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(1) Includes stock-based compensation as follows: Common stock—par value $0.001 per share; 500,000,000 shares authorized; 93,957,774 and 93,001,597 shares issued and outstanding, respectively, Total liabilities and stockholders' equity. For the second quarter of 2020 we expect: Conference CallRedfin will webcast a conference call to discuss the results at 1:30 p.m. Pacific Time today. Revenue increased 73% year-over-year to $191 million during the first quarter. Analysts think Redfin could cross the $1 billion revenue mark in the coming year, making it a well-established player in this competitive market. Still, over the nine months ending Sept. 30, RedfinNow's expansion increased its revenue by $28.8 million compared to the same period in 2019. We encourage investors and others interested in our company to review and subscribe to the information we post on our company blog, as some of the information may be material. In response to strengthening homebuying demand in late April, began to unwind some of the actions taken in March and early April. Operating expenses were $50 million, a decrease of 17% from $61 million in the second quarter of 2019. Pivoted its strategic priorities and business operations, including temporarily pausing making offers for homes through RedfinNow and shifting engineering focus to building software for the virtual brokerage. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. ... short November 2020 $35 puts on Redfin. Since its March low, Redfin's stock is up more than 400%. Cut executive compensation and bonuses, eliminated bonuses for headquarters employees and temporarily cut headquarters salaries between 10% and 15%. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $868.49 Million in 2020, which will be +11.4% more from revenue generated by the company last year. Established a company-wide COVID-19 response team to monitor all state and local government orders and provide real-time guidance to employees. Depreciation and amortization was $3.6 million, up from $2.2 million in the second quarter of 2019. Welcome! Redfin Revenue Per Employee yearly trend continues to be quite stable with very little volatility. www.redfin.com/blog/coronavirus-housing-market-news, http://www.prnewswire.com/news-releases/redfin-first-quarter-2020-revenue-up-73-year-over-year-to-191-million-301055203.html, Launched Redfin Premier, a luxury service offering enhanced local and international marketing, as well as high-end photography and branding for million-dollar homes. Gross profit: Q4 = 51%, full year = 21%. Redfin and Zillow Are Both Evolving, ... Dec 19, 2020 at 6:45AM ... but the revenue decreased 1% year-over-year to $237 million during the third quarter. The webcast will be open to the public at http://investors.redfin.com. Redfin's total revenue for the first nine months of 2020 is up 17.4% compared with the same period last year. The company had revenue of $236.92 million for the quarter, compared to the consensus estimate of $216.52 million. The webcast will remain available on the investor relations website for at least three months following the conference call. SEATTLE, May 7, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the first quarter ended March 31, 2020. Revenue increased 8% year-over-year to $214 million during the second quarter. Operating expenses were 37% of revenue, down from 64% in the first quarter of 2019. For the fourth quarter of 2020 we expect: Total revenue between $226 million and $233 million, representing a year-over-year decrease between 3% and 0% compared to the fourth quarter of 2019. Continued to navigate through COVID-19 and adapt to rapid shifts in the housing market and economy by creating new technologies and policies to keep customers and employees safe. Redfin (RDFN) delivered earnings and revenue surprises of 66.67% and 14.39%, respectively, for the quarter ended June 2020. Stock-based compensation was $7.2 million, up from $6.4 million in the first quarter of 2019. The Investor Relations website contains information about Redfin's business for stockholders, potential investors, and financial analysts. Since our launch in 2006, we have saved our customers over $800 million and we've helped them buy or sell more than 235,000 homes worth more than $115 billion. Net loss attributable to common stock was $7.9 million. Its market share of 1.04% of U.S. existing home sales by value in the third quarter of 2020 was an increase of .08 percentage points from the third quarter of 2019. Figures show that Redfin Corporation shares have underperformed across the wider relevant industry. Welcomed back most Redfin employees who were furloughed in early April and resumed hiring in a number of markets to meet resurgence of customer demand. Tour homes and make offers with the help of local Redfin real estate agents. Redfin, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $236.92 million for the quarter ended September 2020, surpassing the … Redfin net income for the twelve months ending June 30, 2020 was $-0.069B, a 22.07% decline year-over-year. Redfin and Zillow Are Both Evolving, But in Surprisingly Similar Ways ... 2020 Transcript: ... but the revenue decreased 1% year-over-year to $237 million during the third quarter. Earned a profit in the Redfin Mortgage business in May and June. Increased the prominence and visibility of 3D Virtual Walkthroughs on all Redfin listings. The webcast will be open to the public at http://investors.redfin.com. ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Redfin's revenues are gauged from an analysis of company filings. The price of 9500 SE Revenue Rd has decreased $50,000 during that time. Our mission is to redefine real estate in the consumer's favor. