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Oppfi Inc   (OPFI)
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Price: $2.5200 $0.00 0.000%
Day's High: $2.58 Week Perf: -1.56 %
Day's Low: $ 2.48 30 Day Perf: -33.51 %
Volume (M): 250 52 Wk High: $ 5.34
Volume (M$): $ 630 52 Wk Avg: $2.72
Open: $2.53 52 Wk Low: $1.71



 Market Capitalization (Millions $) 43
 Shares Outstanding (Millions) 17
 Employees 501
 Revenues (TTM) (Millions $) 104
 Net Income (TTM) (Millions $) 32
 Cash Flow (TTM) (Millions $) 16
 Capital Exp. (TTM) (Millions $) 10

Oppfi Inc
OppFi Inc. is an American fintech company that specializes in providing financial technology solutions to underserved and overlooked consumers. The company was founded in 2012 by Jared Kaplan and Todd Schwartz and is headquartered in Chicago, Illinois.

OppFi Inc. operates under the premise that many people who are considered subprime borrowers actually have the ability to repay loans but lack credit histories or access to traditional lending avenues. To fill this gap, the company focuses on offering affordable loans to customers who need them most. As a result, OppFi has established itself as a reliable source of credit for those who might otherwise be turned down by banks or other traditional lenders.

The company provides a range of lending products, including installment loans, personal lines of credit, and credit cards, all of which are designed to be accessible to consumers with lower credit scores. In addition, OppFi has a proprietary technology platform that enables it to automate the loan application and underwriting process, which helps to reduce costs and increase efficiency.

OppFi Inc. has received significant investment from institutional investors, including Victory Park Capital and Centerbridge Partners, and has raised over $750 million in funding to date. The company has also garnered recognition for its innovative approach to providing financial services, including being named to the Forbes Fintech 50 list in 2021.

Overall, OppFi Inc. is a leading fintech company that is committed to providing affordable credit to underserved and overlooked consumers. With its focus on leveraging technology to improve lending processes and increase access to credit, OppFi is poised to continue growing and helping more people achieve financial stability.


   Company Address: 130 E. Randolph Street Chicago 60601 IL
   Company Phone Number: 212-8079   Stock Exchange / Ticker: NYSE OPFI
   OPFI is expected to report next financial results on March 20, 2024.


   

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Oppfi Inc

Miscellaneous Financial Services Company Reports Devastating Revenue Slide in Third Quarter of 2023


March 3, 2024
Chicago-based OppFi Inc. (NYSE: OPFI; OPFI WS) made significant strides during the third quarter of 2023, as it achieved positive profitability of $0.13 per share, compared to a loss of $0.04 per share in the same period the previous year. Despite this impressive improvement, earnings per share decreased by 7.14% from the preceding reporting period, dropping to $0.14 per share.
However, the most notable financial decline for OppFi Inc. was seen in its revenue, which fell sharply by 93.805% to $3.32 million in comparison to $53.64 million in the previous year's third quarter. Sequentially, revenue turned positive from $-0.40 million.
It is worth noting that OppFi Inc.'s performance differs from that of the overall Miscellaneous Financial Services industry, which saw an 11.96% revenue improvement during the third quarter of 2023, compared to the same period in 2022. Despite this contrast, OppFi Inc. managed to stand out and reported a net income of $15.532 million, a significant improvement when compared to a net loss of $-0.661 million in the corresponding reporting period a year ago.
Furthermore, OppFi Inc. highlighted its improving profit margins, with a net margin of 467.41% and an operating margin of 468.88% in the third quarter of 2023. This showcases the company's focus on enhancing operational efficiency and driving sustainable profitability.
OppFi Inc. shares have performed quite well in recent months, with a 6.93% increase over the past three months and a 22.28% increase throughout 2023. However, it should be noted that the shares are 9.9% below the 52-week high, indicating some caution among investors.

Oppfi Inc

Oppfi Inc Achieves Remarkable Growth with Soaring Q2 2023 Profits

Financial news report:
Oppfi Inc Reports Soaring Profits in Q2 2023
Financial technology company, Oppfi Inc, has experienced a significant increase in profit per share in its second quarter of 2023. The company reported a profit per share of $0.14, which is a 40% jump from the $0.10 per share recorded in the same quarter of the previous year. In comparison to the preceding quarter's earnings of $0.02 per share, Oppfi Inc's EPS has risen by a staggering 600%.
The company's net earnings for the period ending June 30, 2023, also witnessed substantial growth. Net earnings amounted to $18.076 million, indicating a remarkable 90.33% increase when compared to the net earnings of $9.497 million reported in the same period a year ago.

Oppfi Inc

OPFI: Strong Revenue Growth Fails to Offset Earnings Decline During Recent Fiscal Period

OPFI: A Strong Contender in the Financial Services Sector
Despite experiencing a decline in EPS, the future looks promising for OppFi Inc. The company has reported a remarkable improvement in its revenue, which increased by 12.4% in the most recent fiscal period. This, along with several other factors, makes OppFi a strong contender in the financial services sector.
In the first quarter of 2023, OppFi's net earnings stood at $3.930 million compared to a net deficit of $-0.297 million the previous year. This represents a significant improvement, and it certainly bodes well for the company's future prospects. Furthermore, OppFi Inc has emphasized its improving profit margins, with net margin rising to 6.83% in the first quarter of 2023 earnings season and operating margin edging up to 6.48%.






 

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