Offerpad Solutions Inc. (NYSE:OPAD) Q2 2023 Results Conference Call August 2, 2023 12:30 PM ET

Company Participants

Stefanie Layton - SVP, IR & ESG

Brian Bair - Chairman, CEO

Jawad Ahsan - CFO

James Grout - SVP, Finance

Conference Call Participants

Dae Lee - JP Morgan

Jay McCanless - Wedbush

John Colantuoni - Jefferies

Michael Ng - Goldman Sachs

Nick Jones - JMP Securities

Ryan Tomasello - Stifel

Operator

Good afternoon. Thank you for attending the Offerpad Second Quarter 2023 Earnings Call. My name is Bethany, and I'll be the moderator for today's call. [Operator Instructions].

I'll now turn the call over to Stefanie Layton, Senior Vice President of Investor Relations and ESG at Offerpad. Stefanie?

Stefanie Layton

Thank you, and good afternoon, everyone. Welcome to Offerpad Solutions Second Quarter 2023 Earnings Call. Our Chairman and Chief Executive Officer, Brian Bair; Chief Financial Officer, Jawad Ahsan; and Senior Vice President, Finance, James Grout, are here with me today.

During the call today, management will make forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain, and events could differ significantly from management's expectations. Please refer to the risks, uncertainties and other factors relating to the company's business described in our filings with the U.S. Securities and Exchange Commission. Except as required by applicable law, Offerpad does not intend to update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

On today's call, management will refer to certain non-GAAP financial measures. These metrics exclude certain items discussed in our earnings release under the heading non-GAAP financial measures. The reconciliations of Offerpad non-GAAP measures to the comparable GAAP measures are available in the financial tables of the second quarter earnings release on Offerpad's website.

I'll now turn the call over to Brian.

Brian Bair

Thanks, Stefanie. Hey, everyone, I appreciate you joining us. Today, I'll cover Q2 highlights, market trends and operational updates.

Before we dig in, I would like to introduce Jawad Ahsan, our new Chief Financial Officer. Jawad is a highly regarded CFO with extensive experience in an accomplished career. He previously served as CFO at Axon and spent 13 years in various roles at GE, including serving as CFO for their health record and enterprise software businesses. I believe his strength and expertise will add significant value to Offerpad by helping drive profitable growth and improving our operational excellence. We are excited to have Jawad as part of our senior leadership team.