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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q：2024財年三季報
美股SEC公告 ·  2024/11/14 16:48

Moomoo AI 已提取核心訊息

Better Home & Finance Holding Company reported a net loss of $54.2 million for Q3 2024, significantly improving from a $353.9 million loss in Q3 2023. Total net revenues surged to $29 million from $4.9 million year-over-year, driven by an 86% increase in gain on loans to $21.5 million. Funded loan volume grew 42% to $1.035 billion, with gain on sale margin expanding to 2.08%.The company's operating expenses decreased substantially to $83.1 million from $358.1 million in Q3 2023, primarily due to reduced compensation costs and the absence of one-time charges. Compensation and benefits expenses declined 55% to $37.8 million, while marketing expenses increased to $12.1 million as part of growth initiatives. The company maintained $207.7 million in cash and cash equivalents as of September 30, 2024.Looking ahead, Better Home & Finance continues to focus on improving its platform and preparing for future growth through technology investments. The company successfully regained Nasdaq compliance following a 1-for-50 reverse stock split in August 2024. Management remains committed to expanding customer base and market share while driving down costs through automation.
Better Home & Finance Holding Company reported a net loss of $54.2 million for Q3 2024, significantly improving from a $353.9 million loss in Q3 2023. Total net revenues surged to $29 million from $4.9 million year-over-year, driven by an 86% increase in gain on loans to $21.5 million. Funded loan volume grew 42% to $1.035 billion, with gain on sale margin expanding to 2.08%.The company's operating expenses decreased substantially to $83.1 million from $358.1 million in Q3 2023, primarily due to reduced compensation costs and the absence of one-time charges. Compensation and benefits expenses declined 55% to $37.8 million, while marketing expenses increased to $12.1 million as part of growth initiatives. The company maintained $207.7 million in cash and cash equivalents as of September 30, 2024.Looking ahead, Better Home & Finance continues to focus on improving its platform and preparing for future growth through technology investments. The company successfully regained Nasdaq compliance following a 1-for-50 reverse stock split in August 2024. Management remains committed to expanding customer base and market share while driving down costs through automation.
Better Home & Finance Holding Company 在2024年第三季度報告淨虧損5420萬，比2023年第三季度的35390萬虧損顯著改善。總淨收入同比激增至2900萬，去年同期爲490萬，這主要得益於貸款收益增加86%至2150萬。融資貸款成交量增長42%，達到10.35億，銷售收益率擴大到2.08%。該公司的營業費用大幅下降至8310萬，自2023年第三季度的35810萬主要是由於薪酬成本減少和沒有一次性收費。薪酬和福利費用下降55%，至3780萬，而營銷費用則增加至1210萬，作爲增長計劃的一部分。截止2024年9月30日，公司持有現金及現金等價物20770萬。展望未來，Better Home & Finance 將繼續專注於改善其平台，並通過科技投資爲未來增長做準備。公司在2024年8月成功完成1股換50股的反向股票拆分後，重新獲得納斯達克合規性。管理層仍然致力於擴大客戶基礎和市場份額，同時通過自動化降低成本。
Better Home & Finance Holding Company 在2024年第三季度報告淨虧損5420萬，比2023年第三季度的35390萬虧損顯著改善。總淨收入同比激增至2900萬，去年同期爲490萬，這主要得益於貸款收益增加86%至2150萬。融資貸款成交量增長42%，達到10.35億，銷售收益率擴大到2.08%。該公司的營業費用大幅下降至8310萬，自2023年第三季度的35810萬主要是由於薪酬成本減少和沒有一次性收費。薪酬和福利費用下降55%，至3780萬，而營銷費用則增加至1210萬，作爲增長計劃的一部分。截止2024年9月30日，公司持有現金及現金等價物20770萬。展望未來，Better Home & Finance 將繼續專注於改善其平台，並通過科技投資爲未來增長做準備。公司在2024年8月成功完成1股換50股的反向股票拆分後，重新獲得納斯達克合規性。管理層仍然致力於擴大客戶基礎和市場份額，同時通過自動化降低成本。
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