secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001628280-22-021079
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending Q2 revenue $52M (-15% YoY); net income $23.1M; lowers FY 2022 guidance
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- Revenue $52.0M vs $61.1M in Q2 2021; net income $23.1M vs $76.0M.
- Adjusted EBITDA $34.0M vs $46.1M YoY; gross profit $47.0M (90.4% margin).
- Certified loans 44,531, down 4% from 46,408 in Q2 2021.
- Added 18 new customers; top 10 non-OEM customers increased certification volume 33% YoY.
- Updated FY 2022 guidance to reflect auto lending headwinds; expects auto originations in line with 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022021079/0001628280-22-021079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022021079/lpro-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-021079

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