EverQuote, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:06 pm EST
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EverQuote, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 55.01 million compared to USD 103.22 million a year ago. Net loss was USD 29.22 million compared to USD 6.45 million a year ago. Basic loss per share from continuing operations was USD 0.87 compared to USD 0.2 a year ago.
For the nine months, sales was USD 232.22 million compared to USD 315.82 million a year ago. Net loss was USD 44.94 million compared to USD 15.92 million a year ago. Basic loss per share from continuing operations was USD 1.36 compared to USD 0.51 a year ago.
EverQuote, Inc. operates an online marketplace for insurance shopping, connecting consumers with insurance provider customers, which includes both carriers and agents. The Companyâs data and technology platform, matches and connects consumers seeking to purchase insurance with relevant options from its network of insurance providers, saving consumers and providers time and money. Its technology platform combines internally developed, third-party and open-source software. Its Websites and supporting services, as well as its development and test environments, are hosted across industry-standard cloud providers, such as Amazon Web Services and Google Cloud Platform. It uses content delivery network solutions for fast, local access to its products. Its insurance provider customers include insurance carriers and third-party insurance agents. Insurance carriers write auto, home and renters, and life insurance policies for consumers directly and through agents.