Offerpad Solutions sees Q3 revenue $200M-$240M, consensus $295.53M

Sees Q3 adjusted EBITDA loss $9M-$17M. Sees Q3 homes sold 600-700. “Our results in the first half of this year indicate that the business has stabilized and positive momentum is building,” said Jawad Ahsan, CFO of Offerpad. “In the third quarter, we expect that momentum to continue with sequential improvement in our key performance metrics, including Gross Margin, Net Loss and Adjusted EBITDA. We also expect Q3 to reflect quarter-over-quarter improvement in time to cash, as well as increases in Acquisitions, Inventory and Contribution Margin after Interest,” said Ahsan.