sharing and roundtable discussions to outline the latest trends and practical paths in automotive finance innovation and global expansion [2] - The conference will also host the "2025 Automotive Industry Star Award" ceremony to recognize outstanding contributions in automotive finance innovation and global practices [2] Strategic Importance - The current phase of globalization for the Chinese automotive industry positions automotive finance innovation and expansion as essential rather than optional [2] - The conference serves as a platform for resource integration, allowing participants to gain insights into industry trends and practical expansion strategies while fostering deep cooperation among manufacturers, financial institutions, and technology companies [2] - The event invites stakeholders from the automotive supply chain and financial institutions to collaborate in empowering the global growth of Chinese automotive brands [2]

Financial Data and Key Metrics Changes - Total net revenues for Q1 fiscal 2026 increased by 2.8% to $15 million, compared to $14.6 million in the prior year period, driven by a 9.4% increase in subscription and support revenues [15][5] - Gross profit for Q1 fiscal 2026 was $5.9 million, or 39.4% of net revenues, down from $6.6 million, or 45% of net revenues in Q1 fiscal 2025 [16] - GAAP net loss attributable to the company for the quarter totaled $2.4 million, or $0.20 per diluted share, compared to a GAAP net income of $71,000, or $0.006 per diluted share in the prior year period [17] Business Line Data and Key Metrics Changes - Subscription, SaaS, and cloud support revenues increased by 9.4% to $9 million, compared to $8.2 million in the prior year period [15] - Total services revenue decreased to $6 million from $6.4 million in the prior year period [15] Market Data and Key Metrics Changes - The company achieved significant milestones in the Asia-Pacific region, including a strategic cooperation agreement in China focused on integrated financial services for the automotive industry [8] - The company maintained a sizable market share in the Chinese auto finance market and became a partner of choice for Chinese OEMs and asset finance companies looking to expand abroad [9] Company Strategy and Development Direction - The company is focused on expanding its global footprint through its AI-powered Transcend platform, aiming to simplify and optimize every stage of the asset, retail, and commercial lifecycle [20] - Ongoing investments in artificial intelligence, including the launch of CheckAI, reflect the company's commitment to intelligent automation and asset finance [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging operating environment due to macroeconomic headwinds, including credit tightening and rising auto loan delinquencies, but emphasized that the business fundamentals remain solid [10][13] - The company is targeting full-year revenue guidance of 5-7%, supported by a growing pipeline and investments made in its go-to-market and AI-enabled platform [13] Other Important Information - The company experienced a 36% increase in selling and marketing costs due to strategic investments in expanding its global sales organization [11] - The cash position as of September 30, 2025, was $22.7 million, providing ample liquidity to support ongoing growth initiatives [19] Q&A Session Summary - There were no questions from participants during the Q&A session, indicating a lack of immediate inquiries regarding the company's performance or outlook [23][28]

