🙌WE ARE BACK FROM USA, FINALLY! 🎊
Within intensive 2.5-week journey for Collision Conf in New Orleans and company visits in San Francisco, plus two demo days (#TaiwanRocksNOLA, #TaiwanRocksSF), we've met lots of cool people within startup scene and learnt priceless lessons from amazing entrepreneurs - Let's grow faster and keep that #TaiwanRocks spirit!!
(You'll get addicted to our very own #TaiwanRocks rap video: https://www.youtube.com/watch?v=amKpSpyas88 )
🤝Thanks to #TaiwanRocksNOLA co-host Launch Pad, #TaiwanRocksSF co-host Silicon Valley Forum & venue partner Covo that help connect Taiwanese startup teams to local network with strong presence!
💖Also, much thanks for all the investors, mentors and corporates in the bay who spared their precious time to sit down and openly share with us: (ordered by visiting dates)
- LendingClub
- Twitter
- Buffer
- Indiegogo
- Pared
- Opendoor
- Amazon.com
- b8ta
- Orange Silicon Valley
- Science and Technology Division, Taipei Economic and Cultural Office in San Francisco (駐舊金山台北經濟文化辦事處科技組)
🌎TSS attended Ecosystem Summit hosted by Web Summit and Launch Pad as Taiwan representative for second time, and happy to get chance to lead discussion with startup ecosystem players around the world! Very excited to keep learning from peers throughout the year and bring what we learn back to Taiwan - LET'S EVOLVE & ROCK ON!
❓Hm? You're asking what's the next #TaiwanRocks trip❓
June for Bangkok & July for Hong Kong!
➡️Register our community newsletter and stay tuned! ;) https://www.startupstadium.tw/
*Photo credit: Taiwan Startup Stadium 台灣新創競技場 & 留榮鋒 （Luke Liu） *
🙌WE ARE BACK, FINALLY! 🎊
Within intensive 2.5-week journey for Collision Conf in New Orleans and company visits in San Francisco, plus two demo days (#TaiwanRocksNOLA, #TaiwanRocksSF), we've met lots of cool people within startup scene and learnt priceless lessons from amazing entrepreneurs - Let's grow faster and keep that #TaiwanRocks spirit!!
🤝Thanks to #TaiwanRocksNOLA co-host Launch Pad, #TaiwanRocksSF co-host Silicon Valley Forum & venue partner Covo that help connect Taiwanese startup teams to local network with strong presence!
💖Also, much thanks for all the investors, mentors and corporates who spared their precious time to sit down and openly share with us: (ordered by visiting dates)
- LendingClub
- Twitter
- Buffer
- Indiegogo
- Pared
- Opendoor
- Amazon.com
- b8ta
- Orange Silicon Valley
- 駐舊金山台北經濟文化辦事處科技組
🌎Plus, TSS attended Ecosystem Summit as Taiwan representative, and lead discussion with startup ecosystem players around the world! Very excited to keep learning from peers throughout the year and bring what we learn back to Taiwan - Let's EVOLVE!!
❓Hm? You're asking what's the next #TaiwanRocks trip❓
June for Bangkok & July for Hong Kong! ➡️Register our community newsletter and stay tuned! ;)
https://www.startupstadium.tw/
*Photo credit: Taiwan Startup Stadium 台灣新創競技場 & 留榮鋒 （Luke Liu）*
opendoor台灣 在 [新聞] Opendoor Q3財報- 看板Stock - 批踢踢實業坊 的美食出口停車場
原文標題：Opendoor Announces Third Quarter 2021 Financial Results
原文連結：https://reurl.cc/Q6OQZ0
發布時間：2021/11/11 5:05 AM 台灣時間
原文內容：
SAN FRANCISCO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading digital platform for residential real estate, today reported financial results for its quarter ended September 30, 2021. Opendoor’s third quarter 2021 financial results and management commentary can be accessed through the Company’s shareholder letter on the quarterly results page of Opendoor’s investor relations website at https://investor.opendoor.com.
