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Opendoor Technologies | 10-Q: Q1 2024 Earnings Report

Opendoor Technologies | 10-Q: Q1 2024 Earnings Report

Opendoor Technologies | 10-Q：2024財年一季報
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年第一季度營業收入和房屋銷售量均顯著下降。營業收入從31.2億美元下降至11.8億美元，下降了62％，而房屋銷售量從8,274套下降到3,078套，下降了63％。儘管營業收入和銷售額下降，但毛利率從5.4％提高到9.7％，淨虧損略有增加，從10100萬美元增加到10900萬美元。該公司的庫存量也有所減少，存貨從5,261套減少到5,706套。Opendoor認爲銷售量下降是對市場波動做出戰略性減少庫存採購和營銷投資的回應。該公司繼續擴大市場份額，與Zillow和eXp Realty合作伙伴關係，並通過增加市場份額和品牌知名度來實現增長。Opendoor未來的計劃包括通過市場份額的增長、投資鄰近服務以及通過各種舉措改進單位經濟效益來推動增長。該公司仍專注於有效管理庫存，並在面對具有挑戰性的住房市場環境時保持財務靈活性。
Opendoor Technologies Inc.報告稱，與2023年同期相比，2024年第一季度營業收入和房屋銷售量均顯著下降。營業收入從31.2億美元下降至11.8億美元，下降了62％，而房屋銷售量從8,274套下降到3,078套，下降了63％。儘管營業收入和銷售額下降，但毛利率從5.4％提高到9.7％，淨虧損略有增加，從10100萬美元增加到10900萬美元。該公司的庫存量也有所減少，存貨從5,261套減少到5,706套。Opendoor認爲銷售量下降是對市場波動做出戰略性減少庫存採購和營銷投資的回應。該公司繼續擴大市場份額，與Zillow和eXp Realty合作伙伴關係，並通過增加市場份額和品牌知名度來實現增長。Opendoor未來的計劃包括通過市場份額的增長、投資鄰近服務以及通過各種舉措改進單位經濟效益來推動增長。該公司仍專注於有效管理庫存，並在面對具有挑戰性的住房市場環境時保持財務靈活性。
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