Porch Group

Porch Group, Inc. engages in the development and operation of a vertical software platform. It provides software solutions to home service companies such as home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. The company was founded by Matt Ehrlichman in 2011 and is headquartered in Seattle, WA.

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Earnings data Q4 2024

Porch Group reports Q4 revenue growth, navigates challenges, eyes profitability

Porch Group's Q4 2022 performance reflects revenue growth and strategic advancements despite challenges and weather impacts.
The company's focus on profitability, software growth, and insurance innovations positions it for future success.
Transitioning to a Reciprocal Exchange model in 2023 presents both challenges and opportunities for Porch Group.
Confidence in data advantage, strategic foresight, and operational adjustments highlight Porch Group's competitive positioning.

Porch Group reports strong Q1 revenue growth, eyes profitability in 2023

Porch Group's Q1 2023 performance showed strong revenue growth but faced challenges with an adjusted EBITDA loss due to reinsurance market issues. The company is focused on carefully managing premium growth to drive profitability and anticipates positive adjusted EBITDA in the second half of the year. Opportunities lie in the successful launch of Porch Warranty, securing new financing, and the upcoming Reciprocal Exchange launch.

Porch Group reports revenue growth but faces profitability challenges in Q2 2023

Porch Group's Q2 2023 performance reflects robust revenue growth but challenges in achieving profitability due to weather events, emphasizing the need for strategic risk management and cost control.
Despite facing headwinds, the company's focus on partnerships, multiproduct strategy, and upcoming launches like Porch Insurance positions it well for future growth and market expansion.
Navigating market uncertainties, Porch Group remains optimistic about its ability to build a significant insurance company, leveraging pricing strategies and unique offerings to drive profitability and shareholder value.

Porch Group reports robust Q3 earnings, eyes growth opportunities

Porch Group's Q3 performance reflects strong revenue growth, improved adjusted EBITDA, and resilience in the face of challenges. The company is strategically positioned to capitalize on growth opportunities, leveraging data, expense control, and market recovery. Proactive measures taken in response to market headwinds demonstrate a commitment to long-term success.

Porch Group exceeds Q4 guidance, focuses on profitability and growth

Porch Group delivered strong Q4 2023 results, surpassing revenue and adjusted EBITDA profit guidance, with a focus on strategic initiatives and cost reduction efforts.
The company showcased financial resilience with solid operating cash flow and a robust cash position, driven by successful performance in the insurance sector and key business agreements.
While facing challenges such as wide guidance ranges and seasonal EBITDA loss projections, Porch Group remains positioned for growth through cross-sell opportunities and operational enhancements.
Opportunities lie in capital allocation for growth, organic revenue expansion, and leveraging property data for underwriting advantages, signaling potential for sustained financial success.
Management's emphasis on ongoing profitability focus and risk reduction strategies underscores a commitment to operational excellence and long-term value creation for stakeholders.
Overall, Porch Group's Q4 performance reflects a blend of strengths, challenges, and opportunities, positioning the company for continued growth and financial stability in 2024.

Porch Group excels in Q1 2024 with strong financials and growth strategies

Porch Group's Q1 2024 earnings call highlighted robust financial performance, strategic focus on homeowners insurance and software businesses, effective management of challenges like the Texas hailstorm impact, and promising opportunities for growth through data advantages and upcoming reciprocal exchange launch.

Porch Group reports solid Q2 results amidst weather challenges

Porch Group's Q2 performance showed resilience and progress in key strategic areas.
Challenges from weather events and profitability targets require continued focus.
Opportunities lie in diversification through new products and strategic initiatives.

Porch Group posts robust Q3 results, gears up for insurance launch

Porch Group's Q3 performance reflects resilience and strategic focus amidst challenges, with a strong emphasis on profitability and growth.
The company's strengths lie in technological advancements, diversification through PIRE, and a clear roadmap for entering the insurance market.
Challenges include market dynamics, regulatory uncertainties, and the need for continuous innovation to stay competitive.
Opportunities abound in the upcoming launch of Porch Insurance, premium growth strategies, and investor engagement for future expansion.

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Porch Group, Inc. engages in the development and operation of a vertical software platform. It provides software solutions to home service companies such as home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. The company was founded by Matt Ehrlichman & Ronnie Castro in 2011 and is headquartered in Seattle, WA.

Reciprocal exchange to bolster Porch's plans to enhance capital efficiency and mitigate direct exposure to insurance claims and weather events Reciprocal exchange to bolster Porch's plans to enhance capital efficiency and mitigate direct exposure to insurance claims and weather events

Porch Group files application to form a reciprocal insurance exchange

Porch Group, Inc. (NASDAQ:PRCH ) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET Company Participants Lois Perkins – Head-Investor Relations Matt Ehrlichman – Chief Executive Officer Adam Kornick – President-Insurance Division Shawn Tabak – Chief Financial Officer Matthew Neagle – Chief Operating Officer Conference Call Participants Jason Helfstein – Oppenheimer Dan Kurnos – Benchmark Cory Carpenter – JPMorgan Josh Siegler – Cantor John Campbell – Stephens Ryan Tomasello – KBW Lois Perkins Good afternoon, everyone, and thank you for participating in Porch Group's Full Year 2022 Conference Call. Today, we issued our fourth quarter earnings release and related Form 8-K to the SEC.

