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Opendoor Technologies | 10-Q: Q2 2024 Earnings Report

Opendoor Technologies | 10-Q: Q2 2024 Earnings Report

Opendoor Technologies | 10-Q:2024財年二季報
美股SEC公告 ·  08/02 04:27

牛牛AI助理已提取核心訊息

Opendoor Technologies Inc. reported a decrease in revenue for the quarter ending June 30, 2024, with revenue falling to $1.511 billion from $1.976 billion in the same period the previous year, a 24% decline. The company's net loss widened to $92 million from a net income of $23 million year-on-year. The number of homes sold during the quarter decreased by 24% to 4,078 from 5,383 homes sold in the previous year. Despite the decrease in revenue and net income, the company's gross margin improved from 7.5% to 8.5% year-on-year. Opendoor's business development included the issuance of Series A Preferred Stock by its subsidiary Mainstay Labs Inc. to third-party investors, with Opendoor maintaining less than 50% ownership. The company's future plans involve assessing the financial...Show More
Opendoor Technologies Inc. reported a decrease in revenue for the quarter ending June 30, 2024, with revenue falling to $1.511 billion from $1.976 billion in the same period the previous year, a 24% decline. The company's net loss widened to $92 million from a net income of $23 million year-on-year. The number of homes sold during the quarter decreased by 24% to 4,078 from 5,383 homes sold in the previous year. Despite the decrease in revenue and net income, the company's gross margin improved from 7.5% to 8.5% year-on-year. Opendoor's business development included the issuance of Series A Preferred Stock by its subsidiary Mainstay Labs Inc. to third-party investors, with Opendoor maintaining less than 50% ownership. The company's future plans involve assessing the financial impact of this fundraise. Opendoor continues to face legal challenges, including consolidated securities class action lawsuits and shareholder derivative lawsuits, but maintains that the allegations are without merit and intends to defend itself vigorously. The company also initiated workforce reductions, impacting approximately 680 employees, and provided severance and other termination benefits. Opendoor's liquidity position includes cash and cash equivalents of $790 million and restricted cash of $121 million as of June 30, 2024.
Opendoor Technologies Inc.報告稱其2024年6月30日結束的季度營業收入下降,營業收入從上年同期的1976百萬美元降至1511百萬美元,下降24%。與去年同期的2300萬美元淨利潤相比,公司的淨虧損擴大至9200萬美元。本季度售出的房屋數量比去年同期下降了24%,從5383間減少到4078間。儘管營收和淨利潤均下降,但公司的毛利率同比提高了從7.5%到8.5%。Opendoor的業務發展包括其子公司Mainstay Labs Inc.向第三方投資者發行A系列優先股,而Opendoor的持股不到50%。公司未來的計劃涉及評估此次籌資的財務影響。Opendoor仍然面臨法...展開全部
Opendoor Technologies Inc.報告稱其2024年6月30日結束的季度營業收入下降,營業收入從上年同期的1976百萬美元降至1511百萬美元,下降24%。與去年同期的2300萬美元淨利潤相比,公司的淨虧損擴大至9200萬美元。本季度售出的房屋數量比去年同期下降了24%,從5383間減少到4078間。儘管營收和淨利潤均下降,但公司的毛利率同比提高了從7.5%到8.5%。Opendoor的業務發展包括其子公司Mainstay Labs Inc.向第三方投資者發行A系列優先股,而Opendoor的持股不到50%。公司未來的計劃涉及評估此次籌資的財務影響。Opendoor仍然面臨法律挑戰,包括合併證券集體訴訟和股東衍生訴訟,但堅稱這些指控毫無根據,有意積極辯護。公司還進行了裁員,影響了約680名員工,並提供了解僱補償和其他終止福利。截至2024年6月30日,Opendoor的流動資金包括790百萬美元現金及現金等價物和121百萬美元限制性現金。

譯文內容由第三人軟體翻譯。


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