LPRO - Open Lending stock soars on Q4 earnings beat

Open Lending (NASDAQ:LPRO) shares have surged 21.26% pre-market after the lending services provider delivered Q4 earnings and revenue beat. Q4 revenue grew +30.3% Y/Y to $51.63M, beating estimates by $8.54M, while GAAP earnings per share came at $0.23 also exceeding estimates. Adj. EBITDA was $36.6M, compared to $24.8M in Q420. The company facilitated 42,639 certified loans during the quarter, compared to 26,822 in the prior year quarter. FY21 results: Total revenue was $215.7M, up from $108.9M in 2020, while GAAP net income totaled $146.1M, compared to GAAP net loss of $97.6M in 2020. The company facilitated 171,697 certified loans during the year, compared to 94,226 in 2020.  CEO update: "We saw incredible growth in 2021, with an 82% increase in certified loan growth, 98% increase in revenue and a 123% increase in adjusted EBITDA for the full year 2021 compared to 2020. We also added 71 new customers in 2021, up from

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Open Lending stock soars on Q4 earnings beat