NASDAQ$LPRO

Open Lending Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results, showing growth in certified loan facilitation, revenue, and net income compared to the previous year.

Open Lending Corporation reported strong financial results for Q4 2021, with a significant increase in certified loans, revenue, and net income compared to Q4 2020. The company also issued full year 2022 guidance.

  • Facilitated 42,639 certified loans, an increase from 26,822 in Q4 2020.
  • Total revenue reached $51.6 million, up from $39.6 million in Q4 2020.
  • GAAP net income was $27.8 million, compared to $15.2 million in Q4 2020.
  • Adjusted EBITDA was $36.6 million, compared to $24.8 million in Q4 2020.

Headline financials

Total Revenue

$51.6M

Previous: $39.6M+30.3%
EPS (adj)

$0.23

Previous: $0.12+91.7%
Certified Loans

42.6K

Previous: 26.8K+59.0%
Capital Expenditures

$202K

Previous: $99K+104.0%
Free Cash Flow

$26.5M

Previous: $8.17M+224.9%
Net Income

$27.8M

Previous: $15.2M+83.1%
Operating Income

$35.2M

Previous: $24.3M+45.1%
Gross Profit

$46.9M

Previous: $36.7M+27.9%
Cash & Equivalents

$116M

Previous: $102M+14.7%
Total Assets

$319M

Previous: $294M+8.4%
Stock-Based Comp

$1.09M

Previous: $152K+616.4%

Revenue & EPS history

Open Lending · Revenue · Quarterly

$51.6M

Q4 2021+30.3%vs Q4 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Open Lending · $51.6M total across 3 segments · Q4 2021

  • Profit Share
    $31.2M+20.4%
  • Program Fees
    $18.5M+49.0%
  • Claims Admin & Other Service Fees
    $1.95M+47.7%

Forward guidance

The Company is issuing full year guidance of the following: Total Certified Loans 195,000 - 225,000, Total Revenue $210 - 240 million, Adjusted EBITDA $135 - 160 million, Adjusted Operating Cash Flow $140 - 165 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.7%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+4.8%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+26.7%

Q1 2023

Best reaction

-57.6%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+17.3%+14.2%
Q4 2025+19.2%+19.0%+19.8%
Q3 2025-8.9%+3.1%+13.7%
Q1 2025+19.2%+29.0%+29.7%
Q4 2024-57.6%-63.0%-53.6%
Q3 2024-12.5%-6.5%-13.1%
Q2 2024-0.2%-4.4%-1.6%
Q1 2024+6.3%+12.6%+32.6%
Q4 2023-7.8%-11.3%-21.3%
Q3 2023-7.6%-10.1%+5.5%
Q2 2023-23.8%-20.9%-22.1%
Q1 2023+26.7%+27.8%+44.8%
Q4 2022-21.2%-16.0%-14.5%
Q3 2022+0.7%-5.7%+4.4%
Q2 2022-0.6%-1.2%-14.5%
Q1 2022-7.4%-17.9%-13.7%
Q4 2021+21.6%+26.0%+20.6%
Q3 2021-17.4%-11.3%-33.3%
Q2 2021+1.2%-8.9%+6.9%
Q1 2021-1.9%+0.7%+8.5%
Q4 2020+11.9%+21.7%+16.1%
Q3 2019+2.0%+1.8%+11.9%
Q3 2020+2.8%+7.9%+19.9%
Q1 2019+5.3%+8.7%+16.7%
Q4 2019+5.3%+8.7%+16.7%
Q2 2019+5.3%+8.7%+16.7%
Q1 2020+5.3%+8.7%+16.7%
Q2 2020-2.4%+0.3%+16.4%

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