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年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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第一季度收入为2.5亿美元，比峰值预期区间高出1200万美元。
GAAP运营费用环比下降15％，同比下降25％，目前为1.1亿美元。
本季度的净扣除率为12％，处于指导区间的低端。
与去年同期相比，调整后的息税折旧摊销前利润和调整后的净收入均出现增长，总额分别为200万美元和400万美元。
Business Progress:
业务进展：
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年第四季度达到9,750万美元或更低的运营支出。他们还计划以比峰值水平低2.4亿美元的成本结构退出2024年。
该公司的担保个人贷款（SPL）产品已扩展到德克萨斯州、佛罗里达州、亚利桑那州和新泽西州，并计划于本季度在伊利诺伊州推出。
公司对董事会和董事会观察员进行了重要任命，以支持严格的执行和发展。
此外，Oportun指出，市场上成功完成了2亿美元的绝对支持证券（ABS）交易，该交易获得了十倍的超额认购，价格也好于预期。
改善信贷结果和严格承保的举措预计将在今年继续改善。
More details: Oportun Financial IR
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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：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。