Reports Q4 revenue $42.8M, consensus $44.92M. "Blend navigated a challenging 2022, outperforming a rapidly declining mortgage origination market, taking actions to significantly reduce our cost structure, and introducing composable origination with our evolved Blend Builder Platform that will accelerate our vision of digitally transforming banking," said Nima Ghamsari, Head of Blend. "In 2023, we have three strategic priorities: deliver on our cost reduction objectives, enhance the value we provide to our mortgage customers, and drive adoption of our Blend Builder Platform. Amidst an ongoing uncertain period for our industry, we’re pleased with our execution on what remains in our control, and are supported by a solid capital position underpinning our growth plans."
Published first on TheFly
