Offerpad Solutions Inc. - OPAD STOCK NEWS

Offerpad Solutions Inc. (NYSE: OPAD) participated in the Wedbush Real Estate Technology Conference on March 2, 2022, featuring a discussion with Chairman and CEO Brian Bair and CFO Mike Burnett. The session focused on Offerpad's innovative platform which enhances the home buying and selling experience through technology. The replay is accessible on Offerpad’s Investor Relations website. The company aims to simplify real estate transactions while providing users with a comprehensive digital experience, including mortgage and listing services.

Offerpad (NYSE:OPAD) expands its residential real estate services into the Sacramento metropolitan area, now available in over 50 cities. The company aims to empower buyers and sellers with 24-hour cash offers, flexible closing options, and Bundle Rewards. Homeowners can enjoy benefits like cash proceeds the next business day after closing, no open houses, and free local moves. This expansion follows recent openings in Riverside and San Bernardino, bringing Offerpad's innovative solutions to over 1,700 U.S. cities.

Offerpad Solutions Inc. (NYSE: OPAD) reported strong fourth-quarter and full-year results for 2021, exceeding expectations. Q4 revenue surged by 289% to $867.5 million, while gross profit rose 178% to $70.3 million. The company achieved net income of $12.8 million compared to a loss in the prior year. For the full year, revenue reached $2.07 billion, a 95% increase, with net income of $6.5 million. The first-quarter outlook anticipates homes sold between 3,000 and 3,150, with revenue projected at $1.1 billion to $1.15 billion.

Offerpad (NYSE:OPAD) has expanded its digital home buying and selling solutions into California's Inland Empire, specifically Riverside and San Bernardino counties. This new service allows homeowners to receive 24-hour cash offers and custom listing solutions, aimed at simplifying the traditionally complex real estate process. CEO Brian Bair emphasized the need for modern solutions in real estate, highlighting that Offerpad's offerings provide flexibility and control for buyers and sellers. With this expansion, Offerpad's services are now accessible in over 1,600 cities nationwide.

Offerpad Solutions Inc. (NYSE: OPAD) will release its fourth-quarter and full-year 2021 financial results on February 23, 2022. The company will hold a conference call at 5 p.m. EST on the same day to discuss these results and recent developments. Investors can access the webcast on Offerpad's Investor Relations website. Offerpad aims to simplify the home buying and selling process through technology, offering a seamless experience for customers alongside various services including mortgage and listing assistance.

Offerpad and Taylor Morrison Home Corporation have expanded their partnership to provide a seamless experience for new construction homebuyers in 14 markets, allowing them to sell their current home while purchasing a new one. Homeowners can benefit from a competitive cash offer within an hour, flexible closing dates, and extended stay options. Since launching in Phoenix, over 70 customers have successfully sold their homes through Offerpad. This initiative aims to simplify moving for homeowners and enhance customer satisfaction.

Offerpad Solutions Inc. (NYSE: OPAD) reported remarkable financial growth for Q3 2021, with revenue increasing by 190% to $540.3 million and gross profit rising 169% to $53.1 million. The company sold a record 1,673 homes, up 123% year-over-year, and achieved a customer satisfaction rating of 94%. Offerpad expanded into four new markets and introduced a customer rewards program. Despite reporting a net loss of $15.3 million, Offerpad raised its full-year outlook for homes sold and revenue, signaling strong momentum going into 2022.

Offerpad (NYSE:OPAD) announced plans to expand its online, on-demand real estate services into California in early 2022, targeting Riverside, Sacramento, and San Bernardino. This expansion aims to provide homeowners with a streamlined digital experience and is expected to increase Offerpad’s market presence to 24 markets and over 1,600 cities. The company will introduce services like Offerpad EXPRESS for quick cash offers and Offerpad FLEX for flexible listing options. The expansion reflects Offerpad's mission to enhance convenience in real estate transactions.