UHG reports Q4 2023 net loss of $66.6M on $116.8M revenue; orders up 8%

United Homes Group, Inc.

Net loss $66.6M ($1.38 diluted EPS) vs net income $10.9M a year ago; includes $69.1M non-cash earnout adjustment.
Revenue $116.8M on 387 homes closed; production-built ASP $320k vs $300k in Q4 2022.
Net new home orders 294 in Q4 2023 (+8% YoY); Jan-Feb 2024 orders up 7.4% vs prior year.
Acquired Rosewood Communities and Creekside Custom Homes (Jan 2024); adds ~1,000 lots under control.
Available liquidity $81.1M; 2023 bonuses: CEO Nieri $414.6k, COO Twine $119.4k, CFO Feldman $141k.

item 2.02 item 5.02 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

United Homes Group, Inc. reported the fiscal year ended December 31, 2023 results: revenue $421.5 million.

Period: the fiscal year ended December 31, 2023
Revenue: $421.5 million
Result: reported results

Exact text from the filing

1,383 homes closed, resulting in revenue, net of sales discounts, of $421.5 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

United Homes Group, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $116.8 million, net income $66.6 million, EPS $(1.38) per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $116.8 million
Net income: $66.6 million
EPS: $(1.38) per diluted share
Result: reported results

Exact text from the filing

HOMES GROUP, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth Quarter 2023 Highlights • 387 homes closed, resulting in revenue, net of sales discounts, of $116.8 million • Average sale price ("ASP") of production-built homes was approximately $320,000 compared to $300,000 in Q4 2022 • 294 net new home orders in Q4 2023 compared to 271 net new

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United Homes Group, Inc. filing history →

Source: SEC EDGAR

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