pkycme
2021-05-12
LONG UPST! MULTIBAGGER STOCK
Upstart rose nearly 20% in premarket trading, it posted better-than-expected earnings<blockquote>Upstart 盘前交易上涨近 20%，盈利好于预期</blockquote>
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MULTIBAGGER STOCK","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/193437935","repostId":1191984671,"repostType":4,"repost":{"id":"1191984671","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620807876,"share":"https://www.laohunote.com/m/news/1191984671?lang=zh_CN&edition=full","pubTime":"2021-05-12 16:24","market":"us","language":"en","title":"Upstart rose nearly 20% in premarket trading, it posted better-than-expected earnings<blockquote>Upstart 盘前交易上涨近 20%，盈利好于预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191984671","media":"Tiger Newspress","summary":"(May 12) Upstart rose nearly 20% in premarket trading. Eaelier, Upstart posted Q1 earning. It EPS be","content":"<p>(May 12) Upstart rose nearly 20% in premarket trading. Eaelier, Upstart posted Q1 earning. It EPS beats by $0.07, beats on revenue.</p><p><blockquote>（5月12日）Upstart在盘前交易中上涨近20%。Eaelier，Upstart公布了第一季度收益。它每股收益超过预期0.07美元，营收超过预期。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b078a26bce1eae56ea177eb01a807c9d\" tg-width=\"766\" tg-height=\"494\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><ul><li>Upstart Q1 Non-GAAP EPS of $0.22 beats by $0.07; GAAP EPS of $0.11 beats by $0.01.</li><li>Revenue of $121.35M (+89.6% Y/Y) beats by $5.29M.</li><li>Bank partners originated 169,750 loans, totaling $1.73 billion, across our platform in the first quarter, up 102% from the same quarter of the prior year.</li><li>Conversion on rate requests was 22% in the first quarter of 2021, up from 14% in the same quarter of the prior year.</li><li>adjusted EBITDA margin was 17% of total revenue, from 6% in the first quarter of 2020.</li><li><b>Q2 2021 Outlook:</b>Revenue of $150 to $160 million; Contribution Margin of approximately 44%; Net Income of $8 to $12 million; Adjusted Net Income of $21 to $25 million; Adjusted EBITDA of $23 to $27 million.</li></ul>“Upstart is delivering a combination of growth and profits that is rare in FinTech and in the technology industry overall,” saidDave Girouard, CEO of Upstart. He added, “The advantages of AI in lending are becoming more apparent by the day and Upstart is synonymous with this newly emerging category.”</p><p><blockquote><ul><li>Upstart Q1 非 GAAP 每股收益为 0.22 美元，超过预期为 0.07 美元；GAAP 每股收益为 0.11 美元，超过预期为 0.01 美元。</li><li>收入 1.2135 亿美元（同比增长 89.6%）超过预期 529 万美元。</li><li>第一季度，银行合作伙伴通过我们的平台发放了 169,750 笔贷款，总额达 17.3 亿美元，比去年同期增长 102%。</li><li>2021 年第一季度费率请求的转化率为 22%，高于去年同期的 14%。</li><li>调整后 EBITDA 利润率为总收入的 17%，高于 2020 年第一季度的 6%。</li><li><b>2021年第二季度展望：</b>收入1.5亿至1.6亿美元；贡献率约为44%；净利润800万至1200万美元；调整后净利润为2100万至2500万美元；调整后 EBITDA 为 2300 万美元至 2700 万美元。</li></ul>“Upstart 首席执行官戴夫-吉鲁阿德（Dave Girouard）说：”Upstart 实现了增长和利润的结合，这在金融科技和整个科技行业都是罕见的。他补充说：“人工智能在贷款领域的优势日益明显，而 Upstart 就是这一新兴类别的代名词。”</blockquote></p><p><b>First Quarter 2021 Financial Highlights</b></p><p><blockquote><b>2021年第一季度财务摘要</b></blockquote></p><p><ul><li>Revenue. Total revenue was $121 million, an increase of 90% from the first quarter of 2020. Total fee revenue was $116 million, an increase of 71% year-over-year.</li><li>Transaction Volume and Conversion Rate. Bank partners originated 169,750 loans, totaling $1.73 billion, across our platform in the first quarter, up 102% from the same quarter of the prior year. Conversion on rate requests was 22% in the first quarter of 2021, up from 14% in the same quarter of the prior year.