Open Lending Corp. (LPRO) Misses Q1 EPS by 2c

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Go back to Open Lending Corp. (LPRO) Misses Q1 EPS by 2c

Open Lending Reports First Quarter 2023 Financial Results

May 9, 2023 4:05 PM EDT

AUSTIN, Texas, May 09, 2023 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the Company or Open Lending), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its first quarter of 2023.

First quarter results were ahead of our expectations and included the certification of 32,408 loans and total revenue of $38.4 million. We also reported net income of $12.5 million and Adjusted EBITDA of $21.2 million, said Keith Jezek, CEO of Open Lending. In this challenging economic environment, we remain laser focused on further refining and optimizing our sales... More