OPFI - OppFi appoints Todd Schwartz as CEO; updates full year guidance

OppFi (NYSE:OPFI) has appointed Todd Schwartz as CEO to succeed Neville Crawley who has stepped down from his positions as Chief Executive Officer and a Director. Schwartz founded OppFi in 2012 and has served as Executive Chairman since 2015; he will continue to serve as Chairman of the Board. Additionally, the company reaffirms 2021 Revenue and Adjusted Net Income Outlook and provides additional 2021 Financial Outlook:  Adjusted Net Income between $64 million and $66 million, compared to prior outlook of between $62 and $66 million. Ending receivables of between $335 and $338 million, compared to prior outlook of approximately $315 to $325 million. Revenue between $350 and $352 million, compared to prior outlook of between $350 and $360 million vs. consensus of $470.51M. Adjusted EBITDA between $115 million and $117 million, compared to prior outlook of between $120 and $125 million. The Company plans to report financial results for the fourth quarter and full

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OppFi appoints Todd Schwartz as CEO; updates full year guidance