BLND - Blend Labs: Still Navigating A Challenging Housing Market

2024-03-05 14:30:41 ET

Summary

• Blend Labs, Inc. is tracking to significantly reduce losses in FY2023 and further decrease losses in FY2024.
• Blend Labs cost cutting efforts have resulted in significantly improved margins and much lower quarterly cash burn rates even as revenues declined in FY2023.
• Sales growth is projected to return in FY2024 it should be noted.  An updated analysis around Blend Labs follows in the paragraphs below.

There are no facts, only interpretations. ”? Friedrich Nietzsche.

It has been nearly one year since our last article on Blend Labs, Inc. ( BLND ). The company is tracking to cutting losses significantly in FY2023 even on falling sales growth. Losses are expected to fall further in FY2024 as sales growth is projected to return as well. We update our analysis around "Busted IPO" Blend Labs below....

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