NASDAQ$LPRO
Open Lending Corporation · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results, facing industry challenges including vehicle sales decline and wholesale used car value drops.
Open Lending Corporation reported a decrease in certified loans, total revenue, gross profit, net loss, and adjusted EBITDA for Q4 2022 compared to Q4 2021. The company certified 34,550 loans and reported a total revenue of $26.8 million. Net loss was $4.2 million and Adjusted EBITDA was $8.5 million.
- Facilitated 34,550 certified loans, a decrease from 42,639 in Q4 2021.
- Total revenue was $26.8 million, down from $51.6 million in Q4 2021, impacted by a $12.8 million reduction in estimated future revenues.
- Net loss was $4.2 million, compared to net income of $27.8 million in Q4 2021.
- Adjusted EBITDA was $8.5 million, a decrease from $36.6 million in Q4 2021.
Headline financials
Revenue & EPS history
Open Lending · Revenue · Quarterly
$26.8M
Revenue by segment
Open Lending · $26.8M total across 3 segments · Q4 2022
- Program Fees$18.3M-0.9%68.3%
- Profit Share$6.07M-80.6%22.6%
- Claims Admin & Other Service Fees$2.45M+25.4%9.1%
Forward guidance
The Company is issuing its first quarter 2023 guidance ranges as follows: Total Certified Loans 28,000 - 32,000, Total Revenue $30 - $34 million, Adjusted EBITDA $13 - $17 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 2022
-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
| Quarter | Report date | Reaction (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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