Opendoor Technologies Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 04:05 pm EDT
Share
Opendoor Technologies Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 1,185.386 million compared to USD 739.827 million a year ago. Operating loss was USD 152.753 million compared to USD 38.852 million a year ago. Net loss was USD 143.805 million compared to USD 55.919 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.66 a year ago. For the half year, sales was USD 1,932.660 million compared to USD 1,995.622 million a year ago. Operating loss was USD 397.448 million compared to USD 74.864 million a year ago. Net loss was USD 414.241 million compared to USD 118.115 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to USD 1.4 a year ago.
Opendoor Technologies Inc. provides a digital platform for residential real estate transactions. By leveraging software, data science, product design and operations, the Company is building a technology platform for residential real estate that offers buyers and sellers a digital, on-demand experience. Its products include Sell to Opendoor, List with Opendoor and Opendoor Marketplace. Sell to Opendoor enables sellers to utilize its core product offering to sell their home directly to it, and it resells the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repair coordination, overlapping mortgages, and the uncertainty that can come with listing a home on the open market. Its capital-light marketplace offering connects home sellers with both institutional and retail buyers, facilitating transactions without Opendoor taking ownership of the home. Its listing product is available in 17 Opendoor markets.
OPENDOOR TECHNOLOGIES INC. 
