NYSE$OPFI

Oppfi Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

OppFi's Q4 2022 financial results were reported, revealing a mix of challenges and achievements.

OppFi's Q4 2022 results showed a revenue increase of 25.1% compared to Q4 2021, but the company experienced a net loss and a decrease in adjusted net income. The company had its eighth consecutive year of profitability.

  • Total revenue increased by 25.1% compared to the same period last year.
  • Net income declined significantly, resulting in a net loss for the quarter.
  • Adjusted net income also decreased compared to the previous year.
  • Key performance metrics such as net charge-offs and auto-approval rates were reported.

Headline financials

Total Revenue

$120M

Previous: $96M+25.1%
EPS (adj)

-$0.19

Previous: $0.13-246.2%
Auto-approval rate

68.0%

Previous: 60.0%+13.3%
Net charge-offs vs revenue

71.0%

Previous: 53.0%+34.0%
Net Income

-$5.2M

Previous: $11.4M-145.5%
Operating Income

-$9.61M

Previous: $3.37M-384.9%
Cash & Equivalents

$49.7M

Previous: $25.1M+98.2%
Total Assets

$580M

Previous: $502M+15.5%
Stock-Based Comp

$963K

Previous: $1.84M-47.7%

Revenue & EPS history

OppFi · Revenue · Quarterly

$120M

Q4 2022+25.1%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

OppFi provided full-year 2023 guidance, including total revenue of $500 million to $520 million, and adjusted net income of $22 million to $28 million. They expect to be approximately break-even on an adjusted basis for the first quarter of 2023.

Tailwinds

  • Total revenue of $500 million to $520 million, resulting in approximately 10% to 15% growth year over year
  • Adjusted net income of $22 million to $28 million
  • Adjusted earnings per share of $0.26 to $0.33 based on an approximate average weighted diluted share count of 84.3 million

Headwinds

  • Approximately break-even on an adjusted basis for Q1 2023

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

Historical avgQ4 2022

+3.0%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+7.0%

Avg return

30 days after

63%

12 / 19 earnings

Positive

+20.6%

Q3 2024

Best reaction

-19.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-4.7%-14.8%
Q4 2025-5.9%-9.9%-10.9%
Q3 2025+4.1%+0.6%-0.9%
Q1 2025+11.6%+25.4%+46.2%
Q4 2024+10.8%-3.2%-11.6%
Q3 2024+20.6%+32.0%+34.8%
Q2 2024+17.0%+36.0%+20.1%
Q1 2024+14.1%+13.3%+19.3%
Q4 2023-19.9%-29.6%-33.4%
Q3 2023+0.4%+5.7%+58.1%
Q2 2023+6.0%+17.4%+21.6%
Q1 2023+5.0%+2.5%+13.4%
Q4 2022+10.9%+13.2%+13.8%
Q3 2022-9.8%+5.1%+14.0%
Q2 2022+0.0%-19.9%-28.6%
Q1 2022-4.5%-19.6%-6.5%
Q4 2021-5.3%+5.3%+5.3%
Q3 2021+3.3%-10.8%-30.0%
Q2 2021-2.2%-16.7%+22.5%

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