Financial HealthThe balance sheet remains strong with approximately $109M in net cash, and the company remains free cash flow positive despite the tough environment.
Market PositioningNew logo signings in the quarter were a record at 21, up from 8 a year ago, underscoring a revamped go to market over the last few quarters.
OEM PartnershipsThe third OEM partnership is seen as a vindication against investor concerns about Open Lending's business model and the attractiveness of the Lenders Protection product.