SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Blend Labs Inc. (BLND) on Thursday reported a loss of $31.8 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 13 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 9 cents per share.

The cloud-based platform for financial companies posted revenue of $36.1 million in the period.

For the year, the company reported that its loss narrowed to $185.3 million, or 76 cents per share. Revenue was reported as $156.8 million.

For the current quarter ending in March, Blend Labs said it expects revenue in the range of $32.5 million to $35.5 million.

In the final minutes of trading on Thursday, the company's shares hit $2.35. A year ago, they were trading at $1.49.

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