Opendoor Technologies is trading at $1.63 (-8.93%) on November 6 after its November 5 results included a revenue miss and a setback on its profitability goal.
- Q3 revenue was $1.02 billion, below estimates; management said it was behind its goal of positive adjusted net income by year-end.
- Q4 guidance called for a $70–$85 million adjusted EBITDA loss, adding to investor concerns about profitability and slower market conditions.