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Opendoor Technologies | 8-K: Opendoor Announces Third Quarter of 2024 Financial Results

Opendoor Technologies | 8-K: Opendoor Announces Third Quarter of 2024 Financial Results

Opendoor Technologies | 8-K:Opendoor公佈2024年第三季度財務業績
美股SEC公告 ·  2024/11/08 05:26

牛牛AI助理已提取核心訊息

Opendoor Technologies reported Q3 2024 revenue of $1.4B, up 41% YoY but down 9% QoQ, with 3,615 homes sold. The company posted a net loss of $78M, improving from $106M loss in Q3 2023. Gross profit reached $105M with a 7.6% margin, while contribution profit was $52M with a 3.8% margin.The company maintained a strong balance sheet with $829M in cash and $2.1B in inventory representing 6,288 homes. Home purchases declined 27% QoQ to 3,504 units, while homes under contract dropped 44% QoQ to 1,006 units, reflecting persistent housing market headwinds from high mortgage rates.For Q4 2024, Opendoor expects revenue between $925M-$975M and contribution profit of $15M-$25M. Management announced cost-saving initiatives that will result in approximately $85M in annualized savings entering 2025, as the company focuses on operational efficiency while positioning for future growth when market conditions improve.
Opendoor Technologies reported Q3 2024 revenue of $1.4B, up 41% YoY but down 9% QoQ, with 3,615 homes sold. The company posted a net loss of $78M, improving from $106M loss in Q3 2023. Gross profit reached $105M with a 7.6% margin, while contribution profit was $52M with a 3.8% margin.The company maintained a strong balance sheet with $829M in cash and $2.1B in inventory representing 6,288 homes. Home purchases declined 27% QoQ to 3,504 units, while homes under contract dropped 44% QoQ to 1,006 units, reflecting persistent housing market headwinds from high mortgage rates.For Q4 2024, Opendoor expects revenue between $925M-$975M and contribution profit of $15M-$25M. Management announced cost-saving initiatives that will result in approximately $85M in annualized savings entering 2025, as the company focuses on operational efficiency while positioning for future growth when market conditions improve.
Opendoor Technologies報告了2024年第3季度營業收入爲14億,較上年增長41%,但較上季度下降9%,已售出3,615套房。公司淨虧損爲7,800萬,較2023年第3季度的10,600萬虧損有所改善。毛利潤達到10,500萬,毛利率爲7.6%,而貢獻利潤爲5,200萬,貢獻利潤率爲3.8%。公司保持強勁的資產負債表,現金爲82,900萬,庫存爲21億,相當於6,288套房。住宅購買較上季度下降27%,至3,504個單位,而簽約住房較上季度下降44%,至1,006個單位,這反映出高抵押貸款利率導致的房地產市場持續逆風。對於2024年第4季度,Opendoor預計營業收入在92,500萬到97,500萬之間,貢獻利潤在1,500萬到2,500萬之間。管理層宣佈了成本節約措施,預計在2025年前將實現約8,500萬的年化節省,同時公司專注於運營效率,爲未來的增長做好準備,當市場條件改善時。
Opendoor Technologies報告了2024年第3季度營業收入爲14億,較上年增長41%,但較上季度下降9%,已售出3,615套房。公司淨虧損爲7,800萬,較2023年第3季度的10,600萬虧損有所改善。毛利潤達到10,500萬,毛利率爲7.6%,而貢獻利潤爲5,200萬,貢獻利潤率爲3.8%。公司保持強勁的資產負債表,現金爲82,900萬,庫存爲21億,相當於6,288套房。住宅購買較上季度下降27%,至3,504個單位,而簽約住房較上季度下降44%,至1,006個單位,這反映出高抵押貸款利率導致的房地產市場持續逆風。對於2024年第4季度,Opendoor預計營業收入在92,500萬到97,500萬之間,貢獻利潤在1,500萬到2,500萬之間。管理層宣佈了成本節約措施,預計在2025年前將實現約8,500萬的年化節省,同時公司專注於運營效率,爲未來的增長做好準備,當市場條件改善時。

譯文內容由第三人軟體翻譯。


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