Comment and like pls, thanks!_老虎社区_美港股上老虎

2021-05-12

Comment and like pls, thanks!

Upstart rose nearly 20% in premarket trading, it posted better-than-expected earnings<blockquote>Upstart盘前涨近20%，盈利好于预期</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":193413534,"tweetId":"193413534","gmtCreate":1620808875528,"gmtModify":1634196148150,"author":{"id":3563561143098282,"idStr":"3563561143098282","authorId":3563561143098282,"authorIdStr":"3563561143098282","name":"AlvinTham","avatar":"https://static.tigerbbs.com/845cfac0b817ce044b5bb49a395c4ca7","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":32,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Comment and like pls, thanks!</body></html>","htmlText":"<html><head></head><body>Comment and like pls, thanks!</body></html>","text":"Comment and like pls, thanks!","highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/193413534","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.laohu8.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":"(May 12)&nbsp;Upstart rose nearly 20% in premarket trading.&nbsp;Eaelier,&nbsp;Upstart posted&nbsp;Q1&nbsp;earning.&nbsp;It&nbsp;EPS beats by $0.07, beats on revenue.<blockquote>（5月12日）Upstart在盘前交易中上涨近20%。早些时候，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><img src=\"https://static.tigerbbs.com/b078a26bce1eae56ea177eb01a807c9d\" tg-width=\"766\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><blockquote></blockquote><ul><li>Upstart&nbsp;Q1 Non-GAAP EPS of $0.22&nbsp;beats by $0.07; GAAP EPS of $0.11&nbsp;beats by $0.01.</li><li>Revenue of $121.35M (+89.6% Y/Y)&nbsp;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>Q2 2021 Outlook:Revenue of&nbsp;$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.”<blockquote><ul><li>Upstart第一季度非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>收入为1.2135亿美元（同比增长89.6%）超过预期为529万美元。</li><li>第一季度，银行合作伙伴在我们的平台上发放了169,750笔贷款，总额为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>2021年第二季度展望：营收1.5亿至1.6亿美元；边际贡献约44%；净利润为8至1200万美元；调整后净利润为21至2500万美元；调整后EBITDA为23至2700万美元。</li></ul>Upstart首席执行官Dave Girouard表示：“Upstart正在实现增长和利润的结合，这在金融科技和整个科技行业都是罕见的。”他补充道：“人工智能在借贷方面的优势日益明显，Upstart是这一新兴类别的代名词。”</blockquote>First Quarter 2021 Financial Highlights<blockquote>2021年第一季度财务摘要</blockquote><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>Financial Outlook<blockquote><ul><li>收入。总收入为1.21亿美元，较2020年第一季度增长90%。总费用收入为1.16亿美元，同比增长71%。</li><li>交易量和转化率。第一季度，银行合作伙伴在我们的平台上发放了169,750笔贷款，总额为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>经营收入。运营收入为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摊薄每股收益为0.11美元，摊薄调整后每股收益为0.22美元。</li><li>贡献利润。贡献利润为5580万美元，较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>财务展望</blockquote>For the second quarter of 2021, Upstart expects:<blockquote>对于2021年第二季度，Upstart预计：</blockquote><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:<blockquote><ul><li>收入为1.5亿至1.6亿美元</li><li>边际贡献约44%</li><li>净利润为8至1200万美元</li><li>调整后净利润为21至2500万美元</li><li>调整后EBITDA为23至2700万美元</li><li>基本加权平均股份数目约77,000,000股</li><li>稀释加权平均股数约为9490万股</li></ul>对于2021财年，Upstart现在预计：</blockquote><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:<blockquote><ul><li>收入约为6亿美元（之前的指导为5亿美元）</li><li>贡献率约为42%（之前的指导值为41%）</li></ul>并继续期待：</blockquote><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.<blockquote><ul><li>调整后EBITDA利润率约为10%</li></ul>由于未来产生这些成本和费用的潜在可变性和不确定性，Upstart尚未将上述前瞻性非GAAP指标与可比的前瞻性GAAP指标进行协调。因此，如果不付出不合理的努力，就不可能实现和解。