</li><li>Income from Operations. Income from operations was $15.6 million, from $0.6 million the prior year.</li><li>Net Income and EPS. GAAP net income was $10.1 million, up from $1.5 million in the same quarter of the prior year. Adjusted net income was $19.9 million, up from $3.4 million in the same quarter of the prior year. Accordingly, GAAP diluted earnings per share was $0.11, and diluted adjusted earnings per share was $0.22 based on the weighted-average common shares outstanding during the period.</li><li>Contribution Profit. Contribution profit was $55.8 million, up 117% from in the first quarter of 2020, with a contribution margin of 48% compared to a 38% contribution margin in the first quarter of 2020.</li><li>Adjusted EBITDA. Adjusted EBITDA was $21.0 million, up 472% year-over-year. The first quarter 2021 adjusted EBITDA margin was 17% of total revenue, from 6% in the first quarter of 2020.</li></ul><b>Financial Outlook</b></p><p><blockquote><ul><li>收入。总收入为1.21亿美元，比2020年第一季度增长90%。费用总收入为1.16亿美元，同比增长71%。</li><li>交易量和转化率。第一季度，银行合作伙伴通过我们的平台发放了 169,750 笔贷款，总额达 17.3 亿美元，比去年同期增长 102%。2021 年第一季度费率请求的转化率为 22%，高于去年同期的 14%。</li><li>营业收入。营业收入为 1560 万美元，高于上一年的 60 万美元。</li><li>净利润和每股收益。GAAP净利润为1010万美元，高于去年同期的150万美元。调整后净利润为 1990 万美元，高于去年同期的 340 万美元。因此，基于该期间已发行普通股的加权平均，GAAP 稀释每股收益为 0.11 美元，稀释调整后每股收益为 0.22 美元。</li><li>贡献利润。贡献利润为5580万美元，比2020年第一季度增长117%，贡献率为48%，而2020年第一季度的贡献率为38%。</li><li>调整后 EBITDA。调整后 EBITDA 为 2100 万美元，同比增长 472%。2021 年第一季度调整后 EBITDA 利润率为总收入的 17%，高于 2020 年第一季度的 6%。</li></ul><b>财务展望</b></blockquote></p><p>For the second quarter of 2021, Upstart expects:</p><p><blockquote>Upstart 预计 2021 年第二季度：</blockquote></p><p><ul><li>Revenue of $150 to $160 million</li><li>Contribution Margin of approximately 44%</li><li>Net Income of $8 to $12 million</li><li>Adjusted Net Income of $21 to $25 million</li><li>Adjusted EBITDA of $23 to $27 million</li><li>Basic Weighted-Average Share Count of approximately 77.0 million shares</li><li>Diluted Weighted-Average Share Count of approximately 94.9 million shares</li></ul>For the 2021 fiscal year, Upstart now expects:</p><p><blockquote><ul><li>收入1.5亿至1.6亿美元</li><li>贡献率约为44%</li><li>净利润 800 万至 1200 万美元</li><li>调整后净利润为 2100 万至 2500 万美元</li><li>调整后 EBITDA 为 2300 万美元至 2700 万美元</li><li>基本加权平均股份数目约77,000,000股</li><li>摊薄加权平均股份数目约94.9百万股</li></ul>对于 2021 财年，Upstart 现在预计：</blockquote></p><p><ul><li>Revenue of approximately $600 million (vs prior guidance of $500 million)</li><li>Contribution Margin of approximately 42% (vs prior guidance of 41%)</li></ul>And continues to expect:</p><p><blockquote><ul><li>收入约为 6 亿美元（之前指导为 5 亿美元）</li><li>贡献率约为 42%（先前指导为 41%）</li></ul>并继续期待：</blockquote></p><p><ul><li>Adjusted EBITDA Margin of approximately 10%</li></ul>Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.</p><p><blockquote><ul><li>调整后 EBITDA 利润率约为 10%</li></ul>Upstart 尚未将上述前瞻性非 GAAP 指标与可比前瞻性 GAAP 指标进行协调，因为未来产生这些成本和费用的潜在可变性和不确定性。因此，没有不合理的努力，和解是不可能的。</blockquote></p><p><b>Key Operating Metrics and Non-GAAP Financial Measures</b></p><p><blockquote><b>关键运营指标和非 GAAP 财务指标</b></blockquote></p><p>For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.</p><p><blockquote>有关我们主要营运指标的说明，请参阅下文「主要营运指标」一节。</blockquote></p><p>Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled \"About Non-GAAP Financial Measures” below.</p><p><blockquote>非 GAAP 财务指标与根据 GAAP 确定的最直接可比财务业绩的调节表包含在随附财务数据后的本新闻稿末尾。