Summary of Experian FY Conference Call (November 04, 2025) Industry Overview - The conference focused on the automotive finance market, particularly retail financing trends and consumer credit information [2][3] - The presentation utilized vehicle title and registration data from DMVs and OEMs to analyze the U.S. market [2] Key Points on Retail Financing - Retail financing for vehicles has increased slightly, up nearly 2% year-over-year, with approximately 17 million transactions recorded through August [3] - Cash transactions in the retail space have risen significantly, with cash purchases for new cars at about 20% and used vehicles at an all-time high [4] - Off-lease returns are at a low of 2.2 million units, leading to a scarcity of late-model vehicles [5] Leasing Trends - Leasing rates have averaged around 24% this year, with a notable increase in off-lease electric vehicles (EVs) expected in the coming years [5][6] - Honda remains the top brand for leasing, while Tesla has seen significant growth in leasing volume [6] Consumer Credit Insights - Credit scores have been steadily increasing, with average new credit scores up by 2.755 points [8] - The subprime market has seen a modest recovery, but overall, the prime population is growing, indicating a shift in consumer demographics [10][11] Lending Landscape - Banks dominate the lending market, holding nearly 29% of the market share, while captive finance companies have seen a decline [12][13] - Banks are becoming more aggressive in lending, with some expanding their financing options to older vehicles [13][29] Affordability Challenges - The average new loan amount has reached the mid-$42,000s, significantly higher than pre-COVID levels [16][17] - Over 17% of car payments now exceed $1,000, with the Ford F-150 being the most common vehicle associated with these payments [20][21] Demographic Shifts - Households earning less than $100,000 now represent less than 50% of new car buyers, while those earning over $200,000 have increased to nearly 20% [22] - Gen X remains the largest group of car buyers, but Millennials are rapidly approaching this demographic [22] Electric Vehicle Market - EVs accounted for about 12% of the new car market as of September, with a significant portion of leases expected to return in the coming years [23][26] - The majority of used EVs purchased this year were Teslas, with a projected total of around 500,000 used EVs by year-end [26] Delinquency and Fraud Concerns - Auto loan delinquency rates have reached record highs, surpassing levels seen during the 2009 financial crisis, with 0.91% of auto balances at 60-day delinquency [40][41] - Fraud has become a significant issue, with an estimated $4 billion lost to fraud in the previous year [42][43] Conclusion - The automotive finance market is experiencing significant changes driven by affordability issues, demographic shifts, and the increasing prevalence of EVs [45][46] - The overall market remains cyclical, with lenders adapting to current conditions while facing challenges related to delinquency and fraud [48][49]

Core Insights - AmeriTrust Financial Technologies Inc. has entered into an agreement to become the National Lease Partner for myAutoloan.com, enhancing its position in the automotive finance sector [1] Company Overview - AmeriTrust specializes in automotive finance, focusing on used vehicle lease originations [1] - myAutoloan.com is a direct-to-consumer online automotive finance marketplace established in 2003 [1] Strategic Partnership - The partnership with myAutoloan.com is expected to strengthen AmeriTrust's market presence and expand its service offerings in the automotive finance industry [1]

Core Insights - Repay Holdings Corporation (NASDAQ:RPAY) is highlighted as a promising investment opportunity among NASDAQ stocks priced under $5, particularly following its recent partnership with Emotive Software [1][2] Group 1: Partnership and Integration - Repay Holdings announced a collaboration with Emotive Software, an automotive finance and compliance platform, to integrate payment automation and loan management capabilities [1][2] - This partnership aims to enhance the efficiency of automotive sales and finance companies by combining Repay's payment technology with Emotive's loan management into a unified platform [1][2] Group 2: Benefits of the Integration - The integration is expected to expand loan payment automation, providing significant advantages to dealerships and lenders utilizing the Emotive platform [2] - Repay's advanced automation ensures that payments are processed and tracked instantly, allowing automotive lenders and dealerships to offer borrowers flexible payment options [2] Group 3: Company Overview - Repay Holdings Corporation operates as a payments technology company, offering integrated payment processing solutions for both consumers and businesses through its Consumer Payments and Business Payments segments [3]

Company Overview - Southeast Toyota Finance (SET Finance) is a captive financial services company that has been providing financing to Toyota dealers and consumers since 1981 [3] - The company is part of World Omni Financial Corp and is headquartered in Deerfield Beach, Florida [5] - SET Finance serves 177 Toyota dealers across Alabama, Florida, Georgia, North Carolina, and South Carolina, offering a wide range of financing and leasing options [4] Industry Recognition - SET Finance has been ranked No. 1 in dealer satisfaction among Captive Mass Market-Prime Automotive Finance Lenders for three consecutive years by J.D. Power [1][2] - The 2025 U.S. Dealer Financing Satisfaction Study included responses from 5,035 auto dealer financial professionals and measured satisfaction across five lender segments [2] - SET Finance achieved an Overall Dealer Satisfaction score of 874, which is 120 points above the segment average [2] Strategic Initiatives - The company is focused on modernizing operations and enhancing dealer and customer experiences through its strategic initiative called SPARK [3] - SET Finance is committed to investing in its people and technology to align its programs and support with dealer goals [2] Financial Performance - JM Family Enterprises, Inc., the parent company of SET Finance, reported revenues of $22.8 billion and employs over 5,000 associates [5]