Oportun Reports First Quarter 2024 Financial Results
Oportun Financial Corporation - common stock (OPRT)
Last oportun financial corporation - common stock earnings: 2/27 04:05 pm
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Source: GlobeNewswire
Strong performance versus guidance Total operating expenses declined 15% sequentially and 25% year-over-year GAAP net loss sharply reduced by $76M year-over-year, returned to adjusted profitability Additional $150M whole loan sale agreement executed in May Raising full year 2024 Total Revenue and Adjusted EBITDA guidance SAN CARLOS, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun”, or the "Company") today reported financial results for the first quarter ended March 31, 2024. "Our first quarter results reflect an important first step in our 2024 business recovery, as we sharply reduced our prior-year GAAP operating loss by $76 million while returning to adjusted profitability," said Raul Vazquez, CEO of Oportun. "Our cost reduction efforts continue to be highly effective, resulting in a 15% sequential and 25% year-over-year decline in operating expenses, while our top line remained resilient as we maintained a tightened credit p
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News
- Oportun Financial Co. (NASDAQ: OPRT) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Oportun Financial Corporation (NASDAQ:OPRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Oportun Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Oportun Financial Corp. (OPRT) and Encourages Investors to Contact the FirmAccesswire
- Oportun Financial Corporation (OPRT) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
OPRT
Earnings
- 5/9/24 - Beat
OPRT
Sec Filings
- 5/14/24 - Form SC
- 5/13/24 - Form DEF
- 5/13/24 - Form DEFA14A
- OPRT's page on the SEC website