Post by
Matt123456 on Feb 02, 2022 1:04pm
Just a question of time
Some investors are so shortshighted. They're dissapointed with the revenues. No growth for 2 years.. Etc. But people need to keep in mind that real estate listings in North America have dropped around 50% in the last 2 years. And that 3D tours are still a small portion of UI's revenus, even if they're growing at a fast pace, they don't compensate for the difficult real estate market.
My guess is that UI will soon announce that Offerpad extends their partership in other states, as well as a couple oher significant news. Then, the stock will jump right back in the 80s and all investors who sold in the 50s or 60s will regret it.
Comment by
kaykay22222 on Feb 03, 2022 8:54am
Exactly Matt, what people don't get is that UI's SaaS revenue consists almost exclusively with static real estate websites (206,000 websites for $15) - 3D tours was just $70k-80k in 2021 growing at 230%) This is just 2.6% of SaaS revenue. Looking at the Galleries page I see an explosion of 3D tours in this quarter.