Opendoor Technologies, Inc. (OPEN) Q1 2023 Earnings Call Transcript

Opendoor Technologies, Inc. (NASDAQ:OPEN) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET

Company Participants

Elise Wang - VP & Head, IR
Carrie Wheeler - CEO & Director
Christina Schwartz - Interim CFO & CAO
Dod Fraser - President, Open Exchange & Capital

Conference Call Participants

Nicholas Jones - JMP Securities
Dae Lee - JPMorgan Chase & Co
Ryan Tomasello - KBW
Jay McCanless - Wedbush Securities

Operator

Good day, and thank you for standing by. Welcome to the Opendoor Technologies First Quarter 2023 Earnings Conference Call. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Elise Wang, Vice President, Investor Relations. Please go ahead.

Elise Wang

Thank you, and good afternoon. Details of our results and additional management commentary are available in our earnings release and shareholder letter, which can be found on the Investor Relations section of our website at investor.opendoor.com. Please note that this call will be simultaneously webcast on the Investor Relations section of the company's corporate website.

Before we start, I would like to remind you that the following discussion contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are statements that could be deemed forward-looking, including, but not limited to, statements regarding Opendoor ncial conditions, anticipated financial performance, business strategy and plans, market opportunity and expansion and management objectives for future operations.

These statements are neither promises nor guarantees and undue reliance should not be placed on them. Such forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found in the Risk Factors section of Opendoor's most recent annual report on Form 10-K for the