OppFi Q3 revenue up 35% to $124.2M but net loss $(0.7)M; guidance reaffirmed

OppFi Inc.

2022-Q3 EPS reported $0.09

Revenue $124.2M (+35% YoY); net loss $(0.7)M vs net income $30.4M a year ago.
Adjusted net income $0.8M; basic EPS $(0.04) and adjusted EPS $0.01.
Net originations $182.7M (+11% YoY); ending receivables $407.7M (+39% YoY).
Net charge-offs rose to 66% of avg receivables from 36%; auto-approval rate improved to 69%.
FY 2022 guidance reaffirmed: revenue growth 20-25%, break-even to modest net loss on adjusted basis.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

OppFi Inc. reported third quarter ended September 30, 2022 results: revenue $124.2 million, net income Net loss of $(0.7) million, EPS Basic and Diluted EPS of $(0.04) and $(0.04), respectively. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $124.2 million
Net income: Net loss of $(0.7) million
EPS: Basic and Diluted EPS of $(0.04) and $(0.04), respectively
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue increased 35% year over year to $124.2 million for the third quarter of 2022 Net Originations increased 11% year over year to $182.7 million for the third quarter of 2022 Ending Receivables increased 39% year over year to $407.7 million for the third quarter of 2022 Net loss of $(0.7) million for the third quarter of 2022 Adjusted Net Income of $0.8 million for the third quarter of 2022 Basic and Diluted EPS of $(0.04) and $(0.04), respectively, for the third quarter of 2022 Adjusted EPS of $0.01 for the third quarter of 2022

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Source: SEC EDGAR

accession 0001818502-22-000017

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