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CPS ANNOUNCES THIRD QUARTER RESULTS

 IRVINE, Calif., Feb. 17 /PRNewswire/ -- Consumer Portfolio Services Inc. (NASDAQ: CPSS) announced today a net loss of $303,695 and $814,729 ($0.09 and $0.27 per share), respectively, for the three- and nine-month periods ended Dec. 31, 1992.
 Revenues increased $293,977, or 89 percent, and $1,017,819, or 175 percent, respectively, for the three- and nine-month periods ended Dec. 31, 1992, over the comparable year-earlier periods. Expenses increased $88,899, or 11 percent, and decreased $161,999, or 6 percent, respectively, in the three- and nine-month periods ended Dec. 31, 1992, over the comparable year-earlier periods.
 The company reported that the improvement in revenues was because of the growth of its installment sales contract acquisition program. The results for the three- and nine-month periods ended Dec. 31, 1992, included a one-time charge of $100,000, which was the result of the early termination of the consulting agreement between the company and the former principal of its subsidiary.
 The company purchases, sells and services retail automobile installment sales contracts originated by a network of automobile dealers who sell both new and used cars. The company is based in California and completed its initial public offering in October 1992. The common stock is traded on the NASDAQ Small Cap system under the symbol CPSS.
 CONSUMER PORTFOLIO SERVICES INC.
 Financial Summary
 Periods ended Dec. 31,
 Three months Nine months
 1992 1991 1992 1991
 Revenue $625,501 $331,524 $1,684,873 $613,054
 Operating expenses 929,196 840,297 2,499,602 2,661,601
 Net income (loss) (303,695) (508,773) (814,729) (2,048,547)
 Net income (loss)
 per share ($0.09) ($0.18) ($0.27) ($0.71)
 -0- 2/17/93
 /CONTACT: Jeffrey P. Fritz of Consumer Portfolio Services, 714-753-6800/
 (CPSS)


CO: Consumer Portfolio Services Inc. ST: California IN: AUT SU: ERN

JL-LS -- LA006 -- 7157 02/17/93 09:00 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:315
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