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8-K: Better Home & Finance Holding Company Announces Second Quarter 2024 Results and 1-for-50 Reverse Stock Split

8-K: Better Home & Finance Holding Company Announces Second Quarter 2024 Results and 1-for-50 Reverse Stock Split

8-K:Better Home & Finance Holding Company公布2024年第二季度业绩和每股1比50的反向
美股SEC公告 ·  08/08 07:54
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On August 7, 2024, Better Home & Finance Holding Company, a Delaware-incorporated company, reported its financial results for the second quarter ending June 30, 2024. The company, which trades on the Nasdaq Stock Market under the symbols BETR for its Class A common stock and BETRW for its warrants, announced a net loss of approximately $42 million, an improvement from the $51 million loss in the previous quarter. Revenue increased by 41% to approximately $31 million, and the funded loan volume grew by 45%. The company also disclosed a reverse stock split at a ratio of one-for-50, set to take effect at 6:00 p.m. New York time on August 16, 2024, with trading on a split-adjusted basis beginning on August 19, 2024. The reverse stock split was approved by stockholders at...Show More
On August 7, 2024, Better Home & Finance Holding Company, a Delaware-incorporated company, reported its financial results for the second quarter ending June 30, 2024. The company, which trades on the Nasdaq Stock Market under the symbols BETR for its Class A common stock and BETRW for its warrants, announced a net loss of approximately $42 million, an improvement from the $51 million loss in the previous quarter. Revenue increased by 41% to approximately $31 million, and the funded loan volume grew by 45%. The company also disclosed a reverse stock split at a ratio of one-for-50, set to take effect at 6:00 p.m. New York time on August 16, 2024, with trading on a split-adjusted basis beginning on August 19, 2024. The reverse stock split was approved by stockholders at the annual meeting on June 4, 2024, and is aimed at reducing the number of authorized shares of Class A, B, and C common stock. The company's CEO, Vishal Garg, expressed satisfaction with the growth and progress towards profitability despite a challenging macro environment. CFO Kevin Ryan highlighted the operating leverage demonstrated in the quarter, with revenue growth outpacing expense growth. The company's technology investments and corporate cost reductions are expected to further narrow losses as growth continues.
2024年8月7日,总部位于特拉华州的Better Home & Finance Holding Company公布了截至2024年6月30日的第二季度财务报告。该公司在纳斯达克股票交易市场上以BETR为其A类普通股的交易代码,以BETRW为其认股权证代码进行交易。该公司宣布净亏损约为4200万美元,此前一季度亏损为5100万美元。营业收入增长了41%,达到约3100万美元,资助贷款成交量增长了45%。该公司还公开披露了一项反向股票拆分,比率为1比50,将于2024年8月16日晚上6点(纽约时间)生效,调整后的交易将于2024年8月19日开始。反向股票拆分已于2024年6月4日的年度股东大会上...展开全部
2024年8月7日,总部位于特拉华州的Better Home & Finance Holding Company公布了截至2024年6月30日的第二季度财务报告。该公司在纳斯达克股票交易市场上以BETR为其A类普通股的交易代码,以BETRW为其认股权证代码进行交易。该公司宣布净亏损约为4200万美元,此前一季度亏损为5100万美元。营业收入增长了41%,达到约3100万美元,资助贷款成交量增长了45%。该公司还公开披露了一项反向股票拆分,比率为1比50,将于2024年8月16日晚上6点(纽约时间)生效,调整后的交易将于2024年8月19日开始。反向股票拆分已于2024年6月4日的年度股东大会上获得批准,旨在减少A类、亿和C类普通股的授权股份数量。该公司首席执行官Vishal Garg表示,尽管宏观环境具有挑战性,但对增长和走向盈利感到满意。首席财务官Kevin Ryan强调,这个季度表现出了营收增长超过支出增长的运营杠杆,公司的科技投资和企业成本削减有望在增长持续的同时进一步缩小亏损。
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