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    Luke Edward Meindl • JMP Securities

    Luke Edward Meindl is an Equity Research Associate at Citizens JMP Securities, with a specialization in the Internet sector since October 2022. He supports coverage of public technology companies, contributing detailed analysis and reports that help inform institutional investors, though specific covered company names and precise performance metrics such as success rates or analyst ranking are not publicly available. Meindl began his professional career as an Analyst at BNY Mellon from August 2021 to October 2022 before joining Citizens JMP Securities, following completion of dual degrees in Finance and African Studies from Penn State University in 2021. He is a FINRA-registered broker, holding credentials with Citizens JMP Securities, LLC, demonstrating compliance with industry regulatory requirements.

    Luke Edward Meindl's questions to Offerpad Solutions Inc (OPAD) leadership

    Luke Edward Meindl's questions to Offerpad Solutions Inc (OPAD) leadership • Q4 2024

    Question

    Speaking for Nick Jones, Luke Edward Meindl asked about the expected quarterly ramp-up toward the 1,000 homes per month acquisition target, especially given challenging industry conditions.

    Answer

    CFO Peter Knag described the 1,000 homes target as a 'Northstar' but emphasized that the mix of offerings, including asset-light services, is also critical. Knag stated that while Offerpad will not reach the 1,000-home target in Q1 or Q2, the company expects to move sequentially toward that level and be in that 'neighborhood' as it exits the year. He also noted an expectation to achieve a run-rate of adjusted EBITDA breakeven by year-end, driven by process improvements and growth in platform services.

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