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Opendoor Technologies Inc   (OPEN)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $2.6700 $0.04 1.521%
Day's High: $2.72 Week Perf: -8.25 %
Day's Low: $ 2.51 30 Day Perf: -22.27 %
Volume (M): 30,295 52 Wk High: $ 5.41
Volume (M$): $ 80,887 52 Wk Avg: $2.97
Open: $2.60 52 Wk Low: $1.25



 Market Capitalization (Millions $) 1,748
 Shares Outstanding (Millions) 655
 Employees 1,300
 Revenues (TTM) (Millions $) 6,946
 Net Income (TTM) (Millions $) -275
 Cash Flow (TTM) (Millions $) -251
 Capital Exp. (TTM) (Millions $) 37

Opendoor Technologies Inc
Opendoor Technologies Inc is an online platform that simplifies the process of buying and selling residential real estate. The company is headquartered in San Francisco, California and was founded in 2014. It offers an end-to-end service for customers who want to sell their property without the hassle of traditional real estate agents.

Opendoores platform allows homeowners to receive an instant offer for their home in a matter of minutes, based on the companyes proprietary algorithm that analyzes local real estate data. If the homeowner accepts the offer, they can complete the sale within days, avoiding the typical months-long process with agents and buyers. This service is available in over 20 markets in the US, including cities such as Phoenix, Las Vegas, Los Angeles, and Dallas.

On the buying side, Opendoor provides a vast selection of homes to choose from, complete with 3D virtual home tours and detailed photographs. Buyers can use the companyes mobile app to schedule a personal visit to any listed property, and even get a $100 credit on their closing costs if they choose to finance the purchase through the app.

Opendoor operates on a low iBuyer fee of about 5%, compared to the traditional 6% real estate agents charge, which has made its services popular with homeowners. The company also offers trade-ins and instant offers on new homes and works with a network of local service providers to provide a seamless transaction process.

The company prides itself on using technology to make real estate transactions more streamlined, efficient, and affordable. Along with its proprietary algorithm, Opendoor uses advanced machine learning and artificial intelligence tools to personalize its services for each customer. The companyes customer service team is available round-the-clock to ensure every customer is satisfied, and it has received high marks for transparency and fair pricing.

Since its founding, Opendoor has raised over $1 billion in funding from investors such as Softbank, General Atlantic, and New Enterprise Associates. The company went public on the Nasdaq stock exchange in December 2020, raising over $930 million in its initial offering. With a market capitalization of over $18 billion, it is considered one of the most promising tech companies in the real estate sector.


   Company Address: 410 N. Scottsdale Road, Tempe, 85288 AZ
   Company Phone Number: 618-6760   Stock Exchange / Ticker: NASDAQ OPEN
   


   

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Opendoor Technologies Inc

OPEN Takes a Devastating Blow: A Disastrous Impact on Opendoor Technologies Inc. Revealed After Fiscal Quarter Closure

Opendoor Technologies Inc Reports Improved Financial Results for Q4 and Full Year 2023
SAN FRANCISCO, Feb. 15, 2024 - Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, has announced its fourth quarter and full-year financial results for the period ended December 31, 2023. The company reported a decrease in loss per share and an improvement in EPS compared to the previous year. However, there was a sharp drop in revenue, both year-on-year and sequentially.
For the financial span closing on December 31, 2023, Opendoor Technologies Inc reported a loss per share of $-0.13 compared to $-0.62 in the previous year. EPS improved from $-0.16 in the prior financial reporting period. Despite the improvement in earnings, the company experienced a significant decline in revenue. Revenue dropped by -69.548% to $870.00 million from $2.86 billion in the comparable financial reporting period a year before. Sequentially, revenue deteriorated by -11.224% from $980.00 million.

Opendoor Technologies Inc

Opendoor Technologies Inc Struggles with Net Deficit of $-0.16 per Share, but Positive Outlook Remains2.


As a leading player in the e-commerce platform for residential real estate transactions, Opendoor Technologies Inc has experienced a mixed bag of financial results in the recent period. The company's financial time-frame closing September 30, 2023, revealed some concerning figures, including a loss of $-0.16 per share compared to $-1.47 a year ago, and a decline in income per share. Additionally, revenue plummeted by -70.842% to $980.00 million from $3.36 billion in the corresponding quarter last year, and sequentially revenue tumbled by -50.405% from $1.98 billion. However, it is important to note that Opendoor's net deficit improved considerably from $-928.000 million to $-106.000 million.
Despite these challenges, there are several reasons to maintain a positive outlook for Opendoor Technologies Inc. The company's current stock performance shows promising growth, with a year-to-date increase of 100%. Furthermore, Opendoor's strategic move to grant restricted stock units as an employment inducement award demonstrates its commitment to attracting top talent and solidifying its position in the industry.

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Opendoor Technologies Announces Inducement Grants, Consolidating Market Confidence

Published Mon, Oct 23 2023 8:06 PM UTC



SAN FRANCISCO, Oct. 23, 2023 - Opendoor Technologies Inc. (Nasdaq: OPEN), the pioneering e-commerce platform for residential real estate transactions, recently made a significant announcement regarding the grant of restricted stock units as an employment inducement award pursuant to Nasdaq Listing Rule 5635(c)(4). This move reflects the company's commitment to attr...

Opendoor Technologies Inc

Dismal 25% EPS Decline Plagues Opendoor Technologies Inc Throughout Recent Fiscal Period

Opendoor Technologies Inc, a technology-enabled real estate company, has experienced a mixed fiscal period with varying financial indicators. The company reported a decline in income by 25% to $0.03 per share compared to $0.04 per share the previous year. However, there is a positive sign as the EPS turned positive from $-0.16 per share in the preceding reporting season.
One of the major setbacks for Opendoor Technologies Inc is the sharp decline in revenue by 61.639% to $1.98 billion from $5.15 billion in the comparable reporting season a year before. Sequentially, the revenue tumbled by 36.667% from $3.12 billion, indicating a significant decrease in demand for their services. This decline in revenue may have contributed to the decrease in income.






 

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