Better Results Presentation Deck
Q4 2023 Outlook
Disciplined execution in a tough market
Key Expectation
●
Continued disciplined cost management to withstand duration of cycle
Several one-time de-SPAC deal related expenses in Q3 included in
Total Expenses, Net Loss, and Adjusted EBITDA
Continued cautious marketing spend to prioritize
profitability combined with seasonally slow period
Increasing spend on HELOC marketing
Continued investment in Tinman and purchase product offerings
Continued investments in real estate agent relationships
Continued focused on adding Mortgage-as-a-Service partners
Better
Impacted Q4 Metric versus Q3
Total Expenses
Funded Loan Volume
HELOC Volume
Conversion
MaaS Prospects
↓
↑
Well Capitalized and Positioned for the Future
~$500 million
in Q4 '23
We expect Q4 2023 Adjusted EBITDA to improve vs. Q3, but continue to expect a loss
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