OppFi Inc. (OPFI): auditor change — OppFi restates prior financials; diluted EPS reduced by $1.45 for FY2021 due to accounting error

OppFi Inc.

Non-reliance on FY2021, Q1 2022, and three/nine months ended Sept 30, 2021 financials due to misapplication of diluted EPS accounting.
Diluted EPS for FY2021 restated to $0.48, a reduction of $1.45 from previously reported.
Q1 2022 diluted EPS restated to $0.00 (reduction of $0.08); Q3 2021 restated to $0.29 (reduction of $0.77 for three months).
Company will amend 2021 10-K and Q1 2022 10-Q; no impact on operating performance or KPIs other than diluted EPS.
Audit Committee concluded after discussion with management; discussed with independent auditor RSM US LLP.

item 2.02 item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

OppFi Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the Prior Financial Statements should no longer be relied upon due to a misapplication of accounting guidance

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Source: SEC EDGAR

accession 0001818502-22-000020

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