Blend Labs: Fourth Quarter Financial Results Overview

Blend Labs Inc. Announces Fourth Quarter Financial Results

Blend Labs Inc., headquartered in Novato, California, disclosed a net loss of $2.6 million for its fourth quarter.

The company reported a per-share loss of 3 cents. When excluding costs related to stock options and amortization, the adjusted loss per share was less than 1 cent.

During the quarter, the financial technology firm generated $32.4 million in revenue.

Looking at the full year, Blend Labs managed to reduce its annual loss to $6.9 million, or 10 cents per share, with total revenue reaching $123.5 million.

For the upcoming quarter ending in March, the company anticipates revenue will fall between $28.5 million and $30 million.

At the close of trading on Tuesday, Blend Labs shares were priced at $1.61, compared to $3.19 at the same time last year.