Open Lending Expects Q1 Total Revenue Of $26M-$30M (Est $29.176M), Adjusted EBITDA Of $10M-$14M
Portfolio Pulse from Benzinga Newsdesk
Open Lending projects its Q1 total revenue to be between $26M and $30M, closely aligning with the estimated $29.176M. Additionally, the company anticipates an Adjusted EBITDA ranging from $10M to $14M.
February 27, 2024 | 11:17 pm
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Open Lending expects Q1 revenue of $26M-$30M, closely matching the $29.176M estimate, with an Adjusted EBITDA of $10M-$14M.
The projection of Q1 revenue and Adjusted EBITDA by Open Lending is closely aligned with market expectations, which could positively influence investor sentiment and potentially lead to a short-term uptick in LPRO's stock price. The company's guidance falls within the estimated range, indicating operational stability and potential for growth, factors that are typically viewed favorably by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100