Jan. 16 at 6:54 PM
$OPAD To get back near its SPAC valuation, OPAD would need a full turnaround and they are moving in the right direction.
First, consistent profitability. OPAD has been aggressively cutting costs, shrinking operating expenses, and narrowing EBITDA losses. Recent quarters show materially smaller losses versus prior years, signaling better cost discipline.
Second, balance-sheet repair. The company has raised capital to improve liquidity and extend its runway. While dilution isn’t ideal, it has reduced near-term survival risk.
Third, durable margins. Gross profit per home and unit economics have improved, helped by tighter inventory discipline and faster turns. OPAD is also leaning more into asset-light services (like renovations and seller services), which carry higher margins and lower capital risk.
Fourth, cycle positioning. Management has intentionally pulled back on home acquisitions, preserving cash and optionality so they can scale volumes when housing conditions improve.
