Open Lending: Q4 Earnings Snapshot

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Open Lending Corporation (LPRO) on Thursday reported a fourth-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Austin, Texas-based company said it had a loss of 3 cents.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The company posted revenue of $26.8 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $33.9 million.

For the year, the company reported profit of $66.6 million, or 53 cents per share. Revenue was reported as $179.6 million.

For the current quarter ending in March, Open Lending said it expects revenue in the range of $30 million to $34 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LPRO at

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