Q1 2024 revenue of $285 million at the high end of guidance, up sequentially for third consecutive quarter with gross profit up 210% annually
Record-breaking quarter for Offerpad Renovate
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Technology real estate company Opendoor (NASDAQ:OPEN) announced better-than-expected results in Q4 FY2023, with revenue down 69.5% year on year to $870 million. On the other hand, next quarter's revenue guidance of $1.08 million was less impressive, coming in 99.9% below analysts' estimates. It made a GAAP loss of $0.14 per share, improving from its loss of $0.74 per share in the same quarter last year.