By Denny Jacob
OppFi shares rose 16% in premarket trading after revenue grew in its latest quarter and the company forecast further growth ahead.
Shares were trading around $10.87. The stock has more than doubled over the last year.
The specialty finance platform logged $135,723 in revenue for the fourth quarter, up from $132,924 in the prior-year period. The company guided for revenue in 2025 to come in between $563 million to $594 million, which it said would equate to between 7% and 13% year-over-year growth.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 05, 2025 08:58 ET (13:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.