EarningsOfferpad Solutions Inc. experienced an EBITDA loss of $4 million, which was below the consensus expectations of breaking even, driven by a lower-than-anticipated contribution profit margin and a revenue shortfall.
Financial PerformanceOfferpad Solutions Inc. reported a lower-than-expected contribution profit margin of 6.5%, with an after-interest profit of $10.7 million, falling short of analyst expectations.
GuidanceThe company provided guidance for homes sold and revenue that fell significantly below consensus estimates, with expected homes sold ranging from 550 to 650 compared to the consensus of 932, resulting in a projected revenue miss.