GreenSky, Inc. (GSKY) Misses Q1 EPS by 10c

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GreenSky, Inc. Reports First Quarter 2020 Financial Results

May 11, 2020 4:25 PM EDT

Transaction Volume Growth up 10% to First Quarter Record $1.4 Billion

$10.9 Million Net Loss (After $18.4 Million Non-Cash CECL Charge)

Adjusted EBITDA of $19.4 Million

ATLANTA--(BUSINESS WIRE)-- GreenSky, Inc. (GreenSky or the Company) (NASDAQ: GSKY), a leading financial technology company Powering Commerce at the Point of Sale®, reported financial results today for the three months ended March 31, 2020.

"Notwithstanding the impact of COVID-19 commencing in mid-March, GreenSky produced strong first quarter operating results, exceeding our seasonal expectations. Of note, the $19.4 million of Adjusted EBITDA... More