Open Lending Sees Q3 Revenue $28M-$31M vs $32.24M Est.; Sees Q3 Adjusted EBITDA $11M-$14M
Portfolio Pulse from Benzinga Newsdesk
Open Lending has provided its Q3 revenue guidance, expecting between $28M and $31M, which is below the estimated $32.24M. The company also forecasts Q3 adjusted EBITDA to be in the range of $11M to $14M.

August 08, 2024 | 8:28 pm
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Open Lending's Q3 revenue guidance of $28M-$31M falls short of the $32.24M estimate, and its adjusted EBITDA is expected to be $11M-$14M.
The lower-than-expected revenue guidance is likely to negatively impact investor sentiment and the stock price in the short term. The adjusted EBITDA range also indicates potential challenges in profitability.
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