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00:02Open Door Technologies reported a fourth quarter loss of 7 cents per share on $736 million in
00:08revenue, beating analyst estimates for a loss of 10 cents per share on $594.02 million.
00:15The company purchased 1,706 homes, up 46% quarter over quarter, and sold 1,978 homes.
00:23Homes on the market over 120 days declined from 51% to 33% sequentially.
00:30CEO Kasnijasian said results reflected structural improvements in pricing, inventory turns,
00:35and selection.
00:36Open Door expects first quarter revenue to decrease about 10% year over year and anticipates an
00:42adjusted EBITDA loss in the low to mid $30 millions.
00:45Shares rose 13.76% to $5.35 in after hours trading.
00:51For all things money, visit Benzinga.com.
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