Blend Labs: Q2 Earnings Snapshot

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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Blend Labs Inc. (BLND) on Thursday reported a loss of $20.9 million in its second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 9 cents. Losses, adjusted for stock option expense and to extinguish debt, were 2 cents per share.

The cloud-based platform for financial companies posted revenue of $40.5 million in the period.

For the current quarter ending in September, Blend Labs said it expects revenue in the range of $39.5 million to $43.5 million.

In the final minutes of trading on Thursday, the company's shares hit $2.69. A year ago, they were trading at $1.26.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLND at https://www.zacks.com/ap/BLND