PRCH - Porch Group GAAP EPS of -$0.88 revenue of $75.4M misses by $6.66M
- Porch Group press release ( NASDAQ: PRCH ): Q3 GAAP EPS of -$0.88.
- Revenue of $75.4M (+20.1% Y/Y) misses by $6.66M .
- GAAP net loss for the third quarter of 2022 totaled $86.4 million, compared to a GAAP net loss of $5.1 million for the third quarter of 2021. GAAP net loss was impacted by a $57.1 million goodwill and intangible impairment recorded in the quarter.
- Adjusted EBITDA loss for the third quarter of 2022 totaled $ (13.0) million or -17.2% of total revenue, compared to Adjusted EBITDA of $873 thousand or 1.4% of total revenue for the third quarter of 2021.
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Porch Group GAAP EPS of -$0.88, revenue of $75.4M misses by $6.66M