secwatch.observer — SEC 8-K summary
======================================

Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001818502-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi beats Q1 guidance, raises FY2024 adjusted EPS outlook to $0.58-$0.62
--------------------------------------------------------------------------

- Q1 total revenue $127.3M (+5.8% YoY); net income $10.1M (+157.8% YoY); diluted EPS $0.10.
- Adjusted EPS $0.10 (+123% YoY), exceeding guidance; full-year adjusted EPS raised to $0.58-$0.62 from $0.53-$0.57.
- Unrestricted cash $47.2M (+48.4% sequentially); total receivable funding capacity $613.7M.
- Annualized net charge-off rate 47.9% of revenue, down 110 bps YoY; revenue yield 129.5%, up 350 bps.
- Management cites strong tax refund season and favorable credit trends; special dividend and share repurchase program in place.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850224000008/0001818502-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850224000008/opfi-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001818502-24-000008

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