Stonegate Capital Partners Updates 3Q24 Report on OppFi, Inc. (OPFI)

Dallas, Texas--(Newsfile Corp. - November 8, 2024) - OppFi, Inc. (NYSE: OPFI): Stonegate Capital Partners updates coverage on OppFi (NYSE: OPFI). OppFi reported revenue, adj. Net Income, and adj. EPS of $136.6M, $31.5M, and $0.36, respectively. This compares to our/consensus estimates of $130.1M/$130.8M, $17.9M/$17.2M, and $0.21/$0.20. Net revenue margin was 66.7% for the quarter, which was a year over year margin expansion of 992 bps from 3Q23. The impressive performance this quarter is attributed to a notable increase in both total revenue and net income, setting new records for the Company. We expect this positive trajectory to persist throughout the remainder of 2024, as OppFi continues to prioritize strategic initiatives aimed at enhancing profitability and driving sustainable growth.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Net income increased 106.4% year over year to $32.1 million, a Company record for any quarter.
• Adjusted net income increased 116.2% year over year to $28.8 million.
• Total revenue increased 2.6% year over year to $136.6 million.

Click image above to view full announcement.

About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229280

You May Also Be Interested In

• U.S. officials have told CBS News that there are no "new" or novel negotiations planned
• Barclays: 'we'll be curious to hear what Energizer has seen and how 2H expectations have evolved'
• Brazil oil output hits record as Middle East conflict disrupts supply