Opendoor Technologies Inc (OPEN) Q3 2024 Earnings Call Highlights: Surpassing Revenue ... [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
Contribution Margin: 3.8% in the third quarter, above guidance. Adjusted Operating Expenses: $90 million, lower than the $105 million guidance. Adjusted EBITDA Loss: $38 million, better than guidance. Total Capital: $1.2 billion, including $837 million in unrestricted cash and marketable securities. Nonrecourse Asset-Backed Borrowing Capacity: $7 billion, with $2.3 billion committed. Fourth Quarter Revenue Guidance: $925 million to $975 million. Fourth Quarter Contribution Profit Guidance: $15 million to $25 million. Fourth Quarter Adjusted EBITDA Loss Guidance: $70 million to $60 million. Annualized Savings from Reduction in Force: Approximately $50 million. Annualized Savings from Mainstay Separation: $35 million. Restructuring Expenses: Approximately $17 million expected in the fourth quarter. Warning! GuruFocus has detected 8 Warning Signs with OPEN. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the ful
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News
- Winners And Losers Of Q3: Opendoor (NASDAQ:OPEN) Vs The Rest Of The Real Estate Services Stocks [Yahoo! Finance]Yahoo! Finance
- First-time homebuyer statistics: Our 2024 report [USA TODAY]USA TODAY
- General Catalyst and Khosla Ventures back data mapping startup Lume [TechCrunch]TechCrunch
- Opendoor (NASDAQ:OPEN) Beats Q3 Sales Targets But Quarterly Guidance Underwhelms [Yahoo! Finance]Yahoo! Finance
- Opendoor Announces Third Quarter of 2024 Financial ResultsGlobeNewswire
OPEN
Earnings
- 11/7/24 - Beat
OPEN
Sec Filings
- 11/21/24 - Form 4
- 11/18/24 - Form 144
- 11/12/24 - Form 3
- OPEN's page on the SEC website