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Opendoor Technologies | 10-Q: Quarterly report

Opendoor Technologies | 10-Q: Quarterly report

Opendoor Technologies | 10-Q：季度報表
美股sec公告 ·  05/02 16:23
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Opendoor Technologies Inc. has reported a significant decrease in revenue and home sales in the first quarter of 2024 compared to the same period in 2023. Revenue dropped from $3.12 billion to $1.18 billion, a 62% decline, while home sales fell by 63% from 8,274 to 3,078 homes sold. Despite the decrease in revenue and sales volume, gross margin improved from 5.4% to 9.7%, and net loss increased marginally from $101 million to $109 million. The company's inventory also saw a reduction, with homes in inventory decreasing by 555 to 5,706. Opendoor attributes the lower sales volumes to a strategic reduction in inventory acquisition and marketing investment in response to market volatility. The company has continued to expand its market presence, launching partnerships with Zillow and eXp Realty, and aims to grow by increasing market share and brand awareness. Opendoor's future plans include driving growth through market share gains, investing in adjacent services, and improving unit economics through various initiatives. The company remains focused on managing inventory effectively and maintaining financial flexibility in the face of a challenging housing market environment.
Opendoor Technologies Inc. has reported a significant decrease in revenue and home sales in the first quarter of 2024 compared to the same period in 2023. Revenue dropped from $3.12 billion to $1.18 billion, a 62% decline, while home sales fell by 63% from 8,274 to 3,078 homes sold. Despite the decrease in revenue and sales volume, gross margin improved from 5.4% to 9.7%, and net loss increased marginally from $101 million to $109 million. The company's inventory also saw a reduction, with homes in inventory decreasing by 555 to 5,706. Opendoor attributes the lower sales volumes to a strategic reduction in inventory acquisition and marketing investment in response to market volatility. The company has continued to expand its market presence, launching partnerships with Zillow and eXp Realty, and aims to grow by increasing market share and brand awareness. Opendoor's future plans include driving growth through market share gains, investing in adjacent services, and improving unit economics through various initiatives. The company remains focused on managing inventory effectively and maintaining financial flexibility in the face of a challenging housing market environment.
Opendoor Technologies Inc.報告稱，與2023年同期相比，2024年第一季度的收入和房屋銷售大幅下降。收入從31.2億美元下降至11.8億美元，下降了62％，而房屋銷售下降了63％，從8,274套房屋售出至3,078套。儘管收入和銷售量有所下降，但毛利率從5.4％提高到9.7％，淨虧損從1.01億美元小幅增加到1.09億美元。該公司的庫存也有所減少，庫存房屋減少了555套，至5,706套。Opendoor將較低的銷售量歸因於爲應對市場波動而戰略性地減少了庫存購置和營銷投資。該公司繼續擴大其市場佔有率，與Zillow和eXP Realty建立了合作伙伴關係，並旨在通過增加市場份額和品牌知名度來實現增長。Opendoor的未來計劃包括通過增加市場份額來推動增長，投資相鄰服務，以及通過各種舉措改善單位經濟性。面對充滿挑戰的房地產市場環境，該公司仍然專注於有效管理庫存和保持財務靈活性。
Opendoor Technologies Inc.報告稱，與2023年同期相比，2024年第一季度的收入和房屋銷售大幅下降。收入從31.2億美元下降至11.8億美元，下降了62％，而房屋銷售下降了63％，從8,274套房屋售出至3,078套。儘管收入和銷售量有所下降，但毛利率從5.4％提高到9.7％，淨虧損從1.01億美元小幅增加到1.09億美元。該公司的庫存也有所減少，庫存房屋減少了555套，至5,706套。Opendoor將較低的銷售量歸因於爲應對市場波動而戰略性地減少了庫存購置和營銷投資。該公司繼續擴大其市場佔有率，與Zillow和eXP Realty建立了合作伙伴關係，並旨在通過增加市場份額和品牌知名度來實現增長。Opendoor的未來計劃包括通過增加市場份額來推動增長，投資相鄰服務，以及通過各種舉措改善單位經濟性。面對充滿挑戰的房地產市場環境，該公司仍然專注於有效管理庫存和保持財務靈活性。
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