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Better Home & Finance | 10-K: FY2023 Annual Report

Better Home & Finance | 10-K: FY2023 Annual Report

Better Home & Finance | 10-K:2023財年年報
美股sec公告 ·  04/08 07:42
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BETTER HOME & FINANCE HOLDING (BETR.US) has reported a challenging financial year, with a significant decrease in revenue and an increase in net loss. The company's revenue for the year ended December 31, 2023, was $76.8 million, a substantial decline from $378.0 million in the previous year. This decrease was primarily due to a reduction in mortgage platform revenue and a significant drop in cash offer program revenue. The net loss widened to $536.4 million, compared to a net loss of $877.1 million in the prior year. Despite the losses, the company saw an improvement in its Gain on Sale Margin, which increased to 2.03% from 0.89%. BETTER HOME & FINANCE HOLDING's business development faced headwinds, with a decrease in funded loan volume and a strategic decision...Show More
BETTER HOME & FINANCE HOLDING (BETR.US) has reported a challenging financial year, with a significant decrease in revenue and an increase in net loss. The company's revenue for the year ended December 31, 2023, was $76.8 million, a substantial decline from $378.0 million in the previous year. This decrease was primarily due to a reduction in mortgage platform revenue and a significant drop in cash offer program revenue. The net loss widened to $536.4 million, compared to a net loss of $877.1 million in the prior year. Despite the losses, the company saw an improvement in its Gain on Sale Margin, which increased to 2.03% from 0.89%. BETTER HOME & FINANCE HOLDING's business development faced headwinds, with a decrease in funded loan volume and a strategic decision to wind down its in-house real estate agent business in favor of partnering with third-party agents. The company's future plans include continued investment in technology to improve customer experience and reduce labor costs through automation, aiming to make its platform more efficient and scalable. Additionally, the company successfully closed a business combination, providing $568 million in proceeds and issued a Convertible Note to SB Northstar, enhancing its financial flexibility for strategic objectives.
BETTER HOME & FINANCE HOLDING(BETR.US)報告了一個艱難的財政年度,營業收入大幅下降,淨虧損增加。截至2023年12月31日的財年,公司營業收入爲7680萬美元,較上一年的37800萬美元大幅下降。主要原因是抵押住房平台營收減少和現金提供計劃營收顯著下降。淨損失擴大到53640萬美元,而上年爲87710萬美元。儘管虧損加劇,但公司的銷售利潤率有所提高,從0.89%升至2.03%。BETTER HOME & FINANCE HOLDING的業務發展面臨挑戰,資助的貸款成交量減少,戰略決定停止公司內部地產代理業務,改爲與第三方代理合作。公司未來計劃繼續投資於科技,通過自動化提高客戶體驗並降低勞動力成本,旨在使其平台更加高效、可擴展。此外,公司成功完成一項業務合併,提供了56800萬美元的收益,並向Sb Northstar發行了可轉換債券,增強了其實現戰略目標的財務靈活性。
BETTER HOME & FINANCE HOLDING(BETR.US)報告了一個艱難的財政年度,營業收入大幅下降,淨虧損增加。截至2023年12月31日的財年,公司營業收入爲7680萬美元,較上一年的37800萬美元大幅下降。主要原因是抵押住房平台營收減少和現金提供計劃營收顯著下降。淨損失擴大到53640萬美元,而上年爲87710萬美元。儘管虧損加劇,但公司的銷售利潤率有所提高,從0.89%升至2.03%。BETTER HOME & FINANCE HOLDING的業務發展面臨挑戰,資助的貸款成交量減少,戰略決定停止公司內部地產代理業務,改爲與第三方代理合作。公司未來計劃繼續投資於科技,通過自動化提高客戶體驗並降低勞動力成本,旨在使其平台更加高效、可擴展。此外,公司成功完成一項業務合併,提供了56800萬美元的收益,並向Sb Northstar發行了可轉換債券,增強了其實現戰略目標的財務靈活性。
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