– iBuyer forecasts selling anywhere between 750 and 850 homes in the first quarter of 2024.
– The tech real estate company pegs its revenue generation between $245 million and $285 million.
– Hitting positive adjusted earnings for this year is a top-line item on their business agenda.
In the realm of high-tech real estate, iBuyer emerges as one to watch.
Setting the bar high: iBuyer’s Q1 2024 predictions
Our friend iBuyer is bringing out the big guns for 2024—with a sharp pencil and rosy glasses, they see themselves selling a cool 750 to 850 homes in Q1 alone. Hey, who doesn’t like a company with a bit of ambition?
The revenue-minting machine
Not satisfied with just selling houses, iBuyer’s revenue predictions are like staring into Uncle Scrooge’s Money Bin. A hefty haul between $245 million and $285 million is on their treasure map. Making that kind of money, you’d think they were printing it in the basement—without the risk of a visit from the secret service of course!
Chasing those positive vibes
Besides selling homes like hotcakes and earning revenues that would make a Kardashian blush, iBuyer has its sights set on another big trophy: a positive adjusted earnings milestone this year. They’re not wasting any time to show Wall Street they mean business.
A final word of wisdom
In a world that’s more “buy now, think later,” iBuyer seems to be on the right track. A tech real estate firm with high ambitions, a knack for generating revenue that would make Midas envious, and the goal to hit positive earnings by the end of the year—it’s like the unicorn of the real estate world!
But remember, as any seasoned investor will tell you, unicorns can sometimes just be horses with strategically placed ice cream cones. So, will iBuyer live up to its promise, or will the melting ice cream reveal a regular old nag? Only time will tell, but for now, it’s full speed ahead for these high-rolling home sellers. Don’t forget to grab the popcorn—it promises to be an interesting show!
Original article: https://www.inman.com/2024/02/26/offerpad-narrows-q4-loss-expects-to-be-back-in-black-later-this-year/
