There have been 9 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. Redfin’s revenue was down .7% on a year-over-year basis. We encourage investors and others interested in our company to review and subscribe to the information we post on our company blog, as some of the information may be material. Since our launch in 2006, we have saved our customers over $800 million and we've helped them buy or sell more than 235,000 homes worth more than $115 billion. Net loss was $6.6 million, compared to net loss of $12.6 million in the second quarter of 2019. Dividend on our convertible preferred stock issued in April 2020 was $1.3 million in the second quarter. Its market share of 1.04% of U.S. existing home sales by value in the third quarter of 2020 was an increase of .08 percentage points from the third quarter of 2019. We were the first major broker to encourage homebuyers to tour homes via video-chat, on March 3; the first to warn the public of a possible housing-market downturn, on March 4; the first to cancel all open houses to protect public health, on March 16; and the first to offer homebuyers self-service access to the listings being sold by our customers, on April 23. Expanded self-service technology by launching Direct Access for our home selling customers in 13 markets. In response to strengthening homebuying demand in late April, began to unwind some of the actions taken in March and early April. Developed, produced, and launched new television ads focusing on Redfin's virtual brokerage capabilities. Net loss per share, basic and diluted, was $0.64, compared to net loss per share, basic and diluted, of $0.74 in the first quarter of 2019. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading "Risk Factors" in our annual report for the year ended December 31, 2019, as supplemented by our quarterly report for the quarter ended June 30, 2020, both of which are available on our Investor Relations website at http://investors.redfin.com and on the SEC website at www.sec.gov. Redfin has 2,993 employees across 36 locations and $267.20 M in annual revenue in FY 2016. This house has been listed on Redfin since October 01, 2020 and is currently priced at $549,000. This compares to year-ago revenues of $238.68 million. Operating expenses were $50 million, a decrease of 17% from $61 million in the second quarter of 2019. SEATTLE, Nov. 5, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the third quarter ended September 30, 2020. Unrealized gain (loss) on available-for-sale securities. Patent pending. Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer's favor in a commission-driven industry. For the second quarter of 2020 we expect: Total revenue between $179 million and $189 million, representing a year-over-year decrease between 9% … 4539 Revenue Trl was built in 2016. Net loss attributable to common stock was $7.9 million. Redfin’s Properties segment, which includes RedfinNow, posted revenue of $19 million in the third quarter, down from $80 million last year, while gross losses grew to $1.5 million from $745,000. (1) Includes stock-based compensation as follows: Common stock—par value $0.001 per share; 500,000,000 shares authorized; 93,957,774 and 93,001,597 shares issued and outstanding, respectively, Total liabilities and stockholders' equity. November 6, 2020, 2:51 pm By Julia Falcon Redfin saw a revenue decrease of 1% year over year, to $237 million in the third quarter, above the company’s projected revenue of … Redfin Revenue Est. © 2020, Redfin. © 2020, Redfin. For the week ended. (1) Includes stock-based compensation as follows: (2) Includes direct and incremental costs related to COVID-19 of $7,525, which are partially offset by $1,292 in employee retention credits allowed under the CARES Act, for the three and six months ended June 30, 2020, Liabilities, mezzanine equity and stockholders' equity, Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 and no shares issued and outstanding, respectively, Common stock—par value $0.001 per share; 500,000,000 shares authorized; 99,394,432 and 93,001,597 shares issued and outstanding, respectively, Total liabilities, mezzanine equity and stockholders' equity. Redfin annual net income for 2017 was $-0.191B, a 144.68% increase from 2016. See the 10 stocks *Stock Advisor returns as of November 20, 2020. Founder: David Eraker. Still, over the nine months ending Sept. 30, RedfinNow's expansion increased its revenue by $28.8 million compared to the same period in 2019. SEATTLE - February 12, 2020 - Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2019. Search all real estate listings. RedfinNow will resume making offers on homes in select markets in May. The value of Revenue Per Employee is projected to decrease to about 191.8 K.From the period between 2010 and 2020, Redfin, Revenue Per Employee regression line of its data series had standard deviation of 37,159 and standard deviation of 37,159. Look at the Q3 2020 numbers for Redfin and you’ll see: Revenue was down 1% yoy to $236 million. Gross