Offerpad Reports Fourth Quarter and Full Year 2023 Results
Offerpad Solutions Inc. Class A (OPAD)
Company Research
Source: Business Wire
Q4 2023 revenue of $240.5 million up sequentially and in-line with guidanceFull year 2023 revenue of $1.3 billionReiterates expectation to achieve sustainable Adjusted EBITDA profitability in 2024 CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended and full year December 31, 2023.“We successfully navigated 2023 from a position of operational excellence,” said Brian Bair, chairman and CEO. “During the year, we acted decisively to streamline the business and reduce costs, setting us up to drive improved top line growth and profitability in 2024 and beyond. At the same time, our team remains focused on leveraging our foundational cash offering to grow Offerpad’s asset light services and diversify our revenue streams.“Looking at 2024, we will continue to prioritize our strategic imperatives, which include removing the friction from re
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News
- Offerpad Solutions Inc. (OPAD) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- Offerpad to Release First Quarter Results on May 6thBusiness Wire
- Offerpad Solutions Inc. (NYSE: OPAD) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $12.00 price target on the stock.MarketBeat
- Offerpad Sponsors IMN’s Single Family Rental Forum East and West to Deliver a Solutions Center for AllBusiness Wire
- Offerpad, Irsa Inversiones Y Representaciones, Safe and Green Development among real estate movers [Seeking Alpha]Seeking Alpha
OPAD
Earnings
- 2/26/24 - Miss
OPAD
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- OPAD's page on the SEC website