Summary by Moomoo AI
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