“Over the years, I am often asked whether our vision and strategy has changed. The short answer is no - we have always been focused on making it possible to buy, sell, and move at the tap of a button. In our view, the end state for the real estate marketplace will inevitably be a simple, certain, and fast transaction powered by technology. It is just a matter of when. So we have been consistently focused on investing in that future experience, piece by piece, with the consumer in mind at every step. We
take great pride in doing the hard work to execute with excellence in our consumer experience, technology, business performance, and company culture. This is what sets us apart,” said Eric Wu, Co-Founder and CEO of Opendoor. “Our third quarter results are the byproduct of our focus on the consumer experience and strong, consistent execution. We exceeded our expectations in generating $2.3 billion of revenue, acquiring 15,181 homes, and delivering over $170 million of Contribution Profit and $35
million of Adjusted EBITDA.”
Third Quarter 2021 Key Highlights
Unless otherwise stated, all comparisons are on a quarter-over-quarter basis. We believe that sequential comparisons better reflect our underlying growth trends given our decision to pause home acquisitions and actively sell through our inventory last year due to COVID-19.
Revenue of $2.3 billion, up 91% versus 2Q21, with 5,988 total homes sold, up 72% versus 2Q21
Gross profit of $202 million, versus $159 million in 2Q21; gross margin of 8.9%, versus 13.4% in 2Q21
Net income of $(57) million, versus $(144) million in 2Q21
Adjusted Net Income of $(17) million, versus $2 million in 2Q21
Contribution Profit of $170 million, versus $128 million in 2Q21; Contribution Margin of 7.5%, versus 10.8% in 2Q21
Adjusted EBITDA of $35 million versus $26 million in 2Q21; Adjusted EBITDA Margin of 1.5% versus 2.2% in 2Q21
Expanded to 44 markets at the end of 3Q21 with 5 new market launches
Purchased 15,181 homes, up 79% versus 2Q21
Grew inventory balance to 17,164 homes, representing $6.3 billion in value, up 130% versus 2Q21
Outlook
4Q21 revenue guidance of $3.1 billion - $3.2 billion
4Q21 Adjusted EBITDA1 guidance of ($5) million - $5 million
Conference Call and Webcast Details
Opendoor will host a conference call to discuss its financial results on November 10, 2021 at 2:00 p.m. Pacific Time. A live webcast of the call can be accessed from Opendoor’s Investor Relations website at https://investor.opendoor.com. An archived version of the webcast will be available from the same website after the call.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking, including statements regarding our financial condition, anticipated financial performance, business strategy and plans, market opportunity and expansion and objectives of management for future operations. These
forward-looking statements generally are identified by the words “anticipate”, “believe”, “contemplate”, “continue”, “could”, “estimate”, “expect”, “forecast”, “future”, “intend”, “may”, “might”, “opportunity”, “plan”, “possible”, “potential”, “predict”, “project,” “should”, “strategy”, “strive”, “target”, “will”, or “would”, the negative of these words or other similar terms or expressions. The absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many important factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to our public securities’ potential liquidity and trading; our ability to raise financing in the future; our success
in retaining or recruiting, or changes required in, our officers, key employees or directors; the impact of the regulatory environment and complexities with compliance related to such environment; our ability to remediate our material weaknesses; various factors relating to our business, operations and financial performance, including, but not limited to, the impact of the COVID-19 pandemic on our ability to grow market share; our ability to respond to general economic conditions and the health of the
U.S. residential real estate industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the caption "Risk Factors" in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 4, 2021, as updated by our Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2021, June 30, 2021, and September 30, 2021, and our other filings with the SEC.
These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or
otherwise. We do not give any assurance that we will achieve our expectations.
About Opendoor
Opendoor’s mission is to empower everyone with the freedom to move. Since 2014, Opendoor has provided people across the U.S. with a radically simple way to buy, sell or trade-in a home online. Opendoor currently operates in a growing number of markets across the U.S.
Contact Information
Investors:
Elise Wang
Opendoor
[email protected]
Media:
Sheila Tran / Charles Stewart
Opendoor
[email protected]
心得/評論：
財報各項數據全部Beat
盤後大漲15%
本季度營收23億較上季度增長60%
Q3營收已接近去年全年營收
Q4指引30-32億再增長40%....
證明Opendoor和Zillow在Ibuying
這塊完全是不同公司...
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