LONDON (dpa-AFX) - Blend Labs, Inc (..) reported Loss for fourth quarter
that decreased from last year in line with the Street estimates.

The company's bottom line totaled -$31.81 million, or -$0.13 per share. This
compares with -$82.71 million, or -$0.35 per share, in last year's fourth
quarter.

Excluding items, Blend Labs, Inc reported adjusted earnings of -$21.62 million
or -$0.09 per share for the period.

Analysts on average had expected the company to earn -$0.09 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 15.6% to $36.10 million from $42.79
million last year.

Blend Labs, Inc earnings at a glance (GAAP) :

-Earnings (Q4): -$31.81 Mln. vs. -$82.71 Mln. last year.
-EPS (Q4): -$0.13 vs. -$0.35 last year.
-Revenue (Q4): $36.10 Mln vs. $42.79 Mln last year.

-Guidance:
Next quarter revenue guidance: $32.5 - $35.5 Mln


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