Welcome to our dedicated page for OppFi news (Ticker: OPFI), a resource for investors and traders seeking the latest updates and insights on OppFi stock.
OppFi Inc. reports news as a tech-enabled digital finance platform that works with banks to provide financial products and services for everyday Americans. Company updates commonly cover quarterly and annual operating results, revenue from installment and SalaryTap contracts, receivables balances, bank-partner credit products, and the OppLoans by OppFi consumer platform.
Recurring developments also include capital allocation through Class A common stock repurchases, financing and revolving credit arrangements tied to receivables, underwriting and risk-based pricing commentary, and OppFi's equity interest in Bitty Holdings, LLC, which offers revenue-based financing and other working-capital solutions to small businesses.
Stonegate Capital Partners updates their coverage on OppFI, Inc. (NYSE: OPFI), highlighting a raised guidance, year-over-year revenue margin expansion of 213bps, and a special dividend paid in the quarter due to a strong Balance Sheet.
OppFi Inc. (NYSE: OPFI) reported financial results for Q1 2024, surpassing guidance. Total revenue increased 5.8% YoY to $127.3 million, with net income up 157.8% YoY to $10.1 million. Adjusted net income rose 127.8% to $8.8 million. EPS showed growth, with Basic EPS at $0.29 and Diluted EPS at $0.10. Unrestricted cash stood at $47.2 million. Full-year adjusted EPS guidance was raised to $0.58-$0.62.
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