BLND - Blend Labs GAAP EPS of -$0.35 misses by $0.11 revenue of $42.79M misses by $2.15M
2023-03-16 16:08:32 ET
- Blend Labs press release ( NYSE: BLND ): Q4 GAAP EPS of -$0.35 misses by $0.11 .
- Revenue of $42.79M (-47.2% Y/Y) misses by $2.15M .
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Fourth quarter GAAP gross profit was $14.4 million, down $20.5 million, or 59% year-over-year. Current period gross profit includes $13.1 million attributable to Blend Platform and $1.3 million attributable to Title365.
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Fourth quarter non-GAAP gross profit was $15.0 million, down $20.0 million, or 57% year-over-year. Current period non-GAAP gross profit includes $13.6 million attributable to Blend Platform and $1.4 million attributable to Title365.
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GAAP loss from operations was $75.2 million for the fourth quarter of 2022, compared to $59.9 million in the fourth quarter of 2021.
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Non-GAAP loss from operations was $43.1 million for the fourth quarter of 2022, compared to $38.7 million in the fourth quarter of 2021.
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Blend Labs GAAP EPS of -$0.35 misses by $0.11, revenue of $42.79M misses by $2.15M