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Oportun Financial Corp (OPRT) provides responsible credit solutions and banking services to underserved communities through innovative fintech solutions. This news hub offers investors and stakeholders timely updates on company developments, financial performance, and strategic initiatives.
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Oportun (Nasdaq: OPRT), a mission-driven fintech company, announced on June 20, 2024, that it granted a total of 142,478 restricted stock units (RSUs) to 39 new employees who joined the company in 2024. The grants were made under the Oportun 2021 Inducement Equity Incentive Plan. These RSUs have two vesting schedules: a four-year term with 25% vesting after one year and the balance in 12 equal quarterly installments, or a three-year term with approximately 33% vesting after one year and the balance in 8 equal quarterly installments. Both vesting schedules are contingent upon continued employment or service through each vesting date.
Oportun (Nasdaq: OPRT), a mission-driven fintech company, announced its participation in the upcoming Sidoti June Virtual Investor Conference.
Oportun’s CEO Raul Vazquez and CFO Jonathan Coblentz will present and engage in investor meetings at the conference.
The presentation is scheduled for 4:00 pm ET on June 12, 2024, and can be accessed live via the company's Investor Relations website.
A replay of the presentation will be available for 90 days following the event.
Oportun Financial (Nasdaq: OPRT) reported strong first-quarter 2024 financial results, with a 15% sequential and 25% year-over-year decline in operating expenses, a $76 million reduction in GAAP net loss, and a return to adjusted profitability. The company executed a $150 million whole loan sale agreement in May and raised its full-year 2024 Total Revenue and Adjusted EBITDA guidance. The company expects further operational improvement throughout the year, with a 31% uplift in Adjusted EBITDA at the midpoint and a 350% year-over-year growth. Oportun reaffirmed its expectation to be Adjusted Net Income profitable in 2024.
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