The hottest residential housing market in memory wasn’t enough to spare Compass a sea of red ink.
The tech-driven estate firm revealed a $494 million net loss in 2021, in an earnings report released late Wednesday. That nearly doubled the company’s $270 million loss from 2020. The firm reported a fourth-quarter loss of $175 million, up from $100 million for the same period in 2020.
Revenue reached $6.4 billion for the year, a 70% increase from 2020.
Following the earnings report, Compass was trading about 8% higher as of noon Thursday. Some Wall Street analysts say the firm is undervalued at its current share price, which has
→ Continue reading at Crain's New York Business
