secwatch.observer — SEC 8-K summary
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Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001538716-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oportun Q4 GAAP net loss $42M, FY23 revenue $1.1B (+11%); guides improved FY24 profitability
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- GAAP net loss $42M in Q4 ($1.09 diluted EPS) vs $8.4M loss a year ago; FY23 net loss $180M ($4.88 diluted EPS).
- Total revenue $263M in Q4, FY23 revenue $1.1B, up 11% YoY.
- Adjusted net loss $21M in Q4 ($0.54 diluted EPS); FY23 adjusted net loss $124M ($3.37 diluted EPS).
- Adjusted EBITDA $6.1M in Q4 vs negative $34M in Q4 2022; FY23 adjusted EBITDA $1.7M vs negative $10M in FY22.
- Announced additional $30M in run-rate opex savings by Q4 2024; completed $200M ABS in February at 160 bps lower pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871624000025/0001538716-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871624000025/oprt-20240312.htm
  HTML page:      https://secwatch.observer/filing/0001538716-24-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer