The cash offer platform hired former WarnerMedia executive Chris Carpenter as COO, but expects 'heightened seasonality' through the winter months
At $15.1M, Offerpad's Q1 net loss was down 14% from Q4 2024, with home acquisitions up 18% to 454. A 9% drop in home sales caused revenue to shrink by 8% to $160.7M
IBuyer's market cap has dropped below $50M minimum for 30 consecutive trading days, and the New York Stock Exchange wants to know what the company is going to do about it
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%