Offerpad Solutions Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 230.15 million compared to USD 1,079.53 million a year ago. Net loss was USD 22.34 million compared to net income of USD 11.56 million a year ago. Basic loss per share from continuing operations was USD 0.82 compared to basic earnings per share from continuing operations of USD 0.71 a year ago. Diluted loss per share from continuing operations was USD 0.82 compared to diluted earnings per share from continuing operations of USD 0.66 a year ago.
For the six months, sales was USD 839.73 million compared to USD 2,453.37 million a year ago. Net loss was USD 81.79 million compared to net income of USD 52.55 million a year ago. Basic loss per share from continuing operations was USD 3.21 compared to basic earnings per share from continuing operations of USD 3.24 a year ago. Diluted loss per share from continuing operations was USD 3.21 compared to diluted earnings per share from continuing operations of USD 3.03 a year ago.