secwatch.observer — SEC 8-K summary
======================================

Issuer:     Porch Group, Inc. (PRCH)
CIK:        0001784535
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001784535-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Porch Group Q4 revenue $114.6M (+79% YoY); swings to $11.7M Adj. EBITDA vs -$13.3M loss
--------------------------------------------------------------------------------

- Revenue $114.6M (+79% YoY); GAAP net loss narrowed to $2.5M from $35.5M in Q4 2022.
- Adjusted EBITDA $11.7M, a $25M improvement from -$13.3M loss in Q4 2022.
- Insurance segment: gross written premium $112M, ~310k policies; gross loss ratio 36%, combined 49%.
- Cash and investments $397.6M at year-end; approved in 13 states to use property data in pricing.
- Launched new SaaS products: title software, HVAC micro-warranty, back office software for inspectors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784535/000178453524000015/0001784535-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784535/000178453524000015/prch-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001784535-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer