Reports Q4 revenue $96M, consensus $81.08M. Reports retained premiums and fees of $35 million, down 17% versus Q3 2022; Gross profit of $9 million, up 25% versus Q3 2022. "We are now seeing the tangible benefits of the significant actions we took last year to protect our bottom line and to achieve our industry transforming vision," said Max Simkoff, CEO of Doma. "Given the rapid rise in both mortgage rates and home prices we experienced last year, it’s no surprise that we’ve seen a resultant unprecedented decline in home affordability impacting virtually everyone across the country. As we head into 2023, we are uniquely positioned to provide cost-effective solutions to home owners and prospective home owners via our proven instant underwriting platform, ultimately alleviating home affordability challenges."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DOMA:
