Supernova Partners Acquisition Company Inc. (SPNV) Tops Q2 EPS by 31c
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Offerpad Reports Record Revenue and Profit for Second Quarter 2021; Provides 2021 Full-Year Outlook
August 16, 2021 4:05 PM EDTCompany posts profitable Q2; grows acquisitions 340% in tight real estate market
Second Quarter 2021 Highlights compared with the prior-year second quarter:
Revenue increased 32% to $378.6 million Fully diluted earnings per share were $0.31, marking the first profitable quarter in company history Net income improved to $9.2 million, an increase of $16.6 million Adjusted EBITDA increased $16.8 million to a record $13.1 million Gross profit increased $33.0 million to $50.9 million, or 13.4% of revenue Contribution profit after interest per home sold increased to $31,500 from $1,400 Acquired a record 2,025 homes, up from 460 Business... More