Finance of America panies (FOA) - 2023 Q2 - Earnings Call Transcript

On a continuing operations basis, we recorded GAAP net loss of 221 million or $0.91 per basic share in Q2, driven primarily by negative impact of rates and spreads during the quarter. On an adjusted basis, we recognize a loss of 26 million or $0.12 per fully diluted share, as the growth in volume and a reverse business does not yet fully offset the increased costs of the expanded operational infrastructure as we integrate the AAG platform. We continue to manage our business with discipline and focus on our ...