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Better Home & Finance | 10-K: Annual report

Better Home & Finance | 10-K:年度报表

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)报告了艰难的财政年度,收入大幅下降,净亏损增加。截至2023年12月31日的财年,该公司的收入为7,680万美元,较上一年的3.78亿美元大幅下降。下降的主要原因是抵押贷款平台收入减少以及现金优惠计划收入大幅下降。净亏损扩大至5.364亿美元,而去年的净亏损为8.771亿美元。尽管出现亏损,但该公司的销售收益利润率有所改善,从0.89%增加到2.03%。BETTER HOME & FINANCE HOLDING的业务发展面临阻力,融资贷款量减少,战略决策是结束其内部房地产代理业务,转而与第三方代理商合作。该公司的未来计划包括继续投资技术,以改善客户体验并通过自动化降低劳动力成本,旨在提高其平台的效率和可扩展性。此外,该公司成功完成了业务合并,提供了5.68亿美元的收益,并向SB Northstar发行了可转换票据,从而增强了其实现战略目标的财务灵活性。
BETTER HOME & FINANCE HOLDING(BETR.US)报告了艰难的财政年度,收入大幅下降,净亏损增加。截至2023年12月31日的财年,该公司的收入为7,680万美元,较上一年的3.78亿美元大幅下降。下降的主要原因是抵押贷款平台收入减少以及现金优惠计划收入大幅下降。净亏损扩大至5.364亿美元,而去年的净亏损为8.771亿美元。尽管出现亏损,但该公司的销售收益利润率有所改善,从0.89%增加到2.03%。BETTER HOME & FINANCE HOLDING的业务发展面临阻力,融资贷款量减少,战略决策是结束其内部房地产代理业务,转而与第三方代理商合作。该公司的未来计划包括继续投资技术,以改善客户体验并通过自动化降低劳动力成本,旨在提高其平台的效率和可扩展性。此外,该公司成功完成了业务合并,提供了5.68亿美元的收益,并向SB Northstar发行了可转换票据,从而增强了其实现战略目标的财务灵活性。
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