Open Lending(US:LPRO)2021-03-10 13:09Financial Performance - Total Certs reached 26,822 in Q4 2020 and 94,226 for the full year 2020[1] - Revenue was $39.6 million in Q4 2020 and $108.9 million for the full year 2020[1] - Adjusted EBITDA was $24.8 million in Q4 2020 and $69.5 million for the full year 2020[1] - Adjusted Operating Cash Flow was $8.3 million in Q4 2020 and $41.9 million for the full year 2020[1] Key Performance Indicators - CU & Bank Certs were 18,844 in Q4 2020 and 73,012 for the full year 2020[7] - OEM Certs were 7,978 in Q4 2020 and 21,214 for the full year 2020[7] - Facilitated Loan Origination Volume was $625.889 million in Q4 2020 and $2.126 billion for the full year 2020[7] - Average Profit Share Revenue per Cert was $686 in Q4 2020 and $658 for the full year 2020[7] - New Vehicle Certs accounted for 17.2% of total and Used Vehicle Certs accounted for 82.8% of total in Q4 2020[7] Strategic Initiatives - The company is focused on expanding its core business, pursuing OEM opportunities, leveraging CECL relief, launching into new channels, and broadening its offerings[6]