| Business Summary | | Nicholas
Financial
Inc.
is
a
holding
company
that
conducts
its
business
activities
through
its
wholly
owned
subsidiaries,
Nicholas
Financial,
Inc.
(Nicholas
Financial)
and
Nicholas
Data
Services,
Inc.,
(NDS).
Nicholas
Financial
is
a
specialized
consumer
finance
company
engaged
primarily
in
acquiring
and
servicing
installment
sales
contracts
(Contracts)
for
purchases
of
new
and
used
automobiles
and
light
trucks.
To
a
lesser
extent,
the
Company
also
makes
direct
consumer
loans
and
sells
consumer-finance
related
products
(Insurance
Products).
NDS
is
engaged
in
designing,
developing,
marketing
and
supporting
industry
specific
computer
application
software
for
small
businesses
located
primarily
in
the
Southeast
United
States.
Nicholas
Financial's
financing
activities
accounted
for
approximately
98%
of
consolidated
revenues
for
the
fiscal
year
ended
March
31,
2001
and
NDS'
activities
accounted
for
approximately
2%
of
such
revenues
during
the
same
period. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nicholas
Financial
Inc.
is
a
specialized
consumer
finance
company
engaged
primarily
in
acquiring
and
servicing
installment
sales
contracts
for
purchases
of
new
and
used
automobiles
and
light
trucks.
For
the
three
months
ended
6/30/01,
revenues
increased
15%
to
$4.6
million.
Net
income
rose
25%
to
$881
thousand.
Results
reflect
an
increase
in
the
size
of
the
outstanding
loan
portfolio
and
an
increase
in
the
receivable
base
of
several
existing
branches. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Peter Vosotas, 59 Chairman,
CEO and Pres | $366K | Ralph Finkenbrink, 39 VP
of Fin. | 142K | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|