Opendoor Technologies Inc. (OPEN) delivered its second-quarter results after Tuesday's closing bell, and the numbers were a mixed bag: a smaller-than-expected loss and a revenue beat, but a sharp year-over-year decline in the top line.

Here's what stood out from the report.

Opendoor Q2 Details

The company posted a quarterly loss of three cents per share, beating the consensus estimate for a loss of seven cents, according to market data.

Revenue came in at $883 million, which topped the Street's expectation of $666.54 million by 32.48%. However, that's down from $1.57 billion in the same period last year.

CEO Kaz Nejatian was bullish on the company's trajectory, saying, "For three quarters, I've been saying Opendoor will be ANI positive on a 12-month go-forward basis at the end of this year."

He added, "You no longer have to take my word for it. Run Q2 forward. At current contract volumes and unit economics, and with our existing cost base, we will generate positive Adjusted Net Income as those acquisition cohorts flow through to resale."

Investors, however, seemed less convinced in the immediate aftermath. According to data from market data, Opendoor stock was down 6.17% to $3.87 in Tuesday's extended trading.