secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012663
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending Q1 revenue up 14% to $50.1M; net income $23.2M; signs Arch as insurance partner
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- Revenue of $50.1M (up 14% YoY); net income of $23.2M vs $12.9M in Q1 2021.
- Adjusted EBITDA of $33.8M (up 11% YoY from $30.3M); certified loans of 43,944 (up 32% YoY).
- Added 18 new customers in Q1; top 10 customers (ex-OEM) boosted certification volume by 166% YoY.
- Signed Program Management Agreement with Arch Specialty Insurance Co. as fourth carrier partner; 5-year term, auto-renew.
- Management cites semiconductor shortages and inflated used car values as near-term headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022012663/0001628280-22-012663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022012663/lpro-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012663

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