Open Lending Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported negative sales was USD 1.13 million compared to sales of USD 6.07 million a year ago. Revenue was USD 14.94 million compared to USD 26.82 million a year ago. Net loss was USD 4.84 million compared to USD 4.19 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago.
For the full year, sales was USD 43.3 million compared to USD 90.06 million a year ago. Revenue was USD 117.46 million compared to USD 179.59 million a year ago. Net income was USD 22.07 million compared to USD 66.62 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.53 a year ago.