Opendoor managed to increase its revenue and cut its losses in a reassuring sign for investors just a few months after the iBuyer was at risk of being delisted from the stock market. However, the company also said it expects lower acquisition and resale volume for the rest of the year, due to macro-economic factors.
Source: Inman News
Opendoor grows revenue and trims losses in 2nd quarter rally
Published in 2nd quarter earnings, Adjusted EBITDA, Agent-Led Distribution Platform, Carrie Wheeler, Cash Plus Program, EBITDA Profitability, housing market, ibuyer, ibuyers, Key Connections program, Lead Generation, Markets & Economy, meme stock rally, nasdaq, Nasdaq Stock Market, News Brief, offerpad, opendoor, real estate agent, Real Estate Agents, reverse stock split, Select, short squeeze and stock delisting
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