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Better Home & Finance | 10-K: Annual report

Better Home & Finance | 10-K: Annual report

Better Home & Finance | 10-K:年度報表
美股sec公告 ·  04/08 19:42
牛牛AI助理已提取核心訊息
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)報告了艱難的財政年度,收入大幅下降,淨虧損增加。截至2023年12月31日的財年,該公司的收入爲7,680萬美元,較上一年的3.78億美元大幅下降。下降的主要原因是抵押貸款平台收入減少以及現金優惠計劃收入大幅下降。淨虧損擴大至5.364億美元,而去年的淨虧損爲8.771億美元。儘管出現虧損,但該公司的銷售收益利潤率有所改善,從0.89%增加到2.03%。BETTER HOME & FINANCE HOLDING的業務發展面臨阻力,融資貸款量減少,戰略決策是結束其內部房地產代理業務,轉而與第三方代理商合作。該公司的未來計劃包括繼續投資技術,以改善客戶體驗並通過自動化降低勞動力成本,旨在提高其平台的效率和可擴展性。此外,該公司成功完成了業務合併,提供了5.68億美元的收益,並向SB Northstar發行了可轉換票據,從而增強了其實現戰略目標的財務靈活性。
BETTER HOME & FINANCE HOLDING(BETR.US)報告了艱難的財政年度,收入大幅下降,淨虧損增加。截至2023年12月31日的財年,該公司的收入爲7,680萬美元,較上一年的3.78億美元大幅下降。下降的主要原因是抵押貸款平台收入減少以及現金優惠計劃收入大幅下降。淨虧損擴大至5.364億美元,而去年的淨虧損爲8.771億美元。儘管出現虧損,但該公司的銷售收益利潤率有所改善,從0.89%增加到2.03%。BETTER HOME & FINANCE HOLDING的業務發展面臨阻力,融資貸款量減少,戰略決策是結束其內部房地產代理業務,轉而與第三方代理商合作。該公司的未來計劃包括繼續投資技術,以改善客戶體驗並通過自動化降低勞動力成本,旨在提高其平台的效率和可擴展性。此外,該公司成功完成了業務合併,提供了5.68億美元的收益,並向SB Northstar發行了可轉換票據,從而增強了其實現戰略目標的財務靈活性。

譯文內容由第三人軟體翻譯。


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