Welcome to our dedicated page for Opendoor Technologies news (Ticker: OPEN), a resource for investors and traders seeking the latest updates and insights on Opendoor Technologies stock.
Opendoor Technologies Inc. (Nasdaq: OPEN) is an e-commerce platform for residential real estate transactions. The Opendoor news feed on Stock Titan brings together company press releases, earnings communications, and regulatory updates so readers can see how the business and its capital structure are evolving over time.
In its own announcements, Opendoor emphasizes a mission to provide a simple and certain way to sell and buy a home across U.S. markets and describes a shift toward operating as a software and AI company within residential real estate. News coverage for OPEN commonly includes updates on leadership changes, such as the appointment of a new Chief Executive Officer, President, and Chief Financial Officer, as well as Board composition changes involving the company’s co-founders.
Investors following OPEN news will also find detailed information on financial results and strategic objectives. The company’s quarterly earnings releases discuss revenue, margins, homes purchased and sold, inventory metrics, and non-GAAP measures, along with management’s stated objectives around scaling acquisitions, improving unit economics and resale velocity, and building operating leverage. These releases often include forward-looking commentary about profitability targets, product launches, and the use of AI to drive operational efficiency.
Another recurring theme in Opendoor’s news is capital markets and shareholder programs. The company has announced a special dividend of tradable warrants (Series K, Series A, and Series Z) to shareholders and certain convertible noteholders, as well as a registered direct offering and related repurchase of convertible notes. Press releases explain the warrant terms, exercise prices, listing tickers (OPENW, OPENL, OPENZ), and early expiration conditions.
Readers can use the OPEN news page to monitor updates on product initiatives like Cash Plus and Key Connections, market expansion plans across the continental United States, litigation and settlement developments, and changes in investor communication formats such as the "Financial Open House" livestream. Bookmark this page to review Opendoor’s official statements and SEC-linked news in one place.
Opendoor Technologies (Nasdaq: OPEN) announced that CEO Carrie Wheeler will speak at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 21, 2024, at 12:45pm PT/3:45pm ET. A live webcast of the presentation will be available at investor.opendoor.com. This announcement highlights Opendoor's active engagement with financial communities and their ongoing efforts to showcase their business model and strategies in residential real estate e-commerce.
Opendoor Technologies Inc. announced the appointment of Eric Feder, President of LENX and a senior executive at Lennar , to its Board of Directors. Feder brings deep industry expertise to the team and his appointment marks a significant milestone in Opendoor's relationship with Lennar. Jason Kilar also announced his resignation from the Board, effective June 14, 2024.
Opendoor Technologies Inc. (Nasdaq: OPEN) reported strong first quarter 2024 financial results, exceeding guidance in revenue, Contribution Margin, and Adjusted EBITDA. The company's market share doubled year-over-year, with industry-leading seller NPS. Opendoor is focused on rescaling the business in 2024, highlighted by a proposed NAR settlement. The company continues to empower consumers in real estate transactions with a simple, certain, and transparent approach.
Key financial highlights include a revenue of $1.2 billion, a gross profit of $114 million, a net loss of $(109) million, and an inventory balance of $1.9 billion. Opendoor also provided second quarter 2024 guidance with revenue projected between $1.4 billion to $1.5 billion and Contribution Profit guidance of $75 million to $85 million, while Adjusted EBITDA is expected to range from $(35) million to $(25) million.
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