secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001806201-23-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending Q1 revenue down 23% YoY to $38.4M; net income falls to $12.5M
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- 32,408 certified loans in Q1 2023, down 26% from 43,944 in Q1 2022.
- Revenue $38.4M (-23% YoY); gross profit $32.9M (-27% YoY).
- Net income $12.5M (-46% YoY); Adjusted EBITDA $21.2M (-37% YoY).
- CEO Keith Jezek says results ahead of expectations; no updated FY2023 guidance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000180620123000064/0001806201-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000180620123000064/lpro-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001806201-23-000064

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