The company burned $76 million in quarter three, up from 45 million in quarter two. Robert Raffkin: " Compass is not going to run out of cash" Deconstruct airs every Monday wherever you get your podcasts. Next week, we're talking to Josh Zeegan at Madison Realty Capital about what's happening with lending right now.
Compass CEO Robert Reffkin had a busy Nov. 10. Hours after speaking at a TRD forum in Miami, Reffkin got on a conference call with analysts to discuss the company's much anticipated earnings results for the third quarter. Compass lost $157 million from July through September — more than it lost in the second quarter. Deconstruct looks at the state of the brokerage, why it's struggling and where it goes from here.
Guests: TRD reporter Harrison Connery, TRD deputy web editor and South Florida reporter Katherine Kallergis.