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Porch(PRCH) - 2024 Q2 - Quarterly Results
2024-08-06 20:17
Exhibit 99.1 Porch Group Reports Second Quarter 2024 Results Solid performance in the second quarter SEATTLE, August 6, 2024 (BUSINESS WIRE) – Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today reported second quarter results through June 30, 2024, with total revenue of $110.8 million, which increased 12% compared to the prior year. GAAP net loss was $64.3 million, an improvement of $22.6 million compared to the prior year, and Adj ...
Porch Group (PRCH) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-07-24 17:00
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Porch Group imply an improvement in the company's underly ...
Porch Group: Insurance Margin Expansion To Drive Upside Potential
seekingalpha.com· 2024-05-27 09:00
It has been almost a year since my first coverage of Porch Group (NASDAQ:PRCH), a company developing vertical software platforms and services to home service industries. I rated the stock neutral at the time, and with the stock currently trading at $2.3, up over 62% since my first coverage, it appears that I might have underestimated PRCH. Nonetheless, despite the very strong 76% price appreciation since last year, YTD performance has been underwhelming. YTD, PRCH is currently down -24% despite having reach ...
Porch(PRCH) - 2024 Q1 - Earnings Call Transcript
2024-05-09 00:52
Porch Group, Inc. (NASDAQ:PRCH) Q1 2024 Results Conference Call May 8, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - CEO, Chairman, and Founder Shawn Tabak - Chief Financial Officer Matthew Neagle - Chief Operating Officer Efram Ware - President and General Manager, Homeowners of America Conference Call Participants Jonathan Bass - Stephens Ryan Tomasello - KBW Mark Schappell - Loop Capital Markets Lois Perkins Good afternoon. Everyone, and thank you for participat ...
Porch(PRCH) - 2024 Q1 - Quarterly Report
2024-05-08 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to Commi ...
Porch(PRCH) - 2024 Q1 - Quarterly Results
2024-05-08 20:22
Porch Group Reports First Quarter 2024 Results Strong operating execution in Q1, increasing full year Adjusted EBITDA Guidance SEATTLE, May 8, 2024 (BUSINESS WIRE) – Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today reported first quarter results through March 31, 2024, with total revenue of $115.4 million, which increased 32% compared to the prior year. GAAP net loss was $13.4 million, an improvement of $25.4 million compared to ...
Porch(PRCH) - 2023 Q4 - Annual Report
2024-03-15 18:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39142 PORCH GROUP, INC. (Exact name of registrant as specified in its charter) (State of Other Jurisdiction of incorporation or Organization) (I.R.S. Employer ...
Porch(PRCH) - 2023 Q4 - Earnings Call Presentation
2024-03-08 06:53
Q3'22: Secure & Pay bundle Adj EBITDA (loss) ($m) Homeowners insurance differentiators Group Copyright 2024 Porch Group, Inc. All rights reserved 36 Term Definition Top Tier SaaS 2023 Metrics (1) Industry volumes includes new and existing home sales and refinancing volumes. (2) These are assumptions based on current information available. Strategy & Outlook Porch: A New Kind of Homeowners Insurance Company Copyright 2024 Porch Group, Inc. All rights reserved ● Unique data and CAC opportunity driven by strat ...
Porch(PRCH) - 2023 Q4 - Earnings Call Transcript
2024-03-08 05:37
Porch Group, Inc. (NASDAQ:PRCH) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - Chief Executive Officer, Chairman and Founder Shawn Tabak - Chief Financial Officer Matthew Neagle - Chief Operating Officer Jim Weld - General Manager, Rynoh Conference Call Participants Daniel Kurnos - Benchmark Company John Campbell - Stephens Josh Siegler - Cantor Fitzgerald Danny Pfeiffer - JPMorgan Ryan Tomasello - KBW Jason Kreyer - Craig-H ...
Porch(PRCH) - 2023 Q3 - Earnings Call Transcript
2023-11-08 03:35
Porch Group, Inc. (NASDAQ:PRCH) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants Lois Perkins - Head, IR Matt Ehrlichman - CEO, Chairman and Founder Shawn Tabak - CFO Matthew Neagle - COO Conference Call Participants Daniel Kurnos - Benchmark John Campbell - Stephens Jason Helfstein - Oppenheimer Josh Siegler - Cantor Fitzgerald Jason Kreyer - Craig-Hallum Capital Group Lois Perkins Good afternoon, everyone, and thank you for participating in Porch Group’s Third Quarter 2023 ...