Associated tags: GAAP, Table, Software, Data Management, Internet, NYSE, Box, Video game, Bank, Professional Services, Security, Cryptocurrency
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Bank Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2023 financial results.
Key Points:
- Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2023 financial results.
- “Despite a challenging market environment, Blend has achieved substantial progress on our three strategic priorities over the course of 2023,” said Nima Ghamsari, Head of Blend.
- Total company revenue in 2023 was $156.8 million, composed of Blend Platform segment revenue of $109.5 million and Title segment revenue of $47.3 million.
- Non-GAAP Blend Platform segment gross profit was $77.4 million in 2023, up from $76.3 million in 2022.
Software,
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Applications,
Cloud,
Regulation,
Air force,
Investment,
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Part,
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Parent,
Regulation Fair Disclosure,
Novo Nordisk,
Organization,
Helmy Eltoukhy,
FX,
Marketing,
Disclosure,
RPO,
Square,
GAAP,
Security (finance),
Child,
EPS,
Microsoft,
Environment,
ID,
Cosmetic industry,
Hormel Foods,
CFO,
Japanese yen,
FDA,
Privacy,
Video game Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the fourth quarter and fiscal year 2024, which ended January 31, 2024.
Key Points:
- Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the fourth quarter and fiscal year 2024, which ended January 31, 2024.
- Non-GAAP operating income in the fourth quarter of fiscal year 2024 was $70.1 million, or 26.7% of revenue.
- Non-GAAP diluted net income per share attributable to common stockholders in the fourth quarter of fiscal year 2024 was $0.42.
- Non-GAAP free cash flow in the fourth quarter of fiscal year 2024 was $81.8 million, a 10% increase from non-GAAP free cash flow of $74.7 million in the fourth quarter of fiscal year 2023.
Networks,
Internet,
Data Management,
Technology,
Software,
Cloud,
Sale,
CFO,
RPO,
Privacy,
Research and development,
Research,
Energy efficiency,
Marketing,
Regulation Fair Disclosure,
Idaho National Laboratory,
Growth,
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Organization,
Security (finance),
Great Places,
FX,
Natural Resources Conservation Service,
United States Air Force,
Development,
Customer success,
ID,
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EPS,
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Nottebohm,
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Renewable energy,
American College,
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Human services,
Regulation,
Google Cloud,
VMware,
Video game,
Cryptocurrency,
Tobacco,
Holding company,
Bank,
Nursing,
Film industry,
Fine chemical,
Box,
Bose Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the third quarter of fiscal year 2024, which ended October 31, 2023.
Key Points:
- Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the third quarter of fiscal year 2024, which ended October 31, 2023.
- Billings for the third quarter of fiscal year 2024 were $253.7 million, a 2% decrease, as reported and in constant currency, from billings for the third quarter of fiscal year 2023 of $258.2 million.
- GAAP operating income in the third quarter of fiscal year 2024 was $11.4 million, or 4.4% of revenue.
- Non-GAAP operating income in the third quarter of fiscal year 2024 was $64.6 million, or 24.7% of revenue.
Software,
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Mortgage Bankers Association,
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Blend,
Title,
Platform Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its third quarter 2023 financial results.
Key Points:
- Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its third quarter 2023 financial results.
- “Blend’s third quarter results demonstrate the continued strength of our business model and the promise of our long-term vision.
- “Our third quarter results represent execution on both our revenue and operating loss targets for the third consecutive quarter.
- Blend is providing guidance for the fourth quarter of 2023 as follows:
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AI,
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Tobacco,
Holding company,
Bank,
Nightclub,
Fine chemical,
Risk management,
Block,
Box,
Salesforce Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the second quarter of fiscal year 2024, which ended July 31, 2023.
Key Points:
- Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the second quarter of fiscal year 2024, which ended July 31, 2023.
- Billings for the second quarter of fiscal year 2024 were $232.5 million, a 1% decrease from billings for the second quarter of fiscal year 2023 of $235.0 million, or 1% growth on a constant currency basis.
