eXp World Holdings, Inc. (NASDAQ:EXPI) Q4 2023 Earnings Call Transcript
eXp World Holdings, Inc. (NASDAQ:EXPI) Q4 2023 Earnings Call Transcript February 22, 2024
eXp World Holdings, Inc. misses on earnings expectations. Reported EPS is $-0.14 EPS, expectations were $-0.045. eXp World Holdings, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Denise Garcia: Good afternoon, everyone and welcome to the eXp World Holdings Fourth Quarter and Full Year Earnings fireside chat via live stream and our Metaverse on the web Frame. My name is Denise Garcia and I'm manage, Investor Relations for eXp World Holdings. Today, we'll begin our earnings fireside chat with prepared remarks from Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings and CEO eXp Realty; and Leo Pareja, Chief Strategy Officer, eXp Realty; followed by a review of the fourth quarter and full year 2023 financial highlights presented by Kent Cheng, Principle Financial Officer and Chief Accounting Officer of eXp World Holdings. Following our prepared remarks, we’ll open the call to Q&A session with eXp World Holdings covering analysts and questions submitted to eXp. First, let me begin with a review of our forward-looking statements.
There will be a number of forward-looking statements made today that should be considered in conjunction with the cautionary statements contained in the Company’s SEC filings. Forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. Please see our filings with the SEC, including our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q for a discussion of specific risks that may affect our business, performance and financial condition. We assume no obligation to update or revise any forward-looking statements or information. As a reminder, today's call is being recorded, and a replay will also be made available on expworldholdings.com.
Now for a few logistics, and we'll get started. For those of you joining us in Frame today to zoom into a specific screen. You can click on that screen and then click zoom in. If the content on the screen disappears or if you lose audio, simply refresh your page. While in Frame, if you need help, just use the help button on the bottom right hand to link with tech support. Should you wish to ask a question during our presentation, you can enter your questions by scanning the QR code presented on this screen with your phone or go to slido.com and type in the event code EXPI. From there, you can submit a question or vote up an existing question by giving a thumbs up if you would like that question to be asked. This screen will remain up on the left hand side of the stage.
Now I'll turn the fireside chat over to our speakers before opening the call to questions. Glenn, you may begin.
Glenn Sanford : All right. Thank you, Denise, and thank you, everyone. Thank you again. Obviously, this is the first event that we've done publicly for Frame VR and this is a platform we've actually been developing since 2019. Frame is actually the first platform that works on desktop, mobile and immersive hardware like the Meta Quest 3, and if you're lucky enough to have one, the Apple Vision Pro, it's kind of like Squarespace but for the spatial web. We're really excited about the technology. In fact, it was presented by the CTO of Microsoft at Microsoft Build 2023, and Frame now powers exp.world. It's now our new browser based immersive collaboration platform. It's faster and easier for our staff and agents to collaborate online.
See also Top 20 Fastest Growing Industries in the Next 5 Years: Predictions and 30 Safest Countries In the World in 2024.
To continue reading the Q&A session, please click here.
