Open Lending: Q2 Earnings Snapshot

August 4, 2022 GMT

AUSTIN, Texas (AP) _ Open Lending Corporation (LPRO) on Thursday reported second-quarter profit of $23.1 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 18 cents.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.

The company posted revenue of $52 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $48.6 million.

Open Lending expects full-year revenue in the range of $175 million to $205 million.


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