profit was $13 million, an increase of 368% from $3 million in the first quarter of 2019. Redfin (RDFN) delivered earnings and revenue surprises of 66.67% and 14.39%, respectively, for the quarter ended June 2020. All rights reserved. The software also lets the customer select their preferred video chat application and provides market-specific messages and touring options based on local ordinances. The company also plans to resume television advertising with new ads in select markets, and in early May, asked approximately 135 employees to return from furlough to serve renewed homebuying demand. This 1,724 square foot house sits on a 1 acre lot and features 4 bedrooms and 1 bathroom. Transcript: Jason Hall: Zillow and Redfin, a lot of people just assume they're the same thing. For the third quarter of 2020 we expect: Total revenue between $214 million and $225 million, representing a year-over-year decrease between 10% and 6% compared to the third quarter of 2019. Real estate services gross margin was 34%, compared to 32% in the second quarter of 2019. Redfin’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. The Company provides an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. Depreciation and amortization was $3.6 million, up from $2.2 million in the second quarter of 2019. We offer brokerage, iBuying, mortgage, and title services, and we also run the country's #1 real estate search site, offering a host of online tools to consumers, including the Redfin Estimate. www.redfin.com/blog/coronavirus-housing-market-news, http://www.prnewswire.com/news-releases/redfin-first-quarter-2020-revenue-up-73-year-over-year-to-191-million-301055203.html, Launched Redfin Premier, a luxury service offering enhanced local and international marketing, as well as high-end photography and branding for million-dollar homes. * redfin fourth-quarter 2017 revenue up 43% year-over-year to $95.8 million BRIEF-Timothy C. Draper Reports 8.92 pct Passive Stake In Redfin Corp As Of Dec. 31, 2017 We undertake no obligation to update forward-looking statements to reflect future events or circumstances. Recommitted to ongoing efforts to make Redfin a more diverse, inclusive, and equitable workplace and to fight racism and discrimination in the real estate industry, including: Committing to set diversity-related goals for executives' 2021 performance bonuses; Reporting on diversity metrics on our quarterly earnings calls; Extending inclusive management training to all managers in the third quarter; and. Pivoted its strategic priorities and business operations, including temporarily pausing making offers for homes through RedfinNow and shifting engineering focus to building software for the virtual brokerage. Operating expenses were $70 million, flat from $70 million in the first quarter of 2019. Redfin has big goals for RedfinNow going into 2021. And its net income has increased 403.8% year-over-year to … We calculate our market share by aggregating the home value of brokerage and partner real estate services transactions. Redfin Fourth-Quarter 2019 Revenue up 88% Year-over-Year to $233 Million. Real estate services gross margin was 14%, compared to 6% in the first quarter of 2019. By Tim Biggam, InvestorPlace Contributor Dec 18, 2020, 12:28 pm EST December 18, 2020 Shares of Redfin (NASDAQ: RDFN ) continue to climb seemingly unabated. Redfin Revenue Per Employee yearly trend continues to be quite stable with very little volatility. Operating expenses were 24% of revenue, down from 31% in the second quarter of 2019. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Over the past two months, Redfin's online visits and customer inquiries have been growing at a faster rate than at any point in the last three years. While Redfin improved its net loss in Q4 at $0.08/share, basic and diluted, versus $0.14 a year ago (better than the company’s prior guidance), the company still lost $0.88 for the full year versus $0.49 in 2018. Founded by software engineers, we run the country's #1 most-visited brokerage website and offer a host of online tools to consumers, including the Redfin Estimate. Redfin (NASDAQ:RDFN): Q3 GAAP EPS of $0.30 beats by $0.25.Revenue of $237M (-0.7% Y/Y) beats by $19.57M.Visitors to website and mobile application grew by … In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $868.49 Million in 2020, which will be +11.4% more from revenue generated by the company last year. Interest income was $1.1 million and interest expense was $2.4 million, compared to $2.3 million and $2.1 million, respectively, in the first quarter of 2019. And its net income has increased 403.8% year-over-year to … But what matters most isn't what we built prior to this pandemic; it's how we've reacted since. All financial measures, unless otherwise noted, are presented on a GAAP basis and include stock-based compensation as well as depreciation and amortization expenses. Redfin, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $236.92 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 0.82%. In April, reduced its number of employees by approximately 400 people, which represented approximately 10% of employees, and placed approximately an additional 1,000 employees on furlough. Its real estate services gross profit increased 70% year-over-year to $91.9 million, yielding a gross margin of 43.8%. Operating expenses were 37% of revenue, down from 64% in the first quarter of 2019. Gross profit of $93 million was up 74% yoy. