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CHICAGO -On Wednesday, OppFi Inc. (NYSE:OPFI), the specialty finance company, reported fourth-quarter earnings and revenue that beat analyst expectations, while also providing an optimistic outlook for 2025.
The company saw its shares soar 12.09% in premarket trading after the release.
The tech-enabled lender posted adjusted earnings per share of $0.23 for Q4, surpassing the analyst consensus of $0.15. Revenue came in at $135.72 million, topping estimates of $134.98 million and rising 2.1% YoY.
"Our motto of operational excellence coupled with continuous improvement is taking effect throughout the business," said Todd Schwartz, CEO and Executive Chairman of OppFi. "We plan to continue to build and grow on our strong 2024 to drive value to our customers and stockholders."
For the full year 2024, OppFi reported record adjusted net income of $82.7 million, up 99.2% from 2023. The company’s net charge-offs as a percentage of total revenue improved significantly, falling 440 basis points YoY to 39.1%.
Looking ahead, OppFi provided upbeat guidance for fiscal 2025, projecting adjusted EPS of $1.06 to $1.07, well above the $0.92 consensus. The company expects revenue to reach $563 million to $594 million, also surpassing analyst estimates of $557.9 million.
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