- Net cash provided by operating activities in the second quarter of fiscal year 2024 was $32.7 million, a 15% increase from net cash provided by operating activities of $28.3 million in the second quarter of fiscal year 2023.
- Non-GAAP free cash flow in the second quarter of fiscal year 2024 was $20.6 million, a 15% increase from non-GAAP free cash flow of $18.0 million in the second quarter of fiscal year 2023.
Banking,
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Platform,
Blend Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its second quarter 2023 financial results.
Key Points:
- Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its second quarter 2023 financial results.
- “Blend’s second quarter results once again beat our top and bottom-line expectations.
- “Blend enters the second half of the year with improving software margins, a significantly lower cost base, and an accelerated path to non-GAAP profitability.
- Blend is providing guidance for the third quarter of 2023 as follows:
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University of Texas Southwestern Medical Center,
Q2,
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Vanderbilt University Medical Center,
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ID,
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Television,
Internet service provider,
Risk management,
Box,
Cloudflare Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the first quarter of fiscal year 2024, which ended April 30, 2023.
Key Points:
- Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the first quarter of fiscal year 2024, which ended April 30, 2023.
- GAAP gross profit for the first quarter of fiscal year 2024 was $190.2 million, or 75.5% of revenue.
- Non-GAAP gross profit for the first quarter of fiscal year 2024 was $196.2 million, or 77.9% of revenue.
- GAAP operating income in the first quarter of fiscal year 2024 was $8.3 million, or 3.3% of revenue.
Software,
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Finance,
Banking,
Data Management,
Professional Services,
Technology,
Fintech,
Partnership,
Navy Federal Credit Union,
Retail banking,
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Builder,
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Mortgage Bankers Association,
BLND,
Consumer,
Environment,
Title,
Network equipment provider,
Bank,
Real estate,
Risk management,
Blend Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2023 financial results.
Key Points:
- Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2023 financial results.
- “Blend’s first quarter results came in ahead of our expectations, led by our strong mortgage customer base, which again outperformed the industry,” said Nima Ghamsari, Head of Blend.
- Beginning with the 2023 fiscal year, Blend has changed the presentation of its revenue results to align with the company’s strategic focus in building out its software business across mortgage origination and consumer banking.
- The Consumer Banking suite reflects the lending, deposit and broader banking technology products that are powered by the Blend Builder platform.
Professional Services,
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Retail banking,
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Mortgage Bankers Association,
GAAP,
Growth,
Consumer,
Total,
Professional services,
Video game,
Real estate,
Cryptocurrency,
Health care,
Blend Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2022 financial results.
Key Points:
- Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2022 financial results.
- Fourth quarter cost of revenue was $28.4 million, down $17.7 million, or 38% year-over-year, primarily reflecting the decrease in Mortgage and Title volume.
- GAAP loss from operations was $75.2 million for the fourth quarter of 2022, compared to $59.9 million in the fourth quarter of 2021.
- Non-GAAP loss from operations was $43.1 million for the fourth quarter of 2022, compared to $38.7 million in the fourth quarter of 2021.
Networks,
Security,
Data Management,
Technology,
Software,
Cloud,
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Security (finance),
Regulation Fair Disclosure,
Salesforce,
EPS,
Regulation,
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Bose Corporation,
Child,
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Sony Music,
Environment,
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ID,
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Video game,
Holding company,
Tobacco,
Beauty salon,
Bank,
Fine chemical,
Box,
Allbirds,
Ashtead Group Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the fourth quarter and fiscal year 2023, which ended January 31, 2023.
Key Points:
- Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the fourth quarter and fiscal year 2023, which ended January 31, 2023.
- Non-GAAP gross profit for the fourth quarter of fiscal year 2023 was $201.3 million, or 78.5% of revenue.
- GAAP operating income in the fourth quarter of fiscal year 2023 was $19.7 million, or 7.7% of revenue.
- Non-GAAP operating income in the fourth quarter of fiscal year 2023 was $66.6 million, or 26.0% of revenue.
