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    Dae K. Lee

    Vice President and Senior Analyst at JPMorgan

    Dae K. Lee is a Vice President and Senior Analyst at J.P. Morgan specializing in U.S. Internet and Basic Materials sectors, with notable expertise in equity research across e-commerce, online advertising, and real estate technology. He directly covers leading companies such as Amazon, DoorDash, Chewy, Meta Platforms, Instacart, Zillow Group, Redfin, and Eventbrite, and has established a robust performance track record, achieving a 65.52% success rate and an average return of 9.10% per equity recommendation as ranked on TipRanks. Lee began his analyst career in the mid-2010s, joining J.P. Morgan after earning his CFA and working in financial research roles, and he now co-authors major industry publications for J.P. Morgan Securities LLC. His credentials include FINRA registration and the Chartered Financial Analyst designation.

    Dae K. Lee's questions to Offerpad Solutions (OPAD) leadership

    Dae K. Lee's questions to Offerpad Solutions (OPAD) leadership • Q4 2024

    Question

    Inquired about the primary factors influencing the Q1 home acquisition outlook, what is needed for the company to acquire homes more confidently, and for clarification on the Q1 adjusted EBITDA guidance.

    Answer

    The cautious Q1 acquisition outlook is due to expectations of a flatter market than previously anticipated. To gain confidence, the company is focusing on buying the 'right' inventory in specific market pockets and leveraging its improved offer process. Adjusted EBITDA is expected to improve sequentially quarter-over-quarter throughout the year, driven by both top-line growth and significant, ongoing operating expense reductions.

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