BLND - Blend Labs: High Growth Potential Despite Taking A Tumble
- The company is a market disruptor, with currently no notable competitors which comes at a risk despite its first mover advantage.
- It currently serves only a small percentage of the market, showing that there is a lot of room for customer expansion.
- Blend has yet to become a profitable company and future valuation shows that the company will not be profitable in at least the next three years.
- In Q3 2021, it grew its year-over-year revenues by 221%, largely due to its acquisition of Title365.
- Going forward, though Blend may not be profitable, its unique position in its sector gives it the opportunity to establish itself as a leader.
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Blend Labs: High Growth Potential Despite Taking A Tumble