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Open Lending Corporation (LPRO) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-05-09 16:00
LOS ANGELES, May 9, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) have opportunity to lead the securities fraud class action lawsuit.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN OPEN LENDING CORPORATION (LPRO), CLICK HERE BEFORE JUNE 30, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.What Is The Lawsuit About? The complaint filed allege ...
Levi & Korsinsky Notifies Shareholders of Open Lending Corporation(LPRO) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-09 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Open Lending Corporation, alleging securities fraud that affected investors between February 24, 2022, and March 31, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that the defendants made false statements regarding the capabilities of the Company's risk-based pricing models [2]. - It is alleged that the Company issued materially misleading statements about its profit share revenue [2]. - The complaint states that the Company failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2]. - Additionally, the lawsuit asserts that the underperformance of the Company's 2023 and 2024 vintage loans was misrepresented [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Open Lending Corporation during the specified timeframe have until June 30, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs to share in any potential recovery [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
Open Lending(LPRO) - 2025 Q1 - Quarterly Report
2025-05-08 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39326 OPEN LENDING CORPORATION (Exact Name of Registrant as Specified in its Charter) | Delaware | ...
Contact Levi & Korsinsky by June 30, 2025 Deadline to Join Class Action Against Open Lending Corporation(LPRO)
GlobeNewswire News Room· 2025-05-08 17:55
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Open Lending Corporation ("Open Lending Corporation" or the "Company") (NASDAQ: LPRO) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Open Lending Corporation investors who were adversely affected by alleged securities fraud between February 24, 2022 and March 31, 2025. Follow the link below to get more information and be contacted by a member of our team: https://z ...
Open Lending (LPRO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-07 23:30
For the quarter ended March 2025, Open Lending (LPRO) reported revenue of $24.39 million, down 20.7% over the same period last year. EPS came in at $0.01, compared to $0.04 in the year-ago quarter. The reported revenue represents a surprise of -1.49% over the Zacks Consensus Estimate of $24.76 million. With the consensus EPS estimate being $0.01, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...
Open Lending (LPRO) Matches Q1 Earnings Estimates
ZACKS· 2025-05-07 22:45
Open Lending (LPRO) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.49, delivering a surprise of -2,550%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Open Lending, which belongs ...
Open Lending(LPRO) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:02
Open Lending (LPRO) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Ryan Gardella - SVP - IRJessica Buss - CEO & ChairJohn Hecht - Managing DirectorMatt Sather - Chief Underwriting OfficerJohn Davis - Managing Director Operator Good afternoon, and welcome to the OpenLending First Quarter twenty twenty five Earnings Conference Call. As a reminder, today's conference is being recorded. On the call today are Jessica Buss, Chairman of the Board of Directors and Chief Executive Officer as wel ...
Open Lending(LPRO) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:00
Open Lending (LPRO) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good afternoon, and welcome to the OpenLending First Quarter twenty twenty five Earnings Conference Call. As a reminder, today's conference is being recorded. On the call today are Jessica Buss, Chairman Speaker1 of the Speaker0 Board of Directors and Chief Executive Officer as well as Chuck Yell, Interim Chief Financial Officer and a member of the Board of Directors and Matthew Sather, Chief Underwriting Officer, who will both be a ...
Open Lending(LPRO) - 2025 Q1 - Earnings Call Presentation
2025-05-07 21:00
Q1 2025 Q1 2025 Financial Highlights Q1 2025 Q1 2024 Revenue $24.4 million $30.7 million Adj. EBITDA1 $5.7 million $12.5 million Total Certs 27,638 28,189 (1) See reconciliation of GAAP to non-GAAP financial measures on page 5 2 23, 159, 221 149, 201, 61 20, 83, 150 Earnings Supplement 3, 102, 170 146, 192, 219 166, 166, 166 Key Performance Indicators | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | | Certs | | | | | | Credit Union & Bank | | 24,215 | | 21,078 | ...
Open Lending(LPRO) - 2025 Q1 - Quarterly Results
2025-05-07 20:08
Exhibit 99.1 Open Lending Reports First Quarter 2025 Financial Results AUSTIN, Texas, May 7, 2025 – Open Lending Corporation (Nasdaq: LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its first quarter ended March 31, 2025. "I believe in Open Lending's business model, our value proposition to our customers, and the team's ability to execute on our plan going forward," said Jessi ...