Porch Group: Q4 2023 ahead of guidance; repurchases $8M notes at 37.5% discount

Porch Group, Inc.

Preliminary Q4 2023: Revenue and Adjusted EBITDA expected ahead of prior full-year guidance of $415M and $(52)M.
Repurchased $8M aggregate principal of 0.75% senior convertible notes due 2026 for $3M (37.5% of par).
Total debt reduced from $225M to $217M; transaction expected to close Feb 15, 2024.
Full Q4 2023 earnings release and conference call scheduled for March 7, 2024.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Porch Group, Inc. updated its the quarter ended December 31, 2023 guidance (reaffirmed).

Period: the quarter ended December 31, 2023
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

issued a press release announcing preliminary financial information for the quarter ended December 31, 2023

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Porch Group, Inc. filing history →

Source: SEC EDGAR

accession 0001784535-24-000012

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