Finance of America Q3 net loss $172M, adjusted loss $25M; Reverse volumes up 18% QoQ

Finance of America Companies Inc.

2023-Q3 EPS reported -$1.77 revenue$-41,482,000

Net loss from continuing operations of $172M; adjusted net loss $25M ($0.11 per share).
Funded volumes in Reverse segment increased 18% quarter over quarter.
Corporate overhead expenses reduced 17% quarter over quarter.
Maintained over 37% share of HECM Reverse market.
Completed sale of Home Improvement platform assets on September 15, 2023; transitioned offshore fulfillment services.

item 2.02 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

Finance of America Companies Inc. reported the third quarter ended September 30, 2023 results: net income Net loss from continuing operations of $172 million, EPS the Company recognized an adjusted net loss (2) of $25 million or $0.11 per share.

Period: the third quarter ended September 30, 2023
Net income: Net loss from continuing operations of $172 million
EPS: the Company recognized an adjusted net loss (2) of $25 million or $0.11 per share
Result: reported results

Exact text from the filing

Finance of America Companies Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001828937-23-000114

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