</blockquote>Key Operating Metrics and Non-GAAP Financial Measures<blockquote>关键运营指标和非公认会计准则财务指标</blockquote>For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.<blockquote>有关我们主要营运指标的描述，请参阅下文“主要营运指标”一节。</blockquote>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.<blockquote>非公认会计原则财务指标与根据公认会计原则确定的最直接可比财务结果的调节表包含在本新闻稿末尾随附的财务数据之后。有关这些非GAAP财务指标的描述，包括管理层使用每项指标的原因，请参阅下面标题为“关于非GAAP财务指标”的部分。</blockquote>","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\">\nTiger Newspress \n2021-05-12 16:24\n</div>\n</a>\n</h4>\n</header>\n<article>\n(May 12)&nbsp;Upstart rose nearly 20% in premarket trading.&nbsp;Eaelier,&nbsp;Upstart posted&nbsp;Q1&nbsp;earning.&nbsp;It&nbsp;EPS beats by $0.07, beats on revenue.<blockquote>（5月12日）Upstart在盘前交易中上涨近20%。早些时候，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><img src=\"https://static.tigerbbs.com/b078a26bce1eae56ea177eb01a807c9d\" tg-width=\"766\" tg-height=\"494\" referrerpolicy=\"no-referrer\"><blockquote></blockquote><ul><li>Upstart&nbsp;Q1 Non-GAAP EPS of $0.22&nbsp;beats by $0.07; GAAP EPS of $0.11&nbsp;beats by $0.01.</li><li>Revenue of $121.35M (+89.6% Y/Y)&nbsp;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>Q2 2021 Outlook:Revenue of&nbsp;$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.”<blockquote><ul><li>Upstart第一季度非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>收入为1.2135亿美元（同比增长89.6%）超过预期为529万美元。</li><li>第一季度，银行合作伙伴在我们的平台上发放了169,750笔贷款，总额为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>2021年第二季度展望：营收1.5亿至1.6亿美元；边际贡献约44%；净利润为8至1200万美元；调整后净利润为21至2500万美元；调整后EBITDA为23至2700万美元。</li></ul>Upstart首席执行官Dave Girouard表示：“Upstart正在实现增长和利润的结合，这在金融科技和整个科技行业都是罕见的。”他补充道：“人工智能在借贷方面的优势日益明显，Upstart是这一新兴类别的代名词。”</blockquote>First Quarter 2021 Financial Highlights<blockquote>2021年第一季度财务摘要</blockquote><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>Financial Outlook<blockquote><ul><li>收入。总收入为1.21亿美元，较2020年第一季度增长90%。总费用收入为1.16亿美元，同比增长71%。</li><li>交易量和转化率。第一季度，银行合作伙伴在我们的平台上发放了169,750笔贷款，总额为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>经营收入。运营收入为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摊薄每股收益为0.11美元，摊薄调整后每股收益为0.22美元。</li><li>贡献利润。贡献利润为5580万美元，较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>财务展望</blockquote>For the second quarter of 2021, Upstart expects:<blockquote>对于2021年第二季度，Upstart预计：</blockquote><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:<blockquote><ul><li>收入为1.5亿至1.6亿美元</li><li>边际贡献约44%</li><li>净利润为8至1200万美元</li><li>调整后净利润为21至2500万美元</li><li>调整后EBITDA为23至2700万美元</li><li>基本加权平均股份数目约77,000,000股</li><li>稀释加权平均股数约为9490万股</li></ul>对于2021财年，Upstart现在预计：</blockquote><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:<blockquote><ul><li>收入约为6亿美元（之前的指导为5亿美元）</li><li>贡献率约为42%（之前的指导值为41%）</li></ul>并继续期待：</blockquote><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.<blockquote><ul><li>调整后EBITDA利润率约为10%</li></ul>由于未来产生这些成本和费用的潜在可变性和不确定性，Upstart尚未将上述前瞻性非GAAP指标与可比的前瞻性GAAP指标进行协调。因此，如果不付出不合理的努力，就不可能实现和解。</blockquote>Key Operating Metrics and Non-GAAP Financial Measures<blockquote>关键运营指标和非公认会计准则财务指标</blockquote>For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.<blockquote>有关我们主要营运指标的描述，请参阅下文“主要营运指标”一节。</blockquote>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.<blockquote>非公认会计原则财务指标与根据公认会计原则确定的最直接可比财务结果的调节表包含在本新闻稿末尾随附的财务数据之后。有关这些非GAAP财务指标的描述，包括管理层使用每项指标的原因，请参阅下面标题为“关于非GAAP财务指标”的部分。</blockquote>\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":254,"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,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/193413534"}