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Dec 31, 2022
Open Lending Q4 2022 Earnings Report
Reported financial results, facing industry challenges including vehicle sales decline and wholesale used car value drops.
Key Takeaways
Open Lending Corporation reported a decrease in certified loans, total revenue, gross profit, net loss, and adjusted EBITDA for Q4 2022 compared to Q4 2021. The company certified 34,550 loans and reported a total revenue of $26.8 million. Net loss was $4.2 million and Adjusted EBITDA was $8.5 million.
Facilitated 34,550 certified loans, a decrease from 42,639 in Q4 2021.
Total revenue was $26.8 million, down from $51.6 million in Q4 2021, impacted by a $12.8 million reduction in estimated future revenues.
Net loss was $4.2 million, compared to net income of $27.8 million in Q4 2021.
Adjusted EBITDA was $8.5 million, a decrease from $36.6 million in Q4 2021.
Revenue by Segment
Forward Guidance
The Company is issuing its first quarter 2023 guidance ranges as follows: Total Certified Loans 28,000 - 32,000, Total Revenue $30 - $34 million, Adjusted EBITDA $13 - $17 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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