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Offerpad Solutions Inc   (OPAD)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $7.8400 $-0.26 -3.210%
Day's High: $8.15 Week Perf: -3.57 %
Day's Low: $ 7.75 30 Day Perf: -19.18 %
Volume (M): 20 52 Wk High: $ 15.20
Volume (M$): $ 159 52 Wk Avg: $7.59
Open: $8.10 52 Wk Low: $0.40



 Market Capitalization (Millions $) 214
 Shares Outstanding (Millions) 27
 Employees 500
 Revenues (TTM) (Millions $) 1,751
 Net Income (TTM) (Millions $) -223
 Cash Flow (TTM) (Millions $) -81
 Capital Exp. (TTM) (Millions $) 1

Offerpad Solutions Inc
Offerpad Solutions Inc is a US-based online home-buying and selling platform that allows homeowners to sell their homes fast and hassle-free. The company was founded in 2015 by Brian Bair and Jerry Coleman and has its headquarters in Chandler, Arizona. Offerpad Solutions Inc adopts a technology-driven approach to the real estate industry and has leveraged on this to gain national recognition in the marketplace.

Offerpades platform is designed to provide homeowners with a fast and convenient way to sell their homes. With Offerpad, homeowners can sell their homes in a matter of days without the need for home inspections, open houses, staging, or realtor commissions. The platform uses a simple three-step process, which includes a free home offer, a free home assessment, and the closing of the sale.

Offerpad Solutions Inces platform is designed to aid investors, real estate agents, and direct buyers in purchasing homes. The company offers instant offers from its proprietary algorithm technology, making an all-cash offer without the need for a home inspection.

Offerpad Solutions Inc aims to create a seamless and hassle-free home selling and buying process for both buyers and sellers. The company has introduced features like eComing Soon,e which allows sellers to list their homes on the platform before they are officially for sale. It also has a emore time for change of minde program, which allows sellers to change their minds up to three days before the closing, without any penalty fees.

Offerpad Solutions Inc is committed to making the home buying and selling process simple, transparent, and stress-free. To achieve this, the company provides a team of experienced real estate professionals to handle every aspect of the home selling and buying process, including paperwork, title transfers, and much more.

In addition to its real estate services, Offerpad offers a suite of financial products, including mortgage and insurance services, to provide its clients with comprehensive housing solutions. The company has partnerships with several renowned financial institutions, which provides personalized mortgage offers and access to direct lending.

In conclusion, Offerpad Solutions Inc is a trailblazer in the home buying and selling industry, leveraging technology to provide a fast, fair, and convenient way for homeowners to sell their homes. The companyes commitment to transparency, simplicity, and its team of experienced real estate professionals has made it a trusted and sought-after partner for anyone seeking a convenient and hassle-free real estate transaction.


   Company Address: 2150 E. Germann Road Chandler 85286 AZ
   Company Phone Number: 388-4539   Stock Exchange / Ticker: NYSE OPAD
   


   

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Business Update

Offerpad Expands Offerpad Max Agent Program, Accelerating Growth Opportunities.

Published Tue, Mar 12 2024 12:30 PM UTC

Expanding Offerpad Max Agent Program Drives Growth Opportunities for Offerpad Solutions Inc.CHANDLER, Ariz. - Offerpad Solutions Inc. (Offerpad), a leading tech-driven platform for residential real estate, has recently announced its plans to expand the Offerpad Max agent program to all of its remaining markets. Following a successful launch in select markets earlier this yea...

Product Service News

Offerpad Revolutionizes Real Estate Industry with Innovative 3% + 1% Agent Program

Published Mon, Jan 29 2024 2:00 PM UTC

In a game-changing move, Offerpad Solutions Inc. (Offerpad), a front-runner in the tech-dominated platform for the residential real estate sector, announced the launch of an enhanced 3% + 1% agent program, elevating its existing Agent Partnership Program. This pioneering initiative underscores Offerpad's dedication to reforming the real estate industry, serving as a bridge b...

Offerpad Solutions Inc

Offerpad Solutions Inc. Faces Concerns as Q3 2023 Deficit Surpasses Previous Year's Figures

/>Offerpad Solutions Inc., a prominent tech-enabled platform for residential real estate, recently unveiled its fiscal third-quarter results for 2023, which have left investors concerned. The company witnessed a significant decline in revenue, widening shortfalls per share, and a reduced value of stockpiles compared to the previous year's financial reporting period. These figures stand in stark contrast to the performance of the rest of the Real Estate Operations sector, which saw revenue gains during the same period.
Revenue Performance:
In Q3 2023, Offerpad Solutions Inc. experienced a massive 71.527% decline in revenue, plummeting to $233.97 million. This stark decrease is alarming and highlights the challenges the company faced during this period. It is also noteworthy that while the rest of the Real Estate Operations sector managed to increase their revenue, Offerpad's performance showed a stark contrast.

Offerpad Solutions Inc

Dire Financial Crisis Looms Over 'Offerpad Solutions Inc.' in Q2 2023 as Revenue Plunges by 78.681%

The stock market can be a roller coaster ride, with highs and lows that can leave investors feeling uncertain. However, amidst the volatility, there are always opportunities for those who know how to navigate the markets. One such opportunity might be found in the recent news surrounding Offerpad Solutions Inc (OPAD).
It cannot be denied that OPAD's most recent fiscal period was disastrous, with revenue plummeting by a staggering 78.681% to $230.15 million. The net loss per share also extended to $-0.82, marking a significant decline from the same quarter a year before. These numbers might alarm some investors and cause them to shy away from OPAD, but there is a silver lining to this gloomy cloud.

Offerpad Solutions Inc

Offerpad Solutions Inc Faces Devastating Revenue Slide of 55.6% Amidst Challenging Economic Climate and COVID-19 Pandemic

In a recently released financial report, Offerpad Solutions Inc (OPAD) announced a disastrous fiscal interval ending March 31, 2023. The report indicated that the company's revenue had decreased drastically by 55.629% to $609.58 million compared to the same reporting period a year ago. This significant drop in revenue has been attributed to several factors, including the ongoing COVID-19 pandemic and the challenging economic environment.
Additionally, the shortfall per share swelled to -$0.17, compared to -$0.35 per share in the previous reporting period. This represents a further deterioration of revenues by 9.988% from $677.21 million the previous quarter.






 

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