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 (OPEN) provides a digital-first approach to residential real estate transactions through its innovative buying and selling platform. This news hub delivers essential updates for tracking the company's market position and strategic direction.
Access curated press releases and financial announcements including quarterly earnings reports, property acquisition strategies, and technology partnerships. Investors will find timely information about operational milestones, market expansion initiatives, and leadership updates that shape Opendoor's role in transforming real estate sector.
Our collection features verified updates on home pricing innovations, digital transaction enhancements, and regulatory developments affecting the proptech industry. Content is organized chronologically to help users track evolving business priorities and industry trends.
Bookmark this page for streamlined access to Opendoor's official communications. Combine regular monitoring with broader market analysis to inform your understanding of this real estate technology innovator.
Opendoor Technologies Inc. (Nasdaq: OPEN) reported its first quarter 2022 results, achieving a historic revenue of $5.2 billion, a 590% increase year-over-year. The company sold 12,669 homes, up 415% from 1Q21, and recorded a gross profit of $535 million, marking a 452% rise. For the first time, Opendoor reported a positive net income of $28 million, compared to a loss of $(270) million in 1Q21. Outlook for 2Q22 includes revenue guidance of $4.1 billion - $4.3 billion and Adjusted EBITDA guidance of $170 million - $190 million.
The Pulte Family has invested $2.45 million in OpenDoor, aiming to enhance the efficiency of the housing marketplace. OpenDoor is recognized for its innovative approach to connecting buyers and sellers in the housing industry. A representative from the Pulte Family highlighted the potential for growth in technology adoption within homebuilding, underscoring OpenDoor's position to capitalize on this trend. Additionally, the Pulte Family retains the ability to manage their securities actively, which may impact their investment strategy in the future.
Opendoor Technologies Inc. (Nasdaq: OPEN) will report its first quarter 2022 financial results on May 5, 2022, after market close. A conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. The earnings call will be accessible via a live webcast on the investor relations website. Following the call, an archived version will be available for one year. Opendoor aims to simplify the home buying, selling, and trading process, serving an expanding market across the U.S.
Opendoor Technologies Inc. (Nasdaq: OPEN) reported impressive financial results for Q4 and full year 2021, highlighting a 211% revenue growth year-on-year, totaling $8.0 billion. The company sold 21,725 homes, a 119% increase, with a gross profit of $730 million and a gross margin of 9.1%. Despite a net loss of $(662 million), primarily due to stock-based compensation, Opendoor achieved its first year of positive Adjusted EBITDA at $58 million. Looking ahead, Q1 2022 revenue is projected between $4.1 billion and $4.3 billion, indicating a 462% increase at the midpoint.
Opendoor Technologies Inc. (Nasdaq: OPEN) announced that it will report its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. The company will hold a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. The call can be accessed via a live webcast on the investor relations website. Opendoor aims to simplify the process of buying, selling, or trading homes since its inception in 2014, and it has expanded its operations across numerous U.S. markets.
Opendoor Technologies, a leading digital platform in residential real estate, has announced upcoming presentations at key investor conferences. Carrie Wheeler, CFO, will present at the Wedbush Real Estate Technology Conference on March 3, 2022, while CEO Eric Wu will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022. Live webcasts for these events will be accessible on their investor relations website. Opendoor's mission is to simplify the home buying, selling, and trading process, serving various U.S. markets since 2014.
Opendoor Technologies Inc. (Nasdaq: OPEN) reported strong third quarter 2021 results, generating $2.3 billion in revenue, a 91% increase from the previous quarter. The company acquired 15,181 homes, growing inventory to 17,164 homes valued at $6.3 billion, reflecting a 130% rise. Despite a net income loss of $(57) million, Adjusted EBITDA reached $35 million, up from $26 million in Q2. Looking ahead, Opendoor projects $3.1 - $3.2 billion in revenue for Q4 2021, maintaining a focus on enhancing the consumer experience in real estate transactions.
Opendoor Technologies Inc. (Nasdaq: OPEN) will report its third quarter 2021 financial results on November 10, 2021, after market close. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Opendoor, a leading digital platform for residential real estate since 2014, aims to simplify the process of buying, selling, or trading homes across the U.S. The conference call will be accessible via a live webcast on its investor relations site.
Access Technology Ventures announced a $300 million purchase of Opendoor Technologies Inc. (NASDAQ: OPEN) stock, enhancing its position to over $1 billion, making it the largest shareholder. This strategy aligns with Access' goal to invest in foundational companies impacting millions across consumer and enterprise technology. Access has supported Opendoor since 2015 and participated in every private financing round, including its IPO in 2020.
Opendoor Technologies Inc. (Nasdaq: OPEN) announced a secondary public offering of 28 million shares by a selling stockholder. The underwriter has a 30-day option to purchase an additional 4.2 million shares. Opendoor will not receive any proceeds as it is not selling any shares. The offering is set to close on September 16, 2021, pending customary conditions. Citigroup Global Markets serves as the book-running manager for this transaction, which will occur based on market conditions and may be conducted through various trading platforms.
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