secwatch.observer — SEC 8-K summary
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Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001104659-23-060940
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Homes Q1 net loss $204.5M from $207.1M non-cash earn-out charge; adj EBITDA $8.5M
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- Net loss $204.5M ($5.44/sh) includes $207.1M unrealized loss on earn-out; vs net income $17M in Q1 2022.
- Homebuilding revenue $94.8M, down from $108.4M; 328 closed homes vs 414; ASP $314k vs $272k (+15.5%).
- Adjusted EBITDA $8.5M vs $19.4M in Q1 2022; homebuilding adj gross margin 20.2% vs 26.0%.
- Backlog 320 homes valued $103.3M; net new orders 389 in Q1, 128 in April; 52 active communities.
- Total liquidity $151.7M ($110.9M cash + $40.8M undrawn credit); shares outstanding 47.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923060940/0001104659-23-060940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923060940/tm2315769d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-060940

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