Porch Group, three weeks public, buys Homeowners of America for $100M, reports $53–$55M 2020 loss and boosts 2021 revenue outlook to $170M

Three weeks after its Dec. 24 public debut via SPAC, Porch Group announced four acquisitions — including a $100 million deal for Homeowners of America — raised its 2021 revenue outlook to $170M, and reported a preliminary 2020 net loss of $53–$55M, about $20M worse than prior guidance.

MMatt Ehrlichman