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GreenSky, Inc. (NASDAQ: GSKY) reported Q1 2021 financial results, showcasing robust profitability and transaction volume growth. Notable highlights include a 28% increase in enterprise-wide transaction volume from February to March compared to 2019 levels. The company achieved a net income of $12.1 million, reversing a loss from the previous year. Adjusted EBITDA doubled to $35 million, reflecting a 28% margin. GreenSky also secured $2.3 billion in new funding initiatives and reduced COVID-19 loan deferrals to 0.21% of serviced loans. The updated 2021 guidance projects revenues of $560 to $570 million.
GreenSky, Inc. (NASDAQ: GSKY) will announce its first quarter 2021 financial results after the U.S. stock market closes on May 4, 2021. An executive conference call and webcast scheduled for May 5, 2021, at 9:00 a.m. ET will follow to discuss these results. The company boasts a loan portfolio valued at $9.5 billion and has facilitated approximately $28 billion in financing for over 3.7 million consumers. Interested parties can access the live webcast and related materials online.
GreenSky, Inc. (NASDAQ: GSKY) announced a strategic alliance with Clear Blue Smiles LLC, enhancing financing options for orthodontic care through GreenSky Patient Solutions. This partnership aims to modernize dental practices by enabling remote treatment while ensuring comprehensive diagnostics and monitoring. Clear Blue Smiles focuses on maintaining high care standards and environmental responsibility, collaborating with various orthodontic firms for a seamless patient experience. Since inception, GreenSky has facilitated over $28 billion in commerce through its platform, highlighting its significant role in the healthcare financing sector.
GreenSky, Inc. (NASDAQ: GSKY) announced its fourth quarter and fiscal year 2020 financial results, reporting a revenue of $525.6 million, down from $532.6 million in 2019. Despite challenges, fourth quarter net income rose to $23.4 million, with diluted EPS at $0.11, compared to $5.3 million and $0.03 the previous year. The company anticipates 2021 transaction volume of $6.2 to $6.5 billion, with an optimistic outlook for net income. GreenSky also achieved significant funding success, securing over $1 billion in new funding and a forward flow sale agreement worth $1 billion.
GreenSky, Inc. (NASDAQ: GSKY) will announce its fourth quarter and full year 2020 financial results on March 10, 2021, before market opening. Following the release, a conference call and webcast will be held at 9:00 a.m. ET to discuss the results. Interested parties can join via a live webcast at http://investors.greensky.com. GreenSky operates a proprietary platform that provides loan solutions for consumers through its network of merchants, managing a $9.5 billion loan portfolio and facilitating over $26 billion in financing since inception.
GreenSky, Inc. (NASDAQ: GSKY) has appointed Jennifer Russell as Executive Vice President and Chief Credit Officer, effective March 1, 2021. She takes over from Kevin Goldstein, who will depart the company while continuing to provide consulting services. Russell, who joined GreenSky in 2019, has over 25 years of experience in credit and risk management, having held senior roles at eBay, Barclays, and American Express. The leadership transition aims to help GreenSky navigate post-pandemic challenges and restore growth while maintaining strong credit performance.
GreenSky, a financial technology leader (NASDAQ: GSKY), is set to host its Virtual Investor Day on January 12, 2021, from 1:00 p.m. to 3:00 p.m. ET. Interested parties can listen live and access presentation materials via investors.greensky.com. Call-in details include a toll-free number at (833) 339-0869 and an international number at (236) 712-2508 using Conference ID 7426459. GreenSky specializes in providing merchants with promotional payment options, servicing a $9.5 billion loan portfolio and facilitating over $26 billion in financing.
GreenSky, Inc. (NASDAQ: GSKY) will announce its Q3 2020 financial results on November 9, 2020, after market close. The conference call will take place at 9:00 a.m. ET on November 10, 2020, featuring key executives including Chairman and CEO David Zalik. GreenSky has facilitated $25 billion in financing for 3.4 million consumers, managing a loan portfolio exceeding $9 billion. Investors can access the live webcast and presentation materials on the company's investor website.
GreenSky, Inc. (NASDAQ: GSKY) has announced a new long-term bank funding partnership worth up to $1.8 billion for its elective healthcare business, securing $600 million annually. Additionally, the company completed approximately $875 million in new asset sales, showcasing its successful funding strategy. CEO David Zalik expressed optimism about the potential of this alliance to enhance the company's healthcare consumer loan platform. The transactions are expected to lower costs and earnings volatility while enabling continued servicing fees on sold assets.
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