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Oportun Financial Corp (OPRT) provides responsible credit solutions and banking services to underserved communities through innovative fintech solutions. This news hub offers investors and stakeholders timely updates on company developments, financial performance, and strategic initiatives.
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Oportun (Nasdaq: OPRT), a mission-driven fintech company, announced its participation in the upcoming Sidoti June Virtual Investor Conference.
Oportun’s CEO Raul Vazquez and CFO Jonathan Coblentz will present and engage in investor meetings at the conference.
The presentation is scheduled for 4:00 pm ET on June 12, 2024, and can be accessed live via the company's Investor Relations website.
A replay of the presentation will be available for 90 days following the event.
Oportun Financial (Nasdaq: OPRT) reported strong first-quarter 2024 financial results, with a 15% sequential and 25% year-over-year decline in operating expenses, a $76 million reduction in GAAP net loss, and a return to adjusted profitability. The company executed a $150 million whole loan sale agreement in May and raised its full-year 2024 Total Revenue and Adjusted EBITDA guidance. The company expects further operational improvement throughout the year, with a 31% uplift in Adjusted EBITDA at the midpoint and a 350% year-over-year growth. Oportun reaffirmed its expectation to be Adjusted Net Income profitable in 2024.
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