Opendoor Technologies Inc. (NASDAQ:OPEN) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET

Company Participants

Whitney Kukulka - IR

Carrie Wheeler - CEO

Christina Schwartz - Interim CFO

Dod Fraser - President, Open Exchange

Conference Call Participants

Dae Lee - JPMorgan

Chad Larkin - Oppenheimer

Ygal Arounian - Citi Group

Nick Jones - JMP Securities

Ryan Tomasello - KBW

Curtis Nagle - Bank of America

Ryan McKeveny - Zelman and Associates

Operator

Good day, and thank you for standing by. Welcome to the Opendoor Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your speaker today, Whitney Kukulka, Investor Relations of Blueshirt Group. Please go ahead.

Whitney Kukulka

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 simultaneously be 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 law. All statements other than statements of historical fact are statements that could be deemed forward looking, including but not limited to statements regarding Opendoors' financial condition, 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 Opendoors most recent Annual Report on Form 10-K for the year ended December 31, 2022 as updated by our periodic reports filed after that 10-K.

Any forward-looking statements made on this conference call including responses to your questions are based on management's reasonable current expectations and assumptions as of today and Opendoor assumes no obligation to update or revise them whether as a result of new information, future events or otherwise, except as required by law.