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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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.

All Claims by Former Owners of Kandela LLC Against Porch Group Denied by Arbitrator All Claims by Former Owners of Kandela LLC Against Porch Group Denied by Arbitrator

Porch Group Prevails in Lawsuit

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Porch Group's, Rynoh, Launches Highly-Anticipated Escheatment Software Module

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SEATTLE, May 31, 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, is pleased to announce the appointment of three key members to its management team. These additions to the Porch Group leadership team provide strategic guidance to the Company's ongoing corporate development and drive innovative value across several of the organizations departments.

Porch Group Adds to its Leadership Team with Noteworthy Hires

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SEATTLE, May 18, 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, announced today that Matt Ehrlichman, Founder, Chairman and CEO of Porch Group, has purchased 273,128 shares of Porch Group common stock for a total purchase price of approximately $1 million. The shares were purchased on the open market May 12, 2022. This purchase is incremental to Mr. Ehrlichman's recent prior open market purchase of approximately $1 million of the Company's common stock on March 17, 2022. As a result of both purchases, Mr. Ehrlichman beneficially owns approximately 18.1 million shares, representing approximately 17.8% of the total outstanding shares of Porch Group common stock.

Porch Group Announces Insider Open-Market Stock Purchases

Porch Group Inc - Class A (NASDAQ:PRCH ) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Participants Walter Ruddy - Head, Investor Relations & Treasury Matt Ehrlichman - Chief Executive Officer, Chairman & Founder Marty Heimbigner - Chief Financial Officer Matthew Neagle - Chief Operating Officer Adam Kornick - President of InsurTech Division Conference Call Participants John Campbell - Stephens Jason Helfstein - Oppenheimer Ryan Tomasello - KBW Ygal Arounian - Wedbush Justin Ages - Berenberg Dan Kurnos - Benchmark Mark Schappel - Loop Ben Sherlund - Cantor Mike Grondahl - Northland Walter Ruddy Good afternoon, everyone. And thank you for participating in Porch Group's First Quarter 2022 Conference Call.

Porch Group Inc - Class A (PRCH) CEO Matt Ehrlichman on Q1 2022 Results - Earnings Call Transcript

Reports $62.6 Million of Revenue, up 134% Year-Over-Year

Porch Group Reports First Quarter 2022 Results; Affirms 2022 Guidance

Shares of home services and InsurTech platform Porch Group have fallen by over 80% since mid-November 2021, as the market continues to shun unprofitable high-growth businesses. The company grew its revenue 166% in FY21 – driven largely by acquisitions – but won't be profitable until 2H23.

Porch Group: Another SPAC Debacle

SAN FRANCISCO--(BUSINESS WIRE)-- #CPG--Dena Singleton Appointed Chief Human Resources Officer at Trax.

Dena Singleton Appointed Chief Human Resources Officer at Trax

SEATTLE, April 04, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services industry, successfully completed its previously announced acquisition of the home warranty and inspection software and services businesses from Residential Warranty Services (RWS) on April 1, 2022. The acquisition further enhances Porch's ability to add value to home inspectors and enhances full home warranty capabilities.

Porch Group Closes Residential Warranty Services (RWS) Acquisition, Strengthening Market-Leading Position in the Strategic Home Inspection Industry

SEATTLE, March 28, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services industry, today announced that Matt Ehrlichman, Porch Founder, Chairman, and CEO, alongside the broader leadership team, will participate in the Opening Bell Ceremony at the Nasdaq MarketSite in New York on Monday, March 28, 2022, at 9:30 a.m. ET. Porch began trading on Nasdaq on December 24, 2020, under the symbol “PRCH,” but was unable to mark the occassion with a live event due to the COVID-19 pandemic.

Porch Group to Ring Nasdaq Opening Bell

Independent Board Members Select Regi Vengalil as Lead Independent Director Independent Board Members Select Regi Vengalil as Lead Independent Director

Porch Group Appoints Sean Kell to Board of Directors as Independent Director

- Filed Annual Report on Form 10-K on March 16, 2022 -

Porch Group Reports Fourth Quarter and Full Year 2021 Audited Financial Results

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Porch Group, Inc. (“Porch Group” or the “Company”) (NASDAQ: PRCH) on behalf of Porch Group stockholders. Our investigation concerns whether Porch Group has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. Porch Group is a vertical software platform for the home,

PORCH ALERT: Bragar Eagel & Squire, P.C. is Investigating Porch Group, Inc. on Behalf of Porch Group Stockholders and Encourages Investors to Contact the Firm

SEATTLE, March 08, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services industry, today announced a training partnership with ATI Home Inspector Training (“ATI”), one of the largest and only family owned national home inspector training schools. Through the partnership, ATI Home Inspector Training will provide graduates with a Porch software package to jumpstart their businesses, providing the necessary technology infrastructure to grow and scale.

Porch Group Announces Partnership with ATI Home Inspector Training

NEW YORK--(BUSINESS WIRE)---- $PRCH--The law firm of Kirby McInerney LLP is investigating potential claims against Porch Group, Inc. (“Porch Group” or the “Company”) (NASDAQ: PRCH). The investigation concerns whether Porch Group has violated the federal securities laws and/or engaged in other unlawful business practices. Porch Group is a vertical software platform for the home, providing software and services to home services companies. On March 1, 2022, after the market closed, Porch Group disclosed tha

Kirby McInerney LLP Announces an Investigation of Shareholder Claims on Behalf of Porch Group, Inc. (PRCH) Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Porch Group Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On April 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report alleging that Porch concealed or obscured numerous business activities between 2017 and 202

The Law Offices of Frank R. Cruz Continues Its Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Porch Group Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) investors concerning the Company's possible violations of federal securities laws. On April 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report alleging that Porch concealed or obscured numerous business activities between 2017 and 2021 and faked a non-existent partnership service. Spruce Point asserted that P

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Porch Group Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Porch investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact i

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Its Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

Porch Group, Inc.'s (PRCH) CEO Matt Ehrlichman on Q4 2021 Results - Earnings Call Transcript

- Reports $192.4 Million of Full Year 2021 Revenue, up 166% Year-Over-Year -

Porch Group Reports Fourth Quarter and Full Year 2021 Financial Results

Third Expansion of Homeowners Insurance Services This Year in Ongoing Nationwide Expansion Third Expansion of Homeowners Insurance Services This Year in Ongoing Nationwide Expansion

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Missouri

SEATTLE, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” 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, March 1, 2022 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2021. Financial results will be issued in a press release prior to the call.

Porch Group Sets Fourth Quarter and Full Year 2021 Earnings Call for Tuesday, March 1, 2022 at 5:00 p.m. ET

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News for Porch Group Stock (PRCH)