OppFi, Inc. (NYSE:OPFI) Q1 2022 Results Conference Call May 5, 2022 9:00 AM ET

Company Participants

Shaun Smolarz - Head, Investor Relations

Todd Schwartz - Chief Executive Officer and Executive Chairman

Pam Johnson - Chief Financial Officer

Conference Call Participants

David Scharf - JMP Securities

Mike Grondahl - Northland Securities

Chris Brendler - D.A. Davidson

Operator

Good morning, and welcome to OppFi's First Quarter 2022 Earnings Call. All participants are in a listen-only mode. As a reminder, this conference call is being recorded. After management's presentation there will be a question-and-answer session.

It is now my pleasure to introduce your host, Shaun Smolarz, Head of Investor Relations. You may begin.

Shaun Smolarz

Thank you, operator. Good morning. On today's call are Todd Schwartz, Chief Executive Officer and Executive Chairman; and Pam Johnson, Chief Financial Officer. Our first quarter 2022 earnings press release and supplemental presentation can be found at investors.oppfi.com.

During this call, OppFi will discuss certain forward-looking information. These forward-looking statements are based on assumptions and assessments made by OppFi's management in light of their experience and assessment of historical trends, current conditions, expected future developments and other factors they believe to be appropriate.

Any forward-looking statements made during this call are made as of today, and OppFi undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the Company's filings with the Securities and Exchange Commission, including the sections entitled Risk Factors.

In today's remarks by management, the Company will discuss non-GAAP financial metrics. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measures can be found in the earnings press release issued earlier this morning. This call is being webcast live and will be available for replay on our website.

I would now like to turn the call over to Todd.

Todd Schwartz

Thanks, Shaun, and good morning, everyone. The past two months since I returned to OppFi as CEO have been very exciting. We have refined our company mission and growth strategy, refocused our efforts on the installment loan business and continued to build our leadership team to take us to the next level as a publicly traded company.

Now I would like to cover three topics before I turn the call over to Pam; one, offer some reflections on the first quarter in macro trends; two, discuss more detail about our long-term growth strategy; and three, elaborate on our proactive regulatory initiatives. While Pam will discuss our financial results in more detail, I want to start by discussing a few key highlights from the first quarter.