Open Lending Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 8.02 million compared to USD 26.52 million a year ago. Revenue was USD 26.01 million compared to USD 50.66 million a year ago. Net income was USD 3 million compared to USD 24.53 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.19 a year ago.
For the nine months, sales was USD 44.43 million compared to USD 83.99 million a year ago. Revenue was USD 102.52 million compared to USD 152.77 million a year ago. Net income was USD 26.91 million compared to USD 70.81 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.56 a year ago.