Sunlight Financial Reports Third Quarter 2021 Results
Sunlight Financial Holdings, Inc. Class A (SUNL)
Company Research
Source: Business Wire
- Year-over-Year Funded Loan Volume up 77% to $639 Million -- Year-over-Year Total Revenue up 72% to $30 Million -- GAAP Net Loss of $(22.2) Million -- Adjusted EBITDA nearly doubles to $11.4 Million - NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial Holdings Inc. (“Sunlight Financial”, "Sunlight" or the “Company”) (NYSE: SUNL), a premier, technology-enabled point-of-sale financing company, today provided financial results for the third quarter ended September 30, 2021.“Sunlight continued to see outstanding year-over-year growth in the third quarter of 2021 with Funded Loan Volume up 77% to $639 million," said Matt Potere, Chief Executive Officer of Sunlight. "Although industry-wide issues with supply chains, labor shortages and permitting delays lengthened project installation timelines and impacted funded loans, an increase in our Total Platform Fee Margin to 4.3% partially offset this impact, leading to record-high Total Revenue of $30 million in the third quarter
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