Offerpad Solutions Inc. (OPAD) Tops Q4 EPS by 12c; Guides Higher

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Go back to Offerpad Solutions Inc. (OPAD) Tops Q4 EPS by 12c; Guides Higher

Offerpad Announces Record Fourth Quarter Results; Reports 95% Increase in Full-Year Revenue to $2.07 Billion, Positive Net Income and Adjusted EBITDA

February 23, 2022 4:20 PM EST

Exceeded Fourth Quarter and Full-Year Expectations 

Fourth-Quarter 2021 Financial Highlights compared with the prior-year fourth quarter:

Revenue increased 289% to $867.5 million Gross profit increased 178% to $70.3 million Earnings per share increased to $0.05 on Net Income of $12.8 million; includes a $0.06 per share benefit from the mark to market of warrants Adjusted EBITDA increased 420% to $7.7 million

CHANDLER, Ariz.--(BUSINESS WIRE)-- Offerpad Solutions Inc. (Offerpad, the Company, we or our) (NYSE: OPAD), a leading tech-enabled platform for buying and selling residential real estate, today released... More