secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001628280-22-028207
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending Q3 revenue $50.7M (-14% YoY); certified loans 42,186 (-14.5% YoY)
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- Revenue $50.7M, down 14% YoY from $58.9M; net income $24.5M vs $29.4M
- Certified loans 42,186 in Q3 vs 49,332 YoY, reflecting challenging auto lending environment
- Adjusted EBITDA $29.4M, down from $42.1M YoY; gross profit $45.5M vs $52.5M
- CEO Keith Jezek cites continued investment in go-to-market and tech, targeting growth above industry

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022028207/0001628280-22-028207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000162828022028207/lpro-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028207

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