有关这些非公认会计准则财务指标的描述，包括管理层使用每种指标的原因，请参阅下面标题为“关于非公认会计准则财务指标”的章节。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upstart rose nearly 20% in premarket trading, it posted better-than-expected earnings<blockquote>Upstart 盘前交易上涨近 20%，盈利好于预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart rose nearly 20% in premarket trading, it posted better-than-expected earnings<blockquote>Upstart 盘前交易上涨近 20%，盈利好于预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-12 16:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 12) Upstart rose nearly 20% in premarket trading. Eaelier, Upstart posted Q1 earning. It EPS beats by $0.07, beats on revenue.</p><p><blockquote>（5月12日）Upstart在盘前交易中上涨近20%。Eaelier，Upstart公布了第一季度收益。它每股收益超过预期0.07美元，营收超过预期。</blockquote></p><p><img src=\"https://static.tigerbbs.com/b078a26bce1eae56ea177eb01a807c9d\" tg-width=\"766\" tg-height=\"494\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><ul><li>Upstart Q1 Non-GAAP EPS of $0.22 beats by $0.07; GAAP EPS of $0.11 beats by $0.01.</li><li>Revenue of $121.35M (+89.6% Y/Y) beats by $5.29M.</li><li>Bank partners originated 169,750 loans, totaling $1.73 billion, across our platform in the first quarter, up 102% from the same quarter of the prior year.</li><li>Conversion on rate requests was 22% in the first quarter of 2021, up from 14% in the same quarter of the prior year.</li><li>adjusted EBITDA margin was 17% of total revenue, from 6% in the first quarter of 2020.</li><li><b>Q2 2021 Outlook:</b>Revenue of $150 to $160 million; Contribution Margin of approximately 44%; Net Income of $8 to $12 million; Adjusted Net Income of $21 to $25 million; Adjusted EBITDA of $23 to $27 million.</li></ul>“Upstart is delivering a combination of growth and profits that is rare in FinTech and in the technology industry overall,” saidDave Girouard, CEO of Upstart. He added, “The advantages of AI in lending are becoming more apparent by the day and Upstart is synonymous with this newly emerging category.”</p><p><blockquote><ul><li>Upstart Q1 非 GAAP 每股收益为 0.22 美元，超过预期为 0.07 美元；GAAP 每股收益为 0.11 美元，超过预期为 0.01 美元。</li><li>收入 1.2135 亿美元（同比增长 89.6%）超过预期 529 万美元。</li><li>第一季度，银行合作伙伴通过我们的平台发放了 169,750 笔贷款，总额达 17.3 亿美元，比去年同期增长 102%。</li><li>2021 年第一季度费率请求的转化率为 22%，高于去年同期的 14%。</li><li>调整后 EBITDA 利润率为总收入的 17%，高于 2020 年第一季度的 6%。</li><li><b>2021年第二季度展望：</b>收入1.5亿至1.6亿美元；贡献率约为44%；净利润800万至1200万美元；调整后净利润为2100万至2500万美元；调整后 EBITDA 为 2300 万美元至 2700 万美元。</li></ul>“Upstart 首席执行官戴夫-吉鲁阿德（Dave Girouard）说：”Upstart 实现了增长和利润的结合，这在金融科技和整个科技行业都是罕见的。他补充说：“人工智能在贷款领域的优势日益明显，而 Upstart 就是这一新兴类别的代名词。”</blockquote></p><p><b>First Quarter 2021 Financial Highlights</b></p><p><blockquote><b>2021年第一季度财务摘要</b></blockquote></p><p><ul><li>Revenue. Total revenue was $121 million, an increase of 90% from the first quarter of 2020. Total fee revenue was $116 million, an increase of 71% year-over-year.</li><li>Transaction Volume and Conversion Rate. Bank partners originated 169,750 loans, totaling $1.73 billion, across our platform in the first quarter, up 102% from the same quarter of the prior year. Conversion on rate requests was 22% in the first quarter of 2021, up from 14% in the same quarter of the prior year.</li><li>Income from Operations. Income from operations was $15.6 million, from $0.6 million the prior year.