Oportun Financial Swings to 1Q Loss, Tightens Underwriting Criteria

波顿金融第一季度亏损,收紧承销标准

2020/05/15 06:56  道琼斯

DJ Oportun Financial Swings to 1Q Loss, Tightens Underwriting Criteria



By Maria Armental

Financial technology company Oportun Financial Corp. swung to a loss in the March quarter, dragged down by a reduction in the so-called fair value of its loan portfolio amid the coronavirus pandemic.

The California-based company didn't give financial projections, citing uncertainty about the business impact of the coronavirus pandemic, but said it has tightened underwriting criteria to reduce its credit risk exposure and put on hold its retail-footprint expansion.

Company officials said that beginning in the last week of March, Oportun started offering emergency-hardship deferrals, which allow customers to skip payments for 30 days. Those deferrals peaked at 14.6% in the last week of April and stood at 8.6% as of May 12, the company said.

Shares rose 19% to $7.15 in after-hours trading, but the stock remains far below its $15.70 market debut last year.

Overall, Oportun reported a first-quarter net loss of $13.3 million, or 49 cents a share, compared with a profit of $14.6 million, or 51 cents a share, a year earlier. On an adjusted basis, the loss was 4 cents a share.

Net revenue fell to $80.6 million from $98.7 million a year earlier.

Analysts surveyed by FactSet had expected a profit of 9 cents a share, or 17 cents as adjusted, on $99.8 million in revenue.



Write to Maria Armental at maria.armental@wsj.com



(END) Dow Jones Newswires

May 14, 2020 18:56 ET (22:56 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

DJ Oportun Financial第一季度亏损,收紧承销标准



作者:玛丽亚·阿伦塔尔

金融科技公司Oportun Financial Corp.在3月份的季度出现亏损,原因是在冠状病毒大流行期间,其贷款组合的所谓公允价值下降。

这家总部位于加州的公司没有给出财务预测,理由是对冠状病毒大流行的业务影响存在不确定性,但表示已经收紧了承保标准,以降低信用风险敞口,并暂停零售业务扩张。

公司官员说,从3月的最后一周开始,Oportun开始提供紧急情况下的延迟付款,允许客户30天不付款。该公司表示,这些延期在4月最后一周达到14.6%的峰值,截至5月12日为8.6%。

股价在盘后交易中上涨19%,至7.15美元,但该股仍远低于去年15.70美元的上市首日水平。

总体而言,Oportun公布第一季度净亏损1,330万美元,合每股亏损49美分,而去年同期实现利润1,460万美元,合每股亏损51美分。在调整后的基础上,每股亏损4美分。

净收入从上年同期的9,870万美元降至8,060万美元。

FactSet调查的分析师此前预计,营收为9980万美元,每股利润为9美分,调整后为17美分。



写信给Maria Armental,电子邮件:maria.armental@wsj.com



(完)道琼斯通讯社

2020年5月14日美国东部时间18:56(格林尼治标准时间22:56)

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