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Compass(COMP) - 2024 Q1 - Quarterly Results
COMPCompass(COMP)2024-05-09 04:09

"We exceeded our expectations for Q1 2024 by growing our Q1 revenue 10% year-over-year and significantly reducing our nonGAAP operating expenses, or OPEX , generating positive free cash flow," said Robert Reffkin, Founder and Chief Executive Officer of Compass. "This is the first time we have generated positive free cash flow in the first quarter, the industry's slowest quarter of the year, and in a historically challenging market. In Q1 2024, we grew our quarterly market share by 26 basis points year-over- ...