</li><li>Net Income and EPS. GAAP net income was $10.1 million, up from $1.5 million in the same quarter of the prior year. Adjusted net income was $19.9 million, up from $3.4 million in the same quarter of the prior year. Accordingly, GAAP diluted earnings per share was $0.11, and diluted adjusted earnings per share was $0.22 based on the weighted-average common shares outstanding during the period.</li><li>Contribution Profit. Contribution profit was $55.8 million, up 117% from in the first quarter of 2020, with a contribution margin of 48% compared to a 38% contribution margin in the first quarter of 2020.</li><li>Adjusted EBITDA. Adjusted EBITDA was $21.0 million, up 472% year-over-year. The first quarter 2021 adjusted EBITDA margin was 17% of total revenue, from 6% in the first quarter of 2020.</li></ul><b>Financial Outlook</b></p><p><blockquote><ul><li>收入。总收入为1.21亿美元，比2020年第一季度增长90%。费用总收入为1.16亿美元，同比增长71%。</li><li>交易量和转化率。第一季度，银行合作伙伴通过我们的平台发放了 169,750 笔贷款，总额达 17.3 亿美元，比去年同期增长 102%。2021 年第一季度费率请求的转化率为 22%，高于去年同期的 14%。</li><li>营业收入。营业收入为 1560 万美元，高于上一年的 60 万美元。</li><li>净利润和每股收益。GAAP净利润为1010万美元，高于去年同期的150万美元。调整后净利润为 1990 万美元，高于去年同期的 340 万美元。因此，基于该期间已发行普通股的加权平均，GAAP 稀释每股收益为 0.11 美元，稀释调整后每股收益为 0.22 美元。</li><li>贡献利润。贡献利润为5580万美元，比2020年第一季度增长117%，贡献率为48%，而2020年第一季度的贡献率为38%。</li><li>调整后 EBITDA。调整后 EBITDA 为 2100 万美元，同比增长 472%。2021 年第一季度调整后 EBITDA 利润率为总收入的 17%，高于 2020 年第一季度的 6%。</li></ul><b>财务展望</b></blockquote></p><p>For the second quarter of 2021, Upstart expects:</p><p><blockquote>Upstart 预计 2021 年第二季度：</blockquote></p><p><ul><li>Revenue of $150 to $160 million</li><li>Contribution Margin of approximately 44%</li><li>Net Income of $8 to $12 million</li><li>Adjusted Net Income of $21 to $25 million</li><li>Adjusted EBITDA of $23 to $27 million</li><li>Basic Weighted-Average Share Count of approximately 77.0 million shares</li><li>Diluted Weighted-Average Share Count of approximately 94.9 million shares</li></ul>For the 2021 fiscal year, Upstart now expects:</p><p><blockquote><ul><li>收入1.5亿至1.6亿美元</li><li>贡献率约为44%</li><li>净利润 800 万至 1200 万美元</li><li>调整后净利润为 2100 万至 2500 万美元</li><li>调整后 EBITDA 为 2300 万美元至 2700 万美元</li><li>基本加权平均股份数目约77,000,000股</li><li>摊薄加权平均股份数目约94.9百万股</li></ul>对于 2021 财年，Upstart 现在预计：</blockquote></p><p><ul><li>Revenue of approximately $600 million (vs prior guidance of $500 million)</li><li>Contribution Margin of approximately 42% (vs prior guidance of 41%)</li></ul>And continues to expect:</p><p><blockquote><ul><li>收入约为 6 亿美元（之前指导为 5 亿美元）</li><li>贡献率约为 42%（先前指导为 41%）</li></ul>并继续期待：</blockquote></p><p><ul><li>Adjusted EBITDA Margin of approximately 10%</li></ul>Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.</p><p><blockquote><ul><li>调整后 EBITDA 利润率约为 10%</li></ul>Upstart 尚未将上述前瞻性非 GAAP 指标与可比前瞻性 GAAP 指标进行协调，因为未来产生这些成本和费用的潜在可变性和不确定性。因此，没有不合理的努力，和解是不可能的。</blockquote></p><p><b>Key Operating Metrics and Non-GAAP Financial Measures</b></p><p><blockquote><b>关键运营指标和非 GAAP 财务指标</b></blockquote></p><p>For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.</p><p><blockquote>有关我们主要营运指标的说明，请参阅下文「主要营运指标」一节。</blockquote></p><p>Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled \"About Non-GAAP Financial Measures” below.</p><p><blockquote>非 GAAP 财务指标与根据 GAAP 确定的最直接可比财务业绩的调节表包含在随附财务数据后的本新闻稿末尾。有关这些非公认会计准则财务指标的描述，包括管理层使用每种指标的原因，请参阅下面标题为“关于非公认会计准则财务指标”的章节。