Oportun Financial Corporation (NASDAQ:OPRT) Q2 2024 Earnings Call Transcript November 12, 2024 5:00 PM ET

Company Participants

Dorian Hare - Investor Relations
Raul Vazquez - Chief Executive Officer
Jonathan Coblentz - Chief Financial Officer & Chief Administrative Officer

Conference Call Participants

John Hecht - Jefferies
Gowshihan Sriharan - Singular Research
Vincent Caintic - BTIG

Operator

Greetings and welcome to Oportun Financial’s Third Quarter 2024 Earnings Call and Webcast. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to turn the call over to Dorian Hare, Investor Relations. Please go ahead, Dorian.

Dorian Hare

Thanks, and hello everyone. With me to discuss Oportun’s third quarter 2024 results are Raul Vazquez, Chief Executive Officer, and Jonathan Coblentz, Chief Financial Officer & Chief Administrative Officer.

I’ll remind everyone on the call or webcast that some of the remarks made today will include forward-looking statements related to our business, future results of operations and financial position, planned products and services, business strategy, expense savings measures, statements regarding our senior secured term loan and plans and objectives of management for our future operations. Actual results may differ materially from those contemplated or implied by these forward-looking statements, and we caution you not to place undue reliance on these forward-looking statements. A more detailed discussion of the risk factors that could cause these results to differ materially are set forth in our earnings press release and in our filings with the Securities and Exchange Commission under the caption Risk Factors, including our upcoming Form 10-Q filing for the quarter ending September 30, 2024. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events other than as required by law.

Also on today's call we record both GAAP and non-GAAP financial measures which we believe can be useful measures for the period-to-period comparisons of our core business and which provide useful information to investors regarding our financial condition and results of operations. A full list of definitions can be found in our earnings materials available at the Investor Relations section on our website. Non-GAAP financial measures are presented in addition to and not as a substitute for financial measures calculated in accordance with GAAP. A reconciliation of non-GAAP to GAAP financial measures is included in our earnings press release, our third quarter 2024 financial supplement and the appendix section on the third quarter 2024 presentation, all of which are available at the Investor Relations section of our website at investor.oportun.com.