Cost EfficiencyOPAD is on track to deliver more than $30M in incremental cost efficiencies in 2024 and is closing in on sustainable, positive, adjusted EBITDA for the full year.
Financial PerformanceOPAD expects to achieve breakeven Adjusted EBITDA next quarter and reiterated expectations for positive adjusted EBITDA in 2024.
Revenue GrowthOPAD's asset-light platform services continue to make solid progress, particularly Renovate, which grew 78% y/y in 1Q, generating $5.1M in revenue.