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

Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K/A
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001855747-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blend Labs amends Q4 non-GAAP net loss to $17.6M; revenue $36.1M
----------------------------------------------------------------

- Corrected non-GAAP net loss to $17.6M ($0.07/share) in Q4 2023, down from previously reported $21.6M.
- Full-year 2023 revenue $156.8M; GAAP operating loss improved to $156.2M from $746.2M in 2022.
- Consumer Banking Suite revenue grew 15% YoY to $6.4M in Q4; mortgage suite revenue fell 3% amid industry decline.
- Cash and marketable securities $144.2M; prepaid $85M of term loan and extended maturity to June 2027 (conditional).
- Q1 2024 guidance: $32.5-35.5M revenue, non-GAAP net operating loss of ($14)-($12)M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574724000024/0001855747-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574724000024/blnd-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001855747-24-000024

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