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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公佈2024年第二季度業績和每股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,Delaware註冊公司Better Home & Finance Holding Company發佈了截至2024年6月30日的第二季度財務結果。該公司在納斯達克股票交易市場上交易,股票代碼爲BETR和BETRW。它的A類普通股和認股權證。公司報告淨虧損約4200萬美元,較前一個季度的5100萬美元虧損有所改善。營業收入增長了41%至約3100萬美元,資助的貸款量增長了45%。該公司還披露了一項以1:50的比率進行的逆向股票分割,將於2024年8月16日紐約時間下午6點生效,調整後的交易將於2024年8月19日開始。反向拆股已於2024年6月4日的股東大會上獲得批准,旨在...展開全部
2024年8月7日,Delaware註冊公司Better Home & Finance Holding Company發佈了截至2024年6月30日的第二季度財務結果。該公司在納斯達克股票交易市場上交易,股票代碼爲BETR和BETRW。它的A類普通股和認股權證。公司報告淨虧損約4200萬美元,較前一個季度的5100萬美元虧損有所改善。營業收入增長了41%至約3100萬美元,資助的貸款量增長了45%。該公司還披露了一項以1:50的比率進行的逆向股票分割,將於2024年8月16日紐約時間下午6點生效,調整後的交易將於2024年8月19日開始。反向拆股已於2024年6月4日的股東大會上獲得批准,旨在減少A、億和C類普通股的授權股數。該公司的首席執行官Vishal Garg表示,儘管面臨挑戰性的宏觀環境,他對增長和邁向盈利感到滿意。首席財務官Kevin Ryan強調了本季度所展示的運營槓桿,收入增長超過了支出增長。該公司的科技投資和企業成本削減預計將在增長繼續的情況下進一步縮小虧損。
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