good and David, Thank morning. you
update and Before liquidity. I GreenSky’s let XXXX for our results provide and me details guidance discuss funding around additional our some XXXX,
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on fees they concert sales, payment While otherwise based with transaction our the an costs incentive that note and mix upfront bank SCR on also periods loan at expense waterfall product we product and taken in loan in is that earned variability into to in keep vary sale loan important also incurred risk future is It incur due charge-offs. our level. the our sold to mitigate reduce mind and expense loan
our margin funds. cost consistent lifetime than a with Our X%, contribution loan sales of maintain of historical greater
of guarantee for $XX.X quarter a Turning to financial expense the represented Slide fourth XX, million. benefit the
escrow our main put will adoption the financial we component that You of the behalf represents our of CECL, bank expense. aside partners of the guarantee under on recall
fourth model usage show recognition runoff, sales quarter, in estimate reducing QX resulted financial portfolios used historically the adjusted as had we no model fourth a amounts While quarter This significant to in though EBITDA XXXX. and escrow, loan impact and during estimate the as usage of our related expense certain of guarantee for liability. the the non-cash have our cash now guarantee the a loan a scenarios partners reasonably of financial little CECL might the small ongoing escrow bank to the as to were of Prior occur. the requires methodology our expense CECL item; benefit escrow we however, result in us
this prior we As guidance. a discontinued as our zero further way, adjustment for our a result, and reduction recognized full a of well financial quarter as in EBITDA, adjustment XXXX dollar non-cash for adjustments, cumulative simplified EBITDA another is year CECL our a reporting. for have Said XXXX item in EBITDA there as to
year-over-year, at of we our to or are to guidance on and $X.X transaction volumes approximately achieve track estimate million. now on to approximately Turning XX, XX% Slide billion $XXX $X.X billion, revenue growth remains
We based are estimate for our two the breakeven net to on revising year reasons. income primary
uncertainty still recovery post-COVID are we believe as estimate. of is us months seeing there payment in of while the better will charge-offs in of performance our lower through the the couple into year result of first lead First, the to be trend the improvement than and environment, XXXX last prior a macroeconomic and the incentive consumer end
Together, agreement revised for midpoint net we these expect guidance. sales by a income in we combine at anchored $XX today. our million two forward the flow additional billion-dollar Second, announced trends XXXX of cost that benefit new to loan the improvements
account are revising are expense. We that guarantee the the which described revenue benefits also of takes but financial in we just EBITDA into the reflects adjusted adjusting no also higher, cost I EBITDA longer that for
remaining reached we to adjusted adjusted impacts our EBITDA As the have adjusted $XX will $XX Once to a margin X% revising exceeding adjusted model, between result, XXXX, which believe from the funding to estimated diversified in state are net income sustainable EBITDA XX%. and EBITDA for finished be by steady XX% and we we reflect the pandemic our margins recognizing and million million GAAP and year. to a have reported are
and transparency key on on model additional guidance I and cost underlying wanted Q&A, moving our of revenue. Before inputs how offer assumptions to revenue to XXXX some to
for income, originations as and are the results our range funds Here and ready a ongoing servicing fees, quarter prepared year remarks we XXXX discuss for now well we fees, GreenSky. financial you this of for and interest and in our provide to your and and fourth Thank interest to as cost costs. transaction completes other opportunity take Operator, servicing full and questions.
