Open Lending Corp. (LPRO) Tops Q4 EPS by 8c
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Open Lending Reports Fourth Quarter and Fiscal Year 2021 Financial Results
February 24, 2022 4:05 PM ESTAUSTIN, Texas, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the Company or Open Lending), a leading provider of lending enablement and risk analytics solutions to financial institutions, today reported financial results for its fourth quarter and fiscal year 2021.
We saw incredible growth in 2021, with an 82% increase in certified loan growth, 98% increase in revenue and a 123% increase in adjusted EBITDA for the full year 2021 compared to 2020, said John Flynn, Chairman and CEO of Open Lending. We also added 71 new customers in 2021, up from 55 new accounts in 2020, and the average size of our lenders signed in 2021... More
