Blend Labs reports Q3 adjusted EPS 0c, consensus 1c

Reports Q3 revenue $32.9M, consensus $32.8M. “In the third quarter, we signed 14 new deals and expansions including a seven-figure expansion with a top 20 bank and a major renewal and expansion with a consumer banking customer across six product lines,” said Nima Ghamsari, Co-founder and Head of Blend. “When I look at the macro environment finally showing signs of life-particularly the potential for lower rates-and combine it with the specific momentum we are generating ourselves, I have never been more excited about our business.”