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United Homes Group, Inc. Reports Fourth Quarter and Full Year 2024 Results

1. UHG reported a net income of $0.7 million for Q4 2024. 2. The company incurred significant non-cash losses impacting its financials.

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-0.65%S&P 500
$3.5703/12 07:49 AM EDTEvent Start
$3.32503/13 02:19 PM EDTLatest Updated
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FAQ

Why Bearish?

UHG's substantial non-cash losses indicate financial instability, similar to previous downturns for companies facing high convertible debt issues, which often leads to market pessimism.

How important is it?

The financial results; especially the significant losses, can cause immediate investor concern and influence UHG's stock performance.

Why Short Term?

Immediate financial results typically affect stock prices. The market is likely to react negatively in the short term due to this report.

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NOVBBBYXOM
COLUMBIA, S.C.--(BUSINESS WIRE)--United Homes Group, Inc. (the “Company”) (NASDAQ: UHG) today announced results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Operating Results For the fourth quarter 2024, net income was $0.7 million, or $0.01 per diluted share, which included a predominantly non-cash loss on extinguishment of Convertible Notes of $45.6 million, and change in fair value of derivative liabilities of $38.0 million, with that change primarily d.

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