Finance of America reports Q1 net loss $16M, adjusted EBITDA -$1M

Finance of America Companies Inc.

2024-Q1 EPS reported -$0.08 revenue$74,682,000

Net loss from continuing ops $16M ($0.06 loss per share); adjusted net loss $7M ($0.03 per share).
Adjusted EBITDA loss $1M, near break-even; Retirement Solutions pre-tax improved 69% vs prior quarter.
Third consecutive quarter of improved operating results on an adjusted net basis.

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 first quarter ended March 31, 2024 results: net income Net loss from continuing operations of $ 16 million or $0.06 basic loss per share, EPS $0.06 basic loss per share.

Period: the first quarter ended March 31, 2024
Net income: Net loss from continuing operations of $ 16 million or $0.06 basic loss per share
EPS: $0.06 basic loss 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 first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001828937-24-000034

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