$4.405
-0.074 (-1.67%)At close
OPAD News
OPAD Events
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."
Offerpad Solutions Trading Halted
Offerpad Solutions trading halted, volatility trading pause
Offerpad Solutions to Effect 1-for-10 Reverse Stock Split
Offerpad Solutions will effect a 1-for-10 reverse stock split of its Class A common stock, par value $0.0001 per share expected to become effective on June 8. The company expects that its common stock will open for trading on the NYSE on a reverse split-adjusted basis on June 9 under the existing trading symbol "OPAD" with new CUSIP number 67623L 505. The reverse stock split is intended to increase the per share trading price of the common stock to satisfy the price requirements for continued listing on the NYSE. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the company's equity.
Sees Q2 Adjusted EBITDA Up Sequentially
Sees Q2 adjusted EBITDA up sequentially.
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