Open Lending Corporation (LPRO) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Open Lending Fourth Quarter and Full Year 2024 Earnings Conference Call. As a reminder, today's conference call is being recorded. On the call today are Jessica Buss, Chairman of the Board of Directors and Chief Executive Officer, and Chuck Gale, Interim Chief Financial Officer and a member of the Board of Directors. I'd like to pass the call over to Ryan Gardella, Investor Relations, to read the Safe Harbor Statement. Please go ahead. Thank you and appreciate you all joining us. Prior to the start of this call, the company posted the fourth quarter and full year 2024 earning release in supplemental slides to its investor relations website. In the release, you will find the reconciliation 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, March 31, 2025. Open lending disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today's earnings release in our filings with the SEC for more information concerning factors that cause actual results to differ from those expressed or implied with such statements. And now, I will pass the call over to Chuck to give an update on our business and financial results for the fourth quarter and full year of 2024. Thank you, and good morning, everyone, and thank you for joining us today. While the automotive lending industry and broader automotive market continue to navigate through challenging market conditions, we continue to focus on taking prudent steps aimed to maximize our future opportunity. Specifically, we are focused on strategic ef...