Opendoor Technologies Inc. (NASDAQ:OPEN) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET

Company Participants

Elise Wang - Vice President, Investor Relations

Carrie Wheeler - Chief Executive Officer

Christy Schwartz - Interim Chief Financial Officer

Dod Fraser - President, Capital Markets and Enterprise Business

Conference Call Participants

Nick Jones - JMP Securities

Jay McCanless - Wedbush

Chad Larkin - Oppenheimer

Ygal Arounian - Citi

Justin Patterson - KeyBanc Capital Markets

Curtis Nagle - Bank of America

Ryan Tomasello - KBW

Ryan McKeveny - Zelman & Associates

Operator

Good day and thank you for standing by. Welcome to the Opendoor Fourth Quarter 2022 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 hand the conference over to your speaker today, Elise Wang, Vice President of 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 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 Opendoor’s most recent annual report on Form 10-K for the year ended December 31, 2022, as updated by our periodic report filed after that 10-K.

Any forward-looking statements made in 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.