Open Lending Q4 2023 revenue $14.9M, net loss $4.8M; certified loans down 24% YoY

Open Lending Corp

2023-FY EPS reported $0.18 revenue$117,460,000

Q4 2023 certified loans 26,263, down 24% from 34,550 YoY; total revenue $14.9M (down 44% from $26.8M).
Q4 net loss $4.8M vs loss $4.2M a year ago; adjusted EBITDA -$2.1M vs $8.5M.
Full-year 2023 certified loans 122,984, down 26% from 165,211; revenue $117.5M vs $179.6M.
Profit share revenue reduced by $14.3M in Q4 and $22.8M for full year due to historical vintage adjustments.
CEO cites continued product, technology, and go-to-market improvements; priorities for 2024 include bank segment expansion.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Open Lending Corp reported financial results for the fiscal quarter and year ended December 31, 2023.

Period: the fiscal quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Open Lending Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001806201-24-000033

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