Open Lending Corporation (LPRO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please stand by, your program is about to begin. If you need assistance during your conference today, please press star zero. Good afternoon and welcome to the Open Lending First Quarter 2025 Earnings Conference Call. As a reminder, today's conference is being recorded. On the call today are Jessica Buss, Chairman of the Board of Directors and Chief Executive Officer, as well as Chuck Yell, Interim Chief Financial Officer and a member of the Board of Directors, and Matthew Sather, Chief Underwriting Officer, who will both be available for the Q&A section of the call. I would now like to pass the call over to Ryan Gardella, Chief Investor Relations, to read the Safe Harbor Statement. Please go ahead. Thank you. Appreciate you joining us. Prior to the start of this call, the company posted their first quarter 2025 earnings release supplemental slides to its Investor Relations website. In the release, you will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed on this call. Before we begin, I would like to remind you that this call may contain estimates and other forward-looking statements that represent the company's view as of today, May 7, 2025. Open Lending disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today's earnings release and our filings with the SEC for more information concerning factors that could cause actual results to differ from those expressed or implied in such statements. And now, I'll pass the call over to Jessica to give an update on our business and financial results for the first quarter of 2025. Thank you. Good afternoon, everyone, and thank you for joining us today. After a disappointing fourth quarter, I am pleased and eage...