Summary by Futu AI
On May 13, 2024, Better Home & Finance Holding Company, also known as Better, filed a current report on Form 8-K with the SEC, announcing its financial results for the first quarter ended March 31, 2024. The Delaware-incorporated company, listed on the Nasdaq with the trading symbols BETR for its Class A common stock and BETRW for its warrants, reported a strong quarter with a 25% increase in funded loan volume and a 26% increase in revenue compared to the previous quarter. Despite these gains, the company posted a net loss of $51 million, consistent with the loss reported in the previous quarter. The company ended the quarter with $509 million in cash, restricted cash, and short-term investments. Better emphasized its strategic investments in its proprietary technology...Show More