earnings
confidence high
sentiment positive
materiality 0.75
Better Home & Finance Q2 revenue up 41% QoQ, net loss narrows; announces 1-for-50 reverse split
Better Home & Finance Holding Co
2024-Q2 EPS reported
-$0.12
revenue$5,698,000
- Revenue ~$31M, up 41% from Q1; net loss improved to ~$42M from $51M in Q1.
- Funded loan volume +45% QoQ; management guides Q3 funded volume above $1B.
- 1-for-50 reverse stock split effective Aug 16, 2024; trading on split-adjusted basis Aug 19.
- Authorized Class A shares reduced from 1.8B to 36M; officer exculpation amendment approved.
- Cash, restricted cash, and short-term investments ~$507M at Q2 end.