Oportun Financial Corporation reported its third-quarter 2024 financial results on November 12, 2024, meeting or outperforming each guidance metric. Total operating expenses for the quarter decreased by 17% year-over-year.
The company confirmed the completion of its credit card portfolio sale, a strategic move to simplify the business and focus on core products. The corporate debt refinancing was also expected to close on November 14, 2024, further optimizing the capital structure.
These results highlight Oportun's progress in credit performance and expense discipline, laying a foundation for future profitability. The strategic actions taken are aimed at enhancing shareholder value and streamlining operations.
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