CSIMarket
 
Oportun Financial Corporation  (OPRT)
Other Ticker:  
 
 
Price: $2.7300 $-0.34 -11.075%
Day's High: $3.056 Week Perf: -32.09 %
Day's Low: $ 2.72 30 Day Perf: -29.27 %
Volume (M): 400 52 Wk High: $ 7.73
Volume (M$): $ 1,091 52 Wk Avg: $4.89
Open: $2.95 52 Wk Low: $2.13



 Market Capitalization (Millions $) 101
 Shares Outstanding (Millions) 37
 Employees 2,700
 Revenues (TTM) (Millions $) 1,057
 Net Income (TTM) (Millions $) -180
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 31

Oportun Financial Corporation
Oportun Financial Corporation is a US-based financial technology company that provides affordable loans to individuals with limited or no credit history. The company was founded in 2005 in Palo Alto, California with a mission to provide access to affordable credit to those who are traditionally underserved by mainstream financial institutions.

Oportun operates in 12 states across the US, primarily serving Hispanic and Latino communities. The company has helped over5 million customers and provided over $10 billion in affordable loans since its inception.

One of the unique attributes of Oportun is its credit evaluation process. The company uses a proprietary software called the OportunScore to evaluate customers' creditworthiness. This score is designed to look beyond traditional credit scores and instead evaluates a customer's income, expenses, and other factors to determine their ability to repay a loan.

Oportun offers unsecured personal loans ranging from $300 to $10,000, with repayment terms of 6 to 46 months. The loans are designed to be affordable, with interest rates typically ranging from 19.99% to 36%, significantly lower than the rates charged by many payday lenders.

The company has also partnered with credit reporting agencies to report the repayment activity of its customers, which can help build their credit scores and provide access to more traditional credit options.

Oportun has received recognition for its efforts to expand access to credit for underserved communities. In 2019, the company received the LendIt Fintech Innovator Award for its efforts to promote financial inclusion.

Oportun is also committed to giving back to its communities. The company has partnered with nonprofits and local organizations to provide financial literacy classes, job training, and other resources to help individuals and families improve their financial health.

Overall, Oportun Financial Corporation is a mission-driven company that uses technology to provide affordable loans and expand access to credit for those who may be overlooked by traditional lenders.


   Company Address: 2 Circle Star Way San Carlos, 94070 CA
   Company Phone Number: 810-8823   Stock Exchange / Ticker: NASDAQ OPRT
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Oportun Financial Corporation

Oportun Financial Corporation Faces Deficit Despite Revenue Boost in Q4 2023



Oportun Financial Corporation recently released its financial results for the fourth quarter of 2023, showcasing a combination of positive and negative outcomes. While the company experienced a significant increase in its net shortfall per share and a decline in revenue compared to the previous quarter, operating earnings rose substantially. This article aims to interpret the key financial results, shedding light on both the challenges and successes faced by Oportun Financial Corporation during this period.
Financial Highlights:
1. Widening Shortfall per Share:
In the fourth quarter of 2023, Oportun Financial Corporation saw a significant increase in its net shortfall per share, amounting to $-0.95, compared to $-0.24 in the same quarter a year earlier. This represents a four-fold increase in losses per share over the given period. Sequentially, the company's net shortfall per share increased from $-0.55. As a result, investors may be concerned about the declining profitability of the corporation.

Oportun Financial Corporation

Oportun Financial Corporation Reports a Challenging Third Quarter with a Deficit of $-0.55 per Share



The stock market is always abuzz with anticipation whenever a company releases its earnings report. Oportun Financial Corporation (OPRT), a mission-driven fintech firm, recently revealed its earnings for the third quarter of 2023, providing valuable insights for investors and analysts. While the company showed improvement in certain areas, there were critical aspects that deserved attention. Let's delve deeper into OPRT's third-quarter performance, highlighting important findings and the overall outlook.
Notable Earnings Figures:
A year ago, OPRT had reported a loss of $3.21 per share, which has been reduced significantly to $0.55 per share for the third quarter of 2023. This showcases a positive trend of cutting losses and improving operational efficiency. Furthermore, when compared to the previous reporting season, OPRT advanced its shortfall from $0.41 per share to $0.55 per share, signifying a dip in performance.

Oportun Financial Corporation

Oportun Financial Corporation Reports Record Revenue Growth Amidst Surging Losses

Oportun Financial Corporation, a miscellaneous financial services company, has reported its fiscal results for the period ending June 30, 2023. The company recorded a higher net loss of $-0.41 per share compared to the previous year's $-0.28 per share. However, the company's earnings per share (EPS) improved from $-3.00 per share in the prior reporting period.
Despite the increase in losses, Oportun Financial Corporation experienced a significant boost in revenue. The company's revenue rose by 18.052% to $266.56 million from $225.80 million in the same period last year. Sequentially, the revenue grew by 2.717% from $259.51 million. This growth is notable, especially considering that many of its industry peers have experienced revenue reductions during this time.

Oportun Financial Corporation

Oportun Financial Corporation Sees Impressive Revenue Boost, but Profitability Remains Elusive in Q1 2023 Earnings Season

Investors should not be deterred by the recent financial report released by Oportun Financial Corporation, as the company's surge in revenue should be seen as a bullish sign of its potential for growth in the future.
The fact that the company's revenue increased by 20.861% to $259.51 million from the corresponding reporting period a year before is a clear indication of the company's strong performance in the market. Despite the posted deficit per stock at $-3.00, Oportun Financial Corporation has shown resilience in the face of challenging economic conditions.






 

Oportun Financial's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com