Tag: robert refkin

CEO Robert Refkin says he expects the company to be free cash flow positive for the full year of 2023

The company also reported a net loss of $154 million, up from a loss of $100 million last year

Reelitz formerly Served as CFO and COO at Cushman Wakefield Americas

Revenue increased 4 percent year-over-year to a second quarter record of $2 billion

The brokerage plans to eliminate 10 percent of full-time positions—not agents

On the positive side, quarterly revenue was up 25 percent year-over-year to $1.4 billion

At the same time, the company lost $175 million during the same time period

The company’s technology and services platform helped deliver 36 percent transaction growth compared to the prior year

The company nearly doubled its market share year-over-year, expecting profitability in 2022

OriginPoint is expected to launch in select Compass markets by the end of the year