Stonegate Capital Partners Updates 3Q24 Report on OppFi, Inc. OPFI
DALLAS, TX -- November 8th, 2024 -- OppFi, Inc. OPFI : Stonegate Capital Partners Updates Coverage on OppFi OPFI. OppFi reported revenue, adj. Net Income, and adj. EPS of $136.6M, $31.5M, and $0.36, respectively. This compares to our/consensus estimates of $130.1M/$130.8M, $17.9M/$17.2M, and $0.21/$0.20.Net revenue margin was 66.7% for the quarter, which was a year over year margin expansion of 992 bps from 3Q23. The impressive performance this quarter is attributed to a notable increase in both total revenue and net income, setting new records for the Company. We expect this positive trajectory to persist throughout the remainder of 2024, as OppFi continues to prioritize strategic initiatives aimed at enhancing profitability and driving sustainable growth.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Net income increased 106.4% year over year to $32.1 million, a Company record for any quarter.
- Adjusted net income increased 116.2% year over year to $28.8 million.
- Total revenue increased 2.6% year over year to $136.6 million.
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Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
Distributed by: Reportable, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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