Reports Q1 revenue $30.75M, consensus $28.65M. “I am pleased to report that in the first quarter of 2024, we exceeded the high end of our guidance for both certified loans and revenue and exceeded the mid-point for Adjusted EBITDA,” said Chuck Jehl, Chief Financial Officer and Interim Chief Executive Officer. “We are encouraged that market conditions appear to be improving. We remain focused on optimizing our core credit union and captive finance company businesses, while expanding our penetration into bank and finance companies.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPRO:
- Open Lending to Announce First Quarter 2024 Results on May 7, 2024
- Open Lending price target lowered to $7 from $7.50 at Canaccord
- Open Lending ‘remains on track’ to achieve Q1 guidance for certified loans
- Open Lending CEO Keith Jezek steps down, Chuck Jehl named COO, interim CEO
- Open Lending Announces CEO Transition and Interim Leadership