Sunlight Financial Surpasses $6 Billion in Funded Loans

Rhea-AI Summary

Sunlight Financial Holdings Inc. (NYSE: SUNL) announced significant growth in its 2021 performance, with cumulative funded loans surpassing $6 billion and $638 million funded in Q4 alone. Full-year loan funding reached over $2.5 billion, marking a 72% increase from 2020. CEO Matt Potere emphasized the company's capital-light model and plans for expansion in 2022. The firm will release its full-year financials and 2022 guidance on March 22, 2022.

Positive

• Cumulative funded loans exceeded $6 billion.
• Q4 2021 funded loans amounted to $638 million.
• 2021 loan funding grew by 72% compared to 2020.
• Generated significant free cash flow throughout the year.

Negative

• None.

–Fourth Quarter and Full Year 2021 Results to be Released on March 22, 2022–

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 announced that by the end of 2021, cumulative funded loans exceeded $6 billion, with over $638 million of loans funded in the fourth quarter of 2021.

“2021 was a pivotal year for Sunlight. The company funded over $2.5 billion of solar and home improvement loans, a 72% increase over full-year 2020, while improving platform fee margin and generating significant free cash flow throughout the course of the year,” said Sunlight Financial Chief Executive Officer Matt Potere. “We look forward to building on this performance in 2022 as we continue to leverage our capital-light business model and strong balance sheet to strengthen our distribution network, expand our capital provider relationships and increase our product offerings.”

Full Year 2021 Results

Sunlight will release its fourth quarter and full-year 2021 financial results, as well as 2022 guidance, after the market closes on Tuesday, March 22, 2022. Sunlight will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight’s investor relations website at ir.sunlightfinancial.com.

The dial-in number for the conference call is (855) 327-6837 (toll-free) or (631) 891-4304 (international). Please dial the number 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at ir.sunlightfinancial.com for 90 days following the call. A replay will also be available until March 29, 2022 by dialing (844) 512-2921 or (412) 317-6671, using passcode 10018340.

About Sunlight Financial

Sunlight (NYSE: SUNL) is a premier, technology-enabled point-of-sale finance company. Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Sunlight’s best-in-class technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. For more information, visit www.sunlightfinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220228006116/en/

Investor Relations

Lucia Dempsey, Sunlight Financial

investors@sunlightfinancial.com

888.315.0822

Public Relations

media@sunlightfinancial.com

Source: Sunlight Financial Holdings Inc.

FAQ

What are Sunlight Financial's Q4 2021 loan funding results?

Sunlight Financial funded $638 million in loans during Q4 2021.

What was the total loan funding for Sunlight Financial in 2021?

Sunlight Financial reached over $2.5 billion in loan funding for 2021.

When will Sunlight Financial release its Q4 and full-year 2021 financial results?

Sunlight Financial will release its financial results on March 22, 2022.

What growth did Sunlight Financial experience in 2021?

The company experienced a 72% increase in loan funding compared to 2020.

Who is the CEO of Sunlight Financial?

The CEO of Sunlight Financial is Matt Potere.