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%. During the same period in the previous year, the business posted $0.07 EPS. Established a company-wide COVID-19 response team to monitor all state and local government orders and provide real-time guidance to employees. Encouraged customers to take advantage of the digital closing capabilities of Redfin Mortgage and Title Forward in markets where the law allows them. Redfin’s Properties segment, which includes RedfinNow, posted revenue of $19 million in the third quarter, down from $80 million last year, while gross losses grew to $1.5 million from $745,000. The price of 9500 SE Revenue Rd has decreased $50,000 during that time. Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Amortization of debt discount and issuance costs, Accrued liabilities, other payables, and non-current payroll tax liabilities, Proceeds from sale of loans originated as held for sale, Net cash provided by (used in) operating activities, Proceeds from the issuance of convertible preferred stock, net of issuance costs, Proceeds from the issuance of common stock, net of issuance costs, Proceeds from the issuance of shares resulting from employee equity plans, Tax payments related to net share settlements on restricted stock units, Borrowings from warehouse credit facilities, Repayments to warehouse credit facilities, Borrowings from secured revolving credit facility, Repayments to secured revolving credit facility, Principal payments for finance lease obligations, Net cash provided by financing activities, Effect of exchange rate changes on cash and cash equivalents, Net change in cash, cash equivalents, and restricted cash. This press release contains forward-looking statements within the meaning of federal securities laws, including our future operating results, as described under Business Outlook. Since its March low, Redfin’s stock is up more than 400%. Since its March low, Redfin's stock is up more than 400%. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. Tour homes and make offers with the help of local Redfin real estate agents. May 07, 2020 The company raked in $191 million during the first quarter of 2020 despite economic chaos from the coronavirus. Figures show that Redfin Corporation shares have underperformed across the wider relevant industry. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. The average estimate is representing an increase of -0.2% in sales growth from that of posted by the company in the same quarter of last year. Consolidated Statements of Comprehensive Loss, (in thousands, except share and per share amounts, unaudited), Net loss per share attributable to common stock—basic and diluted, Weighted average shares of common stock—basic and diluted, Unrealized gain on available-for-sale securities. We're inside a tornado, hiring agents, lenders and closing specialists at breakneck speed to keep up with demand, but also mindful that the bottom of the economy could fall out a second time.". SEATTLE, July 30, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the second quarter ended June 30, 2020. Based on Redfin's Ellenwood data, we estimate the home's value is $380,594. Redfin reported Thursday that its revenue grew 73 percent during the first quarter of 2020, compared to the same period one year earlier, easily beating analyst expectations for the company. 9500 SE Revenue Rd is a house in Boring, OR 97009. 9500 SE Revenue Rd was built in 1934. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Real estate services gross profit was $15 million, an increase of 195% from $5 million in the first quarter of 2019. Redfin and Zillow Are Both Evolving, But in Surprisingly Similar Ways ... 2020 Transcript: ... but the revenue decreased 1% year-over-year to $237 million during the third quarter. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%. "Within the span of a single quarter, year-over-year changes in demand went from -41% to +40%, a level of volatility that I have never seen in nearly 30 years of business. 