secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001818502-22-000020
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 4.02
LLM model:  deepseek-v4-flash:cloud@v2

OppFi restates prior financials; diluted EPS reduced by $1.45 for FY2021 due to accounting error
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000020/0001818502-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000020/opfi-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001818502-22-000020

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