eXp World Holdings (EXPI) Q1 2022 Earnings Call Transcript

eXp World Holdings (EXPI) Q1 2022 Earnings Call Transcript

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Image source: The Motley Fool. eXp World Holdings ( EXPI 7.70%) Q1 2022 Earnings Call May 04, 2022, 10:30 a.m. ET Contents:

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Courtney Chakarun

[Audio gap] earnings fireside chat via livestream and EXPI Campus are metaverse. My name is Courtney Chakarun and I’m the CMO of eXp World Holdings. Today we’ll begin our earnings fireside chat with opening comments and a conversation between Glenn Sanford, founder, chairman and CEO of the eXp World Holdings; and John Campbell, managing director of Stephens. We are happy to welcome John back as our moderator.

Following this initial segment, we’ll move into a presentation which includes a review of the Q1 2022 financial highlights, areas of investment presented by Jeff Whiteside, CFO and chief collaboration officer at eXp World Holdings, followed by Jason Gesing, our CEO of eXp Realty, who will dive deeper into our differentiated model, agent growth, and value proposition. We will then return to John Campbell and our leadership team for a continuation of the Q&A. And finally, I’ll share details on our June 2022 eXp Shareholder Summit to bring our session to a conclusion. Let’s review with a beginning of the forward-looking statements.

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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 actual results to differ materially from these statements. Please see our filings with the SEC, including our most recent quarterly report on Form 10-Q, for 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 those of you joining in eXp Campus today. Did you have any questions here around the screens? You’ll see three of the top. Hit the stage zoom button to the right of your chat box.

To zoom to a specific screen, you can hit the plus icon above the screen. If you happen to see no slides or a gray slide, hit the refresh icon button at the top right hand corner of that screen to correct. While in eXp Campus, should you need any help or have any questions, please put that in a chat box that you see below on the left and a member of the team will contact you privately. As mentioned, the last segment of our fireside chat is a continuation of the Q&A, and here is a way that we’re able to be able to communicate and collaborate on some of these questions.

Want to ask a question during the presentation, you can enter your question by scanning the QR code presented on the screen or you can go to the phone and go to slido.com, and type in the event code EXPI. From there, you can submit your question and you can even vote up an existing question by giving it a thumbs up if you also like that question asked. This screen will remain up on the left-hand side of the stage. I would like to turn over the fireside chat to Glenn, our founder, to start the earnings conversation with opening remarks.

Glenn Sanford — Founder, Chairman, and Chief Executive Officer

Hey, thank you, Courtney, and thanks, everyone, for attending. This quarter was another strong quarter, obviously finished just over a month ago but 2022 is starting solid for us. It’s really driven to a large extent by our growth and our rapid […]

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