Revenue yoy: +$95.8mm / +43%
Gross profit: $29.2mm / +36% from 4Q’16
Gross Margin 30% / -2% from 4Q’16
Real Estate Gross PRofit $29.7mm / +36% from 4Q’16
Real Estate Gross Margin 33% - same as 4Q’16
Operating Expenses $31.5mm / +18% from 4Q’16
Operating Expenses were 33% of revenue / -7% from 4Q’16
Net loss $1.8mm compared to loss of $5.3mm in 4Q’16
Austin:
Have you done a compare and contrast with Zillow’s financials, growth prospects, business strategy?
Did you ask actual traditional agents what the asking price should be? You had an offer in 2 days, raising at least some question whether you priced it optimally.
The reduced commission would be peanuts compared to selling at a lower price IMO…whereas, they just want to move the merchandise.
Thanks for sharing your story…I am already in Zillow that has done well while redfin has traded sidewise the past year…with such a growth rate in revenue…why does the market show them no respect?