Compass continued to burn cash in the latest quarter but also demonstrated a reduction in operating expenses as the company aims to break even in 2023, Mike DelPrete writes. With a historically high cash burn, Compass needs to cut faster and deeper than most other brokerages.
Source: Inman News
Compass must cut faster and deeper to break even in 2023: DelPrete
Published in Analysis, Brokerage, compass, earnings, mike delprete, profitability and robert reffkin
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