Doma Holdings Inc. (DOMA) Misses Q1 EPS by 5c
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Doma's Q1 2022 Results Show Continued Market Share Gains Fueled by Tech-Driven Value Creation in Refinance, Despite Mortgage Market Headwinds
May 10, 2022 4:10 PM EDTManagement reaffirms commitment to achieving EBITDA profitability in 2023 as the company continues to focus on delivering differentiated value to the home purchase market
First Quarter 2022 Business Highlights(1):
Market share of 1.4%, up 40% versus Q1 2021(2) Total revenues of $112 million, down (12)% versus Q1 2021 Retained premiums and fees of $52 million, down (10)% versus Q1 2021 Gross profit of $7 million, down (73)% versus Q1 2021 Adjusted gross profit of $10 million, down (64)% versus Q1 2021 Closed orders down (16)% versus Q1 2021, Enterprise closed orders up 38% versus Q1 2021 Open orders down (14)% versus Q1 2021... More