Porch Group, Inc. (PRCH) Q4 2022 Earnings Call Transcript

Porch Group, Inc. (PRCH) delivered earnings and revenue surprises of -10.34% and 3.96%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Porch Group, Inc. (PRCH) Reports Q4 Loss, Misses Revenue Estimates

- Reports $64.1 Million of Revenue, Growth of 24% Year-Over-Year

Porch Group Reports Fourth Quarter 2022 Results

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Porch Group Media Delivers Early and Proprietary Access to more than 90% of U.S. Movers and Homeowners, launching the First Media Network to Target Movers and Homeowners  TAMPA, Fla. , Feb. 27, 2023 /PRNewswire/ -- V12, an audience and media solutions provider and subsidiary of   Porch Group (NASDAQ: PRCH), announced its rebrand to Porch Group Media, reflecting its transformation to a provider of proprietary first-party audiences and managed media network solutions offered through the Porch Group Media Network, the first media network to target movers and homeowners with insights into more than 90% of all U.S. homebuyers per year.

V12 Rebrands to Porch Group Media Reflecting Transformation to a Managed Media Network Providing Proprietary First-Party Audiences and Media Capabilities

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We take our first look at Porch Group, Inc., since the Spring of last year. The company continues to rack up losses despite solid revenue growth in FY2022.

The Prognosis For Porch Group In 2023

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Porch (NASDAQ: PRCH ) stock is on the minds of traders today thanks to CEO Matt Ehrlichman agreeing to acquire more shares. According to a filing with the U.S. Securities and Exchange Commission (SEC), Ehrlichman has agreed to acquire an additional $5 million worth of PRCH stock.

CEO Matt Ehrlichman Is Doubling Down on Porch (PRCH) Stock

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SEATTLE--( BUSINESS WIRE )--Porch Group, Inc., (NASDAQ: PRCH) (“Porch Group”), a leading vertical software company reinventing the home services and insurance industries, today announced the launch of the Porch app through its premier home inspection software company, Inspection Support Network (ISN). The app allows inspectors to extend the value of their inspection by offering an interactive way for their clients to manage the information in their inspection reports. Additionally, home inspectors using ISN can use the app to provide more value to their clients, stay top-of-mind after the inspection is complete, and generate additional revenue by promoting ancillary services, including re-inspections, and referrals.

Porch Group's Inspection Support Network Launches App to Enable Homeowners to Easily Manage Their Home Using Their Inspection Report

Porch Group, Inc. (NASDAQ:PRCH ) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Emily Lear – Head-Investor Relations Matt Ehrlichman – Chief Executive Officer Marty Heimbigner – Chief Financial Officer Matthew Neagle – Chief Operating Officer Adam Kornick – President-Insurance Division Malcolm Conner – Vice President and Group General Manager-Warranty Division Conference Call Participants John Campbell – Stephens Jason Helfstein – Oppenheimer Mike Grondahl – Northland Dan Kurnos – Benchmark Justin Ages – Berenberg Danny Pfeiffer – JPMorgan Josh Siegler – Cantor Ryan Tomasello – KBW Emily Lear Good afternoon everyone and thank you for participating in Porch Group's Third Quarter 2022 Conference Call. Today, we issued our third quarter earnings press release and related Form 8-K to the SEC.

Porch Group, Inc. (PRCH) Q3 2022 Earnings Call Transcript

Porch Group, Inc. (PRCH) delivered earnings and revenue surprises of -66.67% and 7.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Porch Group, Inc. (PRCH) Reports Q3 Loss, Lags Revenue Estimates

- Reports $75.4 Million of Revenue, up 20% Year-Over-Year

Porch Group Reports Third Quarter 2022 Results

Tabak, Accomplished Finance Executive, Brings Two Decades of Strategic Technology Industry Focused Experience to Porch Group Tabak, Accomplished Finance Executive, Brings Two Decades of Strategic Technology Industry Focused Experience to Porch Group

Porch Group Appoints Shawn Tabak as new Chief Financial Officer

First Private Media Solution to offer Advanced CTV to Target Actively Shopping Movers and Homeowners Audiences TAMPA, Fla. , Oct. 27, 2022 /PRNewswire/ -- V12, an audience and marketing solutions provider and subsidiary of Porch Group (NASDAQ: PRCH), announced a partnership with Strategus, the innovation leader in OTT/CTV advertising, optimization, targeting, reporting and analysis.

V12, a Porch Group Company, Partners with Strategus to Expand Media Advertising Solution through Connected TV Offering

SEATTLE, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, will hold a conference call and webinar on Tuesday, November 8, 2022, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2022. Financial results will be issued in a press release prior to the call.

Porch Group Sets Third Quarter 2022 Earnings Call for Tuesday, November 8, 2022, at 5:00 pm ET

V12 Identifies New Opportunities for Brands to Engage Movers Across the Move Journey 90% of New Movers Willing to Try New Brands for Moving Goods and Services TAMPA, Fla. , Oct. 11, 2022 /PRNewswire/ -- V12, an audience and marketing solutions provider and subsidiary of Porch Group (NASDAQ: PRCH), today released a report detailing 2022 new mover trends.

V12, a Porch Group Company, Publishes 2022 New Mover Trends Report

SEATTLE--(BUSINESS WIRE)--The Porch Group debuts The Wraparound, a new podcast series spotlighting the home inspection industry.

The Porch Group Debuts The Wraparound, a New Podcast Series Spotlighting the Home Inspection Industry

Appointees Bring Strong Marketing, Direct-to-Consumer and Product Growth Leadership to Porch Group Appointees Bring Strong Marketing, Direct-to-Consumer and Product Growth Leadership to Porch Group

Porch Group Appoints Amanda Reierson and Camilla Velasquez to Board of Directors as Independent Directors

• Nick Graham as Senior Vice President and Group General Manager, Moving Group• Mindy Barker as Chief Financial Officer at Homeowners of America

News for Porch Group Stock (PRCH)