9500 SE Revenue Rd is a house in Boring, OR 97009. The price of 9500 SE Revenue Rd has decreased $50,000 during that time. The company report on December 10, 2020 that Home Values Drop 21% From Last Year in Northern California Town Devastated By 2018 Wildfires.. Get the hottest stocks to trade every day before the market opens 100% free. The program was introduced in, Expanded the brokerage's national footprint by launching agent service in, As soon as cases of COVID-19 were being reported in the. Redfin and Zillow Are Both Evolving, ... Dec 19, 2020 at 6:45AM ... but the revenue decreased 1% year-over-year to $237 million during the third quarter. Announcing a commitment to launch an executive- and employee-funded philanthropic effort to increase housing access for low-income or under-served communities. Analysts think Redfin could cross the $1 billion revenue mark in the coming year, making it a well-established player in this competitive market. Log into your account. The reason we're working so hard is to bring back all the colleagues and friends we lost in our April furlough.". Redfin, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $236.92 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 0.82%. Cash, cash equivalents, and restricted cash: Supplemental Financial Information and Business Metrics, Real estate services revenue per transaction, Aggregate home value of real estate services transactions (in millions), Revenue from top-10 Redfin markets as a percentage of real estate services revenue, View original content to download multimedia:http://www.prnewswire.com/news-releases/redfin-second-quarter-2020-revenue-up-8-year-over-year-to-214-million-301103387.html, Investor Relations, Elena Perron, 206-576-8610, ir@redfin.com; Public Relations, Mariam Sughayer, 206-876-1322, press@redfin.com, Redfin Second-Quarter 2020 Revenue up 8% Year-over-Year to $214 million. View Redfin stock / share price, financial statements, key ratios and more at Craft. The webcast will remain available on the investor relations website for at least three months following the conference call. We undertake no obligation to update forward-looking statements to reflect future events or circumstances. Redfin pockets the extra 1.5% without taking on any risk, but the customer ultimately ends up paying an average real estate commission for well-above-average value. Redfin Revenue to Assets yearly trend continues to be quite stable with very little volatility. Consolidated Statements of Comprehensive Loss, (in thousands, except share and per share amounts, unaudited), Net loss attributable to common stock—basic and diluted, Net loss per share attributable to common stock—basic and diluted, Weighted average shares of common stock—basic and diluted. Then, in order to account for both the sell- and buy-side components of each transaction, we divide that value by two-times the estimated aggregate value of U.S. home sales. All rights reserved. And there are still so many firsts ahead of us. Redfin posts $191M in Q1 revenue; CEO says tech will help real estate giant navigate COVID-19 crisis by Taylor Soper on May 7, 2020 at 1:51 pm May 8, 2020 … Patent pending. Net loss was $60 million, compared to net loss of $67 million in the first quarter of 2019. We believe our expectations related to these forward-looking statements are reasonable, but actual results may turn out to be materially different. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of federal securities laws, including our future operating results, as described under Business Outlook, and expansion of our Redfin Premiere service offering. Redfin … The webcast will remain available on the investor relations website for at least three months following the conference call. Consider this: At the time of its Aug. 12 IPO, Beike was already a massive company -- generating about $3.9 billion in revenue in the first half of 2020. Redfin Revenue Per Employee yearly trend continues to be quite stable with very little volatility. Redfin market cap is $5.4 b, and annual revenue was $267.20 m in FY 2016. Redfin … 4539 Revenue Trl is a house in Ellenwood, GA 30294. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading "Risk Factors" in our annual report for the year ended December 31, 2019, as supplemented by our quarterly report for the quarter ended March 31, 2020, both of which are available on our Investor Relations website at http://investors.redfin.com and on the SEC website at www.sec.gov. Redfin's total revenue for the first nine months of 2020 is up 17.4% compared with the same period last year. This 1,724 square foot house sits on a 1 acre lot and features 4 bedrooms and 1 bathroom. SEATTLE, Nov. 5, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the third quarter ended September 30, 2020. Business OutlookThe following forward-looking statements reflect Redfin's expectations as of May 7, 2020, and are subject to substantial uncertainty. To date it has closed more than $20 billion in home sales. The following forward-looking statements reflect Redfin's expectations as of May 7, 2020, and are subject to substantial uncertainty. We represent people buying and selling homes in over 90 markets in the United States and Canada. Cut executive compensation and bonuses, eliminated bonuses for headquarters employees and temporarily cut headquarters salaries between 10% and 15%. Redfin managed to grow its revenue 8% year over year in the second quarter and did a fantastic job trimming its operating expenses. 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