Offerpad Solutions Inc (OPAD) Q3 2024 Earnings Call Highlights: Navigating Market Challenges ... [Yahoo! Finance]
Offerpad Solutions Inc. Class A (OPAD)
Company Research
Source: Yahoo! Finance
Renovate Revenue: Over $4 million in Q3, $14 million year-to-date. Inventory: 796 homes, 10.9% owned over 180 days. Home Acquisitions: 422 homes in Q3, down 49% from Q2. Gross Margin: 8.2% in Q3. Operating Expenses: $19.2 million, improved by $4.9 million from prior quarter. Adjusted EBITDA Loss: $6.2 million, 53% improvement year-over-year. Unrestricted Cash: $49 million at the end of Q3. Q4 Revenue Guidance: $160 million to $185 million. Homes Sold Guidance for Q4: 480 to 540 homes. Warning! GuruFocus has detected 5 Warning Signs with OPAD. Release Date: November 04, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Offerpad Solutions Inc ( NYSE:OPAD ) delivered revenue at the top of their guidance, driven by a diverse mix of products. The company has achieved asset-light growth, now making up 30% of the total contribution margin after interest. Offerpad Solutions Inc ( NYSE:OPAD ) has made significa
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OPAD
News
- US$3.91: That's What Analysts Think Offerpad Solutions Inc. (NYSE:OPAD) Is Worth After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- Offerpad Solutions Inc. (NYSE: OPAD) had its price target lowered by analysts at Keefe, Bruyette & Woods from $3.75 to $3.15. They now have a "market perform" rating on the stock.MarketBeat
- Offerpad Reports Third Quarter 2024 ResultsBusiness Wire
- Offerpad Solutions Inc. (NYSE: OPAD) had its price target lowered by analysts at Jefferies Financial Group Inc. from $3.50 to $3.00. They now have a "hold" rating on the stock.MarketBeat
- Offerpad to Release Third Quarter Results on November 4thBusiness Wire
OPAD
Earnings
- 11/4/24 - Miss
OPAD
Sec Filings
- 11/14/24 - Form SC
- 11/4/24 - Form 10-Q
- 11/4/24 - Form 8-K
- OPAD's page on the SEC website