Blend Labs Full Year 2022 Earnings: EPS Misses Expectations

Blend Labs (NYSE:BLND) Full Year 2022 Results

Key Financial Results

• Revenue: US$235.2m (flat on FY 2021).
• Net loss: US$768.6m (loss widened by 349% from FY 2021).
• US$3.28 loss per share (further deteriorated from US$1.30 loss in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blend Labs EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 33% from a week ago.

Risk Analysis

Be aware that Blend Labs is showing 4 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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