Porch Group, Inc. (PRCH) Misses Q2 EPS by 43c, beats revenue, reiterates guidance

Porch Group, Inc. (NASDAQ: PRCH) reported Q2 EPS of ($0.91), $0.43 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $98.8 million versus the consensus estimate of $85.86 million.

2023 Guidance
Revenue ~$330m to $350m>20% YoY (unchanged)
Revenue Less Cost of Revenue ~$145m to $160m(previously: ~$170m to $180m)
Adj. EBITDA1 ~$(65)m to $(50)m(previously: ~$(40)m to $(30)m)
2023 Gross Written Premium2 ~$500m(unchanged)

For earnings history and earnings-related data on Porch Group, Inc. (PRCH) click here.

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