Earnings Call Summary | Better Home & Finance(BETR.US) Q4 2023 Earnings Conference
Earnings Call Summary | Better Home & Finance(BETR.US) Q4 2023 Earnings Conference
The following is a summary of the Better Home & Finance Holding Company (BETR) Q4 2023 Earnings Call Transcript:
以下是Better Home & Finance Holding Company（BETR）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Year 2023 ended with approximately $554 million in cash, restricted cash, and short-term investments for Better Home & Finance Holding Company (BETR).
BETR has reported a reduction of total expenses by 71% from last year.
The annual revenue for 2023 was around $77 million, while a funded loan volume was $3 billion.
For Q4 2023, the company generated revenue just shy of $10 million and $527 million in loan volume.
The company reported an adjusted EBITDA loss of roughly $163 million for the year.
An improvement of approx 39% year-over-year was reported in net loss.
2023年底，Better Home & Finance Holding Company（BETR）獲得了約5.54億美元的現金、限制性現金和短期投資。
BETR報告說，總支出比去年減少了71％。
2023年的年收入約爲7700萬美元，而融資貸款額爲30億美元。
2023年第四季度，該公司創造的收入略低於1000萬美元，貸款額爲5.27億美元。
該公司報告稱，該年度調整後的息稅折舊攤銷前利潤虧損約爲1.63億美元。
淨虧損同比增長約39％。
Business Progress:
業務進展：
Company was listed on NASDAQ in 2023's third quarter.
Continued investments were made in proprietary technology for competitive advantage.
Expenses across the board have been reduced, paving the way for increased profit margins.
The year 2024 will witness the company leaning into market growth, increased operational efficiency, and acquiring new partners for expansion.
Proprietary AI tool, Tinman, leads the way in launching new mortgage products, maintaining a competitive edge and improving efficiency.
Scaling operations and customer acquisitions are key plans for 2024.
The company aims at product diversification especially in the HELOC sector.
Strong market presence evidenced by increasing prices over 2023 and Q1, and improving gain on sale margins.
More than 50% of the previous quarter's revenue came from B2B partnerships, with room for expansion.
Significant efforts are made to automate the loan procedure with a focus on zero customer acquisition cost via B2B relationships.
公司於2023年第三季度在納斯達克上市。
爲了獲得競爭優勢，對專有技術進行了持續的投資。
全面減少了支出，爲提高利潤率鋪平了道路。
2024年，公司將傾向於市場增長，提高運營效率，並收購新的合作伙伴進行擴張。
專有的人工智能工具Tinman在推出新的抵押貸款產品、保持競爭優勢和提高效率方面處於領先地位。
擴大運營和獲取客戶是2024年的關鍵計劃。
該公司的目標是產品多元化，尤其是在HELOC領域。
強勁的市場佔有率體現在2023年和第一季度價格的上漲以及銷售利潤率的提高上。
上一季度收入的50％以上來自B2B合作伙伴關係，還有擴張的空間。
通過B2B關係實現貸款程序的自動化，重點是實現零客戶獲取成本。
More details: Better Home & Finance IR
更多詳情： 更好的家居與金融投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。