Earnings Call Summary | Oportun Financial(OPRT.US) Q1 2024 Earnings Conference
Earnings Call Summary | Oportun Financial(OPRT.US) Q1 2024 Earnings Conference
The following is a summary of the Oportun Financial Corporation (OPRT) Q1 2024 Earnings Call Transcript:
以下是Oportun金融公司（OPRT）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Oportun Financial Corporation has generated a Q1 revenue of $250 million, exceeding their peak guidance range by $12 million.
The GAAP operating expenses decreased by 15% sequentially and 25% year-over-year, now standing at $110 million.
The net charge off rate for this quarter was at 12%, at the lower end of their guidance range.
Both adjusted EBITDA and adjusted net income showed growth compared to the same period last year, with totals of $2 million and $4 million respectively.
Oportun Financial Corporation第一季度收入爲2.5億美元，比峯值預期區間高出1200萬美元。
GAAP運營費用環比下降15％，同比下降25％，目前爲1.1億美元。
本季度的淨扣除率爲12％，處於指導區間的低端。
與去年同期相比，調整後的息稅折舊攤銷前利潤和調整後的淨收入均出現增長，總額分別爲200萬美元和400萬美元。
Business Progress:
業務進展：
Oportun Financial Corporation is on track to reach operating expenses of $97.5 million or lower by Q4, 2024. They also plan to exit 2024 with a cost structure that is $240 million below peak levels.
The company's secured personal loan (SPL) product has expanded into Texas, Florida, Arizona, and New Jersey, with a plan to launch in Illinois this quarter.
The company made key appointments to the Board of Directors and Board observers to support disciplined execution and growth.
Furthermore, Oportun noted a successful $200 million Absolute-Backed Security (ABS) deal in the market, coming in as ten times oversubscribed and priced better than expected.
Initiatives to improve credit outcomes and rigorous underwriting, are expected to continue to improve over the year.
Oportun Financial Corporation有望在2024年第四季度達到9,750萬美元或更低的運營支出。他們還計劃以比峯值水平低2.4億美元的成本結構退出2024年。
該公司的擔保個人貸款（SPL）產品已擴展到德克薩斯州、佛羅里達州、亞利桑那州和新澤西州，並計劃於本季度在伊利諾伊州推出。
公司對董事會和董事會觀察員進行了重要任命，以支持嚴格的執行和發展。
此外，Oportun指出，市場上成功完成了2億美元的絕對支持證券（ABS）交易，該交易獲得了十倍的超額認購，價格也好於預期。
改善信貸結果和嚴格承保的舉措預計將在今年繼續改善。
More details: Oportun Financial IR
更多詳情： Oportun 金融投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。