earnings
confidence high
sentiment neutral
materiality 0.60
United Homes Q3 revenue up 35% YoY to $118.6M, net loss $7.3M on derivative charge
United Homes Group, Inc.
2024-Q3 EPS reported
$0.86
revenue$328,902,237
- Net loss $7.3M ($0.15 diluted EPS) vs net income $150.8M ($2.35) in Q3 2023, which included $149.7M derivative gain.
- Revenue $118.6M, home closings 369 (+30% YoY), net new orders 341 (+25% YoY).
- ASP of production-built homes ~$320K vs $316K; adjusted gross margin 20.6% vs 22.1%.
- Available liquidity $89M ($25.8M cash + $63.2M credit facility); active communities 55.
- Interim CEO cites re-acceleration of growth; non-cash derivative charge of $7.8M impacted net loss.