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%. Redfin had $501 million in cash and short-term investments and only $124 million in debt on its balance sheet at the end of Sept. 2020. Redfin (RDFN) delivered earnings and revenue surprises of 66.67% and 14.39%, respectively, for the quarter ended June 2020. Redfin’s revenue was down .7% compared to the same quarter last year. About RedfinRedfin (www.redfin.com) is a technology-powered residential real estate company. Redfin Corporation [NASDAQ: RDFN] traded at a high on 12/14/20, posting a 7.72 gain after which it closed the day’ session at $64.31. For the third quarter of 2020 we expect: Total revenue between $214 million and $225 million, representing a year-over-year decrease between 10% and 6% compared to the third quarter of 2019. Strengthened the company's long-term competitive advantage as the virtual brokerage leader with new tools and features, including: Making it easier for customers to request an in person or virtual tour or listing appointment and giving agents the power to specify their preference for in-person or video appointments within Redfin's proprietary scheduling software; Updating the web and mobile search experience to highlight homes with virtual walkthroughs and recorded video tours; Launching a new Agent Dashboard, allowing agents from any brokerage to upload a video tour or virtual walkthrough to Redfin; Launching a virtual comparative market analysis presentation for Redfin agents to present to a seller during consultation; Creating a Shortlist feature, a new way for homebuyers to categorize and highlight the top homes among their Redfin Favorites and communicate preferences with their agent; Developing new tools for homeowners to easily request a home valuation analysis and more easily compare a RedfinNow cash offer to listing with an agent. Interest income was $0.4 million and interest expense was $2.7 million, compared to $1.9 million and $2.2 million, respectively, in the second quarter of 2019. Redfin, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $236.92 million for the quarter ended September 2020, surpassing the … The following forward-looking statements reflect Redfin's expectations as of July 30, 2020, and are subject to substantial uncertainty. We undertake no obligation to update forward-looking statements to reflect future events or circumstances. The company had revenue of $236.92 million for the quarter, compared to analysts’ expectations of $216.52 million. Redfin posts $191M in Q1 revenue; CEO says tech will help real estate giant navigate COVID-19 crisis by Taylor Soper on May 7, 2020 at 1:51 pm May 8, 2020 … Consolidated Statements of Comprehensive Loss, (in thousands, except share and per share amounts, unaudited), Net loss attributable to common stock—basic and diluted, Net loss per share attributable to common stock—basic and diluted, Weighted average shares of common stock—basic and diluted. Redfin Revenue Per Employee yearly trend continues to be quite stable with very little volatility. Over the past two months, Redfin's online visits and customer inquiries have been growing at a faster rate than at any point in the last three years. SEATTLE - February 12, 2020 - Redfin Corporation (NASDAQ: RDFN) today announced financial results for the fourth quarter and full year ended December 31, 2019. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $868.49 Million in 2020, which will be +11.4% more from revenue generated by the company last year. This compares to year-ago revenues of $238.68 million. Redfin Annual Revenue and Growth Rate. We believe our expectations related to these forward-looking statements are reasonable, but actual results may turn out to be materially different. All rights reserved. Real estate services gross profit was $15 million, an increase of 195% from $5 million in the first quarter of 2019. Its real estate services gross profit increased 70% year-over-year to $91.9 million, yielding a gross margin of 43.8%. The webcast will remain available on the investor relations website for at least three months following the conference call. Then, in order to account for both the sell- and buy-side components of each transaction, we divide that value by two-times the estimated aggregate value of U.S. home sales. Redfin may post updates about COVID-19's impact on the U.S. residential real estate industry or its business on its company blog at www.redfin.com/blog/coronavirus-housing-market-news. Based on Redfin's Ellenwood data, we estimate the home's value is $380,594. The following forward-looking statements reflect Redfin's expectations as of November 5, 2020, and are subject to substantial uncertainty. This 1,724 square foot house sits on a 1 acre lot and features 4 bedrooms and 1 bathroom. Stock-based compensation was $7.2 million, up from $5.9 million in the second quarter of 2019. Redfin says last year's revenue was well above $100 million under CEO Glenn Kelman. The value of Revenue Per Employee is projected to decrease to about 191.8 K.From the period between 2010 and 2020, Redfin, Revenue Per Employee regression line of its data series had standard deviation of 37,159 and standard deviation of 37,159. The company report on December 10, 2020 that Home Values Drop 21% From Last Year in Northern California Town Devastated By 2018 Wildfires.. Get the hottest stocks to trade every day before the market opens 100% free. From the period between 2010 and 2020, Redfin, Revenue to Assets regression line of its data series had standard deviation of 0.26 and standard deviation of 0.26. From the period between 2010 and 2020, Redfin, Revenue to Assets regression line of its data series had standard deviation of 0.26 and standard deviation of 0.26. Gross profit was $46 million, a decrease of 5% from $48 million in the second quarter of 2019. SEATTLE, July 30, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the second quarter ended June 30, 2020. Patent pending. We calculate our market share by aggregating the home value of brokerage and partner real estate services transactions. The software also lets the customer select their preferred video chat application and provides market-specific messages and touring options based on local ordinances. Real estate services gross margin was 14%, compared to 6% in the first quarter of 2019. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of federal securities laws, including our future operating results, as described under Business Outlook, and expansion of our Redfin Premiere service offering. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%. Founder: David Eraker. Redfin Revenue Est. Net loss per share, basic and diluted, was $0.64, compared to net loss per share, basic and diluted, of $0.74 in the first quarter of 2019. Do the numbers hold clues to what lies ahead for the stock? We do this by pairing our own agents with our own technology to create a service that is faster, better, and costs less. 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