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191984671","content_text":"(May 12) Upstart rose nearly 20% in premarket trading. Eaelier, Upstart posted Q1 earning. It EPS beats by $0.07, beats on revenue.Upstart Q1 Non-GAAP EPS of $0.22 beats by $0.07; GAAP EPS of $0.11 beats by $0.01.Revenue of $121.35M (+89.6% Y/Y) beats by $5.29M.Bank partners originated 169,750 loans, totaling $1.73 billion, across our platform in the first quarter, up 102% from the same quarter of the prior year.Conversion on rate requests was 22% in the first quarter of 2021, up from 14% in the same quarter of the prior year.adjusted EBITDA margin was 17% of total revenue, from 6% in the first quarter of 2020.Q2 2021 Outlook:Revenue of $150 to $160 million; Contribution Margin of approximately 44%; Net Income of $8 to $12 million; Adjusted Net Income of $21 to $25 million; Adjusted EBITDA of $23 to $27 million.“Upstart is delivering a combination of growth and profits that is rare in FinTech and in the technology industry overall,” saidDave Girouard, CEO of Upstart. He added, “The advantages of AI in lending are becoming more apparent by the day and Upstart is synonymous with this newly emerging category.”First Quarter 2021 Financial HighlightsRevenue. Total revenue was $121 million, an increase of 90% from the first quarter of 2020. Total fee revenue was $116 million, an increase of 71% year-over-year.Transaction Volume and Conversion Rate. Bank partners originated 169,750 loans, totaling $1.73 billion, across our platform in the first quarter, up 102% from the same quarter of the prior year. Conversion on rate requests was 22% in the first quarter of 2021, up from 14% in the same quarter of the prior year.Income from Operations. Income from operations was $15.6 million, from $0.6 million the prior year.Net Income and EPS. GAAP net income was $10.1 million, up from $1.5 million in the same quarter of the prior year. Adjusted net income was $19.9 million, up from $3.4 million in the same quarter of the prior year. Accordingly, GAAP diluted earnings per share was $0.11, and diluted adjusted earnings per share was $0.22 based on the weighted-average common shares outstanding during the period.Contribution Profit. Contribution profit was $55.8 million, up 117% from in the first quarter of 2020, with a contribution margin of 48% compared to a 38% contribution margin in the first quarter of 2020.Adjusted EBITDA. Adjusted EBITDA was $21.0 million, up 472% year-over-year. The first quarter 2021 adjusted EBITDA margin was 17% of total revenue, from 6% in the first quarter of 2020.Financial OutlookFor the second quarter of 2021, Upstart expects:Revenue of $150 to $160 millionContribution Margin of approximately 44%Net Income of $8 to $12 millionAdjusted Net Income of $21 to $25 millionAdjusted EBITDA of $23 to $27 millionBasic Weighted-Average Share Count of approximately 77.0 million sharesDiluted Weighted-Average Share Count of approximately 94.9 million sharesFor the 2021 fiscal year, Upstart now expects:Revenue of approximately $600 million (vs prior guidance of $500 million)Contribution Margin of approximately 42% (vs prior guidance of 41%)And continues to expect:Adjusted EBITDA Margin of approximately 10%Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.Key Operating Metrics and Non-GAAP Financial MeasuresFor a description of our key operating measures, please see the section titled “Key Operating Metrics” below.Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled \"About Non-GAAP Financial Measures” below.","news_type":1,"symbols_score_info":{"UPST":0.9}},"isVote":1,"tweetType":1,"viewCount":847,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":25,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/193437935"}
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