Welcome to our dedicated page for OppFi news (Ticker: OPFI), a resource for investors and traders seeking the latest updates and insights on OppFi stock.
OppFi Inc. (NYSE: OPFI) is a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, particularly consumers underserved by traditional financing options. The OppFi news feed on Stock Titan aggregates company announcements, earnings updates, capital markets activity, and other disclosures that the company releases through press wires and regulatory channels.
Readers can use this page to follow OppFi’s quarterly and year-to-date financial results, including total revenue, net income, adjusted net income, and related non-GAAP metrics that the company highlights in its earnings press releases. OppFi also reports key operating indicators such as total net originations, retained net originations, ending receivables, net charge-off ratios, average yield, and auto-approval rates, which are often discussed in its quarterly updates.
In addition to earnings news, OppFi issues press releases on topics such as new or amended revolving credit facilities designed to support growth in finance receivables, changes to its share repurchase program for Class A common stock, and supplemental information about outstanding public warrants. The company also announces participation in investor conferences and schedules for upcoming earnings conference calls, often providing webcast details and references to investor presentations.
This news page provides a centralized view of these developments so that investors and observers can track how OppFi describes its financial performance, capital structure, funding arrangements, and strategic priorities over time. For deeper detail on any headline, users can review the underlying press release or associated SEC filing linked from individual news items.
OppFi reported a 35% year-over-year revenue increase to $124.2 million for Q3 2022. Net originations rose 11% to $182.7 million, and ending receivables surged 39% to $407.7 million. Despite these gains, the company faced a net loss of $0.7 million with basic and diluted EPS at $(0.04). Adjusted net income fell 95.6% to $0.8 million, with adjusted EPS at $0.01. OppFi reaffirms a full-year revenue growth guidance of 20-25% and anticipates profitability improvements in 2023.
OppFi (NYSE: OPFI) provided a business update on its upcoming financial performance, projecting total revenue of approximately
OppFi (NYSE: OPFI) announced its participation in the 4th Annual Needham Virtual FinTech & Digital Transformation 1x1 Conference on August 17, 2022. CEO Todd Schwartz and CFO Pam Johnson will meet with institutional investors. Interested parties can contact Needham or OppFi's investor relations for scheduling details. OppFi is a financial technology platform focused on providing credit access to consumers often overlooked by traditional banks. The company boasts a 4.7/5.0 star rating on Trustpilot and an A+ rating from the Better Business Bureau.
OppFi reported a 38% year-over-year revenue increase to $107.9 million for Q2 2022, alongside a 57% rise in net originations to $226.2 million. However, net income fell by 47% to $9.5 million, and adjusted net income dropped 61.7% to $6.8 million. EPS was reported at $0.26 basic and $0.10 diluted. The company anticipates 20% to 25% revenue growth for the full year, while adjusting guidance due to inflation-related credit deterioration.
OppFi (NYSE:OPFI) announced it will release its financial results for Q2 2022 on August 9, 2022, after market close. Management will discuss results and future outlook during a conference call at 4:30 p.m. ET on the same day. OppFi is recognized for providing consumers access to credit, and it has received accolades from the Deloitte North America Technology Fast 500 for multiple consecutive years. The company holds a high customer satisfaction rating of 4.7/5.0 on Trustpilot, reflecting its dedication to service.
OppFi (NYSE: OPFI) has been added to the Russell 2000 Index, along with the Russell 3000 and Russell Microcap Indexes. This addition marks a significant milestone in the company's first year as a publicly-traded entity. CEO Todd Schwartz expressed optimism that this inclusion will elevate OppFi's visibility among investors, aligning with their mission to provide credit access to 60 million underserved Americans. Russell indexes are crucial for investment managers and institutional investors.
Ryan Williams, Founder of Cadre, transitions to Executive Chairman as Jared Kaplan, former CEO of OppFi, is appointed as the new CEO. Kaplan brings extensive fintech experience, aiming to accelerate Cadre's growth and expand its investment offerings for diverse investors. Cadre has achieved a significant milestone, closing over
OppFi Inc. (NYSE: OPFI) announced a significant expansion of its credit facility with Atalaya Capital Management, increasing it from $75 million to
OppFi (NYSE: OPFI) announced a $20 million share repurchase program, implementing a 10b5-1 trading plan effective June 10, 2022, to buy back Class A common stock during its quarterly earnings blackout. The Schwartz family purchased $1.9 million of shares at an average price of $3.13, totaling 608,217 shares, believing the stock price is undervalued. These actions reflect confidence in the company's growth prospects, as OppFi emphasizes its commitment to facilitating credit access to underserved consumers.
OppFi reported a 20% revenue increase year-over-year to $100.7 million for Q1 2022, alongside a remarkable 63% growth in net originations to $162.8 million. Ending receivables grew 38% to $338.5 million. The company experienced a net loss of $(0.3 million, with adjusted net income at $0.6 million and basic EPS at $0.08. OppFi reaffirms its full-year 2022 guidance, anticipating 20% to 25% growth in revenue and receivables, with a target adjusted EBITDA margin between 20% and 25%.
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