Oportun's post-tightening vintages are performing better than pre-tightening. However, the company changed the presentation of metrics again, making it difficult to compare their performance to previous quarters. On a positive note, a decrease in the interest rate on the latest financing. Management continues guiding to decreasing operating costs by a further 30 million per quarter.
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OPRT Update (Q4 and Full Year 2023 results)
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Oportun's post-tightening vintages are performing better than pre-tightening. However, the company changed the presentation of metrics again, making it difficult to compare their performance to previous quarters. On a positive note, a decrease in the interest rate on the latest financing. Management continues guiding to decreasing operating costs by a further 30 million per quarter.