Oppfi Inc (N:OPFI)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 130 E. Randolph Street, Suite 3400 CHICAGO IL 60601 |
| Tel: | N/A |
| Website: | https://www.oppfi.com |
| IR: | See website |
| Key People | ||
| Todd G. Schwartz Chief Executive Officer, Executive Chairman | Pamela Johnson Chief Financial Officer, Chief Accounting Officer | Christopher Mckay Chief Risk and Analytics Officer |
| Business Overview |
| OppFi Inc. provides a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. The Company's platform powers banks to offer accessible lending products through its proprietary technology. Its specialty finance platform focuses on helping these consumers rebuilds their financial health. Its platform provides customer experience in the industry and powers banks to offer credit products. Its primary product is offered by its OppLoans platform. The OppFi platform is a mobile-optimized online application where eligible applicants, at their request, are able to opt into the OppFi TurnUp Program. This program helps these applicants find more affordable credit options by checking the market voluntarily. It also services customers for its SalaryTap products. SalaryTap is a payroll deduction secured installment loan product. |
| Financial Overview |
| For the three months ended 31 March 2024, Oppfi Inc revenues increased 6% to $127.3M. Net income increased from $251K to $5.5M. Revenues reflect Other revenue increase from $432K to $1.1M. Net income benefited from Change in fair value of warrant liabilit increase from $153K to $5.2M (income), Direct marketing costs decrease of 10% to $9.5M (expense), Depreciation and amortization decrease of 20% to $2.7M (expense). |
| Employees: | 445 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $613.21M as of Mar 31, 2024 |
| Annual revenue (TTM): | $519.05M as of Mar 31, 2024 |
| EBITDA (TTM): | $109.71M as of Mar 31, 2024 |
| Net annual income (TTM): | $4.28M as of Mar 31, 2024 |
| Free cash flow (TTM): | $285.71M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $253.84M as of Mar 31, 2024 |
| Shares outstanding: | 111,259,489 as of May 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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