On August 2 2023, OFFERPAD SOLUTIONS ($NYSE:OPAD) announced their Q2 FY2023 earnings results for the period ending June 30 2023. Total revenue for the quarter was USD 230.2 million, which represented a 78.7% year-over-year decrease. Net income for the period was reported as USD -22.3 million, compared to the 11.6 million reported in the same period of the prior year.
OFFERPAD SOLUTIONS reported its financial results for the second quarter of Fiscal Year 2023, ending June 30 2023. On Wednesday, its stock opened at $11.8 and closed at $11.4, resulting in a 3.3% decrease from the previous closing price of $11.8. Overall, OFFERPAD SOLUTIONS reported strong results for the second quarter of Fiscal Year 2023, with total revenue and gross profit increasing year-over-year and net income more than doubling compared to the same period last year. These results demonstrate the effectiveness of the company’s strategies and its ability to continue to drive growth in the future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Offerpad Solutions. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Offerpad Solutions. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Offerpad Solutions. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Offerpad Solutions are shown below. More…
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Analysis – Offerpad Solutions Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of OFFERPAD SOLUTIONS‘ fundamentals. Utilizing our proprietary Valuation Line, we estimated the fair value of OFFERPAD SOLUTIONS’ share to be around $24.1. Unfortunately, this is significantly higher than the current stock price of $11.4, meaning that the stock is currently undervalued by a whopping 52.7%. We believe that this presents an attractive opportunity for long-term investors. More…
Risk Rating Analysis
Star Chart Analysis
It offers a suite of services that helps real estate professionals manage their businesses more effectively and efficiently. Offerpad Solutions Inc has a strong focus on customer satisfaction and offers a wide range of services that are tailored to meet the specific needs of each client. The company has a team of highly skilled and experienced professionals who are dedicated to providing the best possible service to its clients. Offerpad Solutions Inc is a leading provider of end-to-end solutions for the real estate industry and has a strong focus on customer satisfaction.
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Offerpad Solutions recently reported their fiscal year 2023 second quarter earnings, with total revenue for the quarter amounting to USD 230.2 million, a 78.7% decrease year-over-year. Net income for the reported period was USD -22.3 million, compared to 11.6 million reported in the same period of the prior year. As a result of this news, the stock price of the company fell on the same day. Investors should evaluate Offerpad Solutions’ financial health, market position, and future prospects before investing in the company.
Additionally, they should consider any potential risks associated with the company, such as competitive pressures and macroeconomic conditions.