secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001818502-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi beats 2023 earnings guidance; Q4 revenue up 10.7% YoY to $132.9M
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- Full-year 2023 net income $39.5M, adjusted net income $43.3M; revenue $508.9M (+12.4% YoY)
- Q4 2023 net income $1.9M vs Q4 2022 loss of $5.2M; adjusted net income $8.9M vs loss
- Net charge-off rate as % of total revenue improved 8.1pp to 43.5% for full-year 2023
- Diluted adjusted EPS $0.51 for full year vs $0.06 in 2022; Q4 adjusted EPS $0.10 vs ($0.19)
- Provides outlook for continued profitable growth in 2024; strong balance sheet with optionality

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850224000004/0001818502-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850224000004/opfi-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001818502-24-000004

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