Opendoor Technologies Inc. (NASDAQ:OPEN) Q3 2023 Earnings Call Transcript

So all those things, frankly, make us feel good about the volume assumptions we’re making for 2024. We’re always going to operate within a risk framework. We’re always going to be responsive to what is going on in housing. It is very dynamic. The risk management framework is imperative to us. We’re always going to be balancing inflows and outflows like we did in fourth quarter reacting to the mortgage rates spike. But, I mean, at a high level, we’re still on track to continue to increase our volumes.

Operator: Thank you. And I’m currently showing no further questions at this time. I’d like to hand the call back over to Carrie Wheeler for closing remarks.

Carrie Wheeler: Great. Thank you. First of all, thank you for joining us today. As we exit 2023, I just want to stand proud of the work that the Opendoor team has been doing to be just a stronger, more resilient company. The housing market for sure continues to be challenging, but I am confident the changes we’ve been working on this year we’ve implemented will benefit for years to come. Have no doubt about it, we are very focused on getting back to positive cash flow. And we’re committed that we’re going to manage our cost structure and our balance sheet to ensure that we get there because the option we have in front of us is massive and we’re committed to delivering against it. So thank you for listening to us today and we look forward to speaking with you all next quarter.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.