Open Lending Reports First Quarter 2021 Financial Results
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Open Lending Corp. (LPRO) Misses Q1 EPS by 4c, Revenues Beat; Offers FY21 Revenues Outlook
May 11, 2021 4:29 PM EDTOpen Lending Corp. (NASDAQ: LPRO) reported Q1 EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $44 million versus the consensus estimate of $40.91 million.
Three Months Ended March 31, 2021 Highlights
The Company facilitated 33,318 certified loans during the first quarter of 2021, compared to 28,024 certified loans in the first quarter of 2020Total revenue was $44.0 million during the first quarter of 2021, compared to $17.4 million in the first quarter of 2020Gross profit... More