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Offerpad Solutions Inc. (NYSE:OPAD) jumped 25% in Tuesday's pre-market session, rising to $1.50 after closing at $1.20 on Monday, according to Benzinga Pro data.
Check out the current price of OPAD stock here.
What Happened: The surge in stock value of the Arizona-based real estate technology company followed the release of its second-quarter financial results.
Offerpad’s second-quarter revenue was reported at $160.3 million, with 452 homes sold during the period. The company also highlighted a successful capital raise and the expansion of its HomePro service, which is now operational in all markets.
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Offerpad is also advancing complementary services like HomePro, which enhances how it delivers solutions in person. CFO Peter Knag noted, "These strategic investments support our asset-light approach and long-term growth," emphasizing the role of these initiatives in supporting the company's long-term strategy.
Offerpad anticipates third-quarter 2025 revenue between $130 million and $150 million, with 360 to 410 homes sold.
Why It Matters: The increase in Offerpad’s stock value during after-hours trading follows the release of its second-quarter financial results.
According to the quarterly report, Offerpad’s third-quarter revenue is projected to be between $130 million and $150 million, as announced on Monday. This forecast, combined with the positive market reaction to the second-quarter results, suggests that investors are optimistic about Offerpad’s future performance.
Despite the strong quarterly performance, OPAD shares remain down 55.22% year-to-date, trading in a 52-week range of $0.91-$5.13 with a market capitalization of $36.48 million.
Benzinga's Edge Stock Rankings indicates OPAD stock has a Value score of 84.56. Know the stock value of other biotechnology companies.
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Photo Courtesy: Kidsada Manchinda on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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