Blend Labs Expects Q3 Revenue Of $39.5M-$43.5M Vs. $43.396M Consensus; Sees Net Operating Loss Of $(7.0)M – $(4.0)M
Portfolio Pulse from Benzinga Newsdesk
Blend Labs has provided its Q3 2024 guidance, expecting consolidated revenue between $39.5M and $43.5M, which is below the consensus of $43.396M. The company also anticipates a non-GAAP net operating loss between $(7.0)M and $(4.0)M.
August 09, 2024 | 7:22 am
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Blend Labs has issued Q3 2024 guidance with revenue expected between $39.5M and $43.5M, below the consensus estimate of $43.396M. The company also projects a non-GAAP net operating loss between $(7.0)M and $(4.0)M.
The revenue guidance is below the consensus estimate, which is likely to negatively impact investor sentiment. Additionally, the projected net operating loss further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100