$2.120
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Noticias de OPAD
Eventos de OPAD
Offerpad Solutions Sees Q4 Revenue of $100M-$120M
Offerpad Solutions sees Q4 revenue $100M-$120M, consensus $139.6M
Q3 Revenue at $78.1M, Down 40% Year-over-Year
Reports Q3 revenue $78.1M vs. $132.7M last year. "Mortgage rates rose more than 70 basis points from mid-August to early October, putting additional pressure on housing affordability and slowing buyer demand," said Brian Bair, CEO. "As homes took longer to sell, we adjusted our acquisition criteria to require higher expected returns and became more selective about new purchases, while serving more sellers through Cash Offer Marketplace and Brokerage Services. Having multiple ways to serve homeowners gives us flexibility to keep growing transactions while maintaining capital discipline."
Offerpad Solutions Appoints Benjamin Graboske to Board of Directors
Offerpad Solutions announced the appointment of Benjamin Graboske to its Board of Directors. Graboske will serve on the company's Nominating and Corporate Governance Committee. He recently served as Executive Vice President of Technology & Engineering and Chief Data Officer at Definitive Healthcare.
Sees Q3 Adjusted EBITDA Up Sequentially
Sees Q3 adjusted EBITDA up sequentially.
Offerpad Reports Q2 Revenue of $78M, Below Expectations
Reports Q2 revenue $78M, consensus $85.2M. "For the past year, we've been executing against one clear operating framework, built around three objectives: disciplined transaction growth, expanding contribution margin, and operating leverage. That work is showing up now - the buying engine is back on, and every home we acquire reflects the discipline we built this business on," said Brian Bair, Chairman and Chief Executive Officer of Offerpad. "The progress is reflected in our second quarter results, with contract signings nearly doubling within the quarter, while demand remained consistent. We expect that momentum to move through the transaction cycle and into future closings, and believe the operating leverage built into the business becomes increasingly evident."
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