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Wednesday, August 11, 2021

Opendoor Technologies (OPEN) reported earnings on Wed 11 Aug 21 (a/h)

Posted upside results for Q2. Co sold 3,481 homes, up +41% sequentially, and acquired a record 8,494 homes in the quarter. Co states that it is operating at a second half revenue run rate that is on track to meet co's previously communicated 2023 target. Guided Q3 revs above consensus.
  • The online residential real-estate firm  went public via a reverse merger with a SPAC called Social Capital on Dec 21, 2020


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