The Real Brokerage Inc. (V:REAX)
Business Focus: Real Estate Services (NEC)
| Sector: Real Estate | Industry: Real Estate Services |
| Company Contact | |
| Address: | 701 Brickell Avenue, 17th Floor MIAMI FL 33131 |
| Tel: | N/A |
| Website: | https://adlventures.com |
| IR: | See website |
| Key People | ||
| Tamir Poleg Chairman of the Board, Chief Executive Officer | Sharran Srivatsaa President | Michelle Ressler Chief Financial Officer, Corporate Secretary |
| Andrew Kazeniac Chief Operating Officer | Pritesh Damani Chief Technology Officer | Andrea Madden Chief Marketing Officer | Alexandra Lumpkin Vice President, General Counsel |
| Business Overview |
| The Real Brokerage Inc. is a Canada-based technology-powered real estate brokerage company. The Company is revolutionizing the residential real estate industry by pairing technology with the guidance of agent-led experience. It delivers a cloud-based platform to improve efficiencies and enable agents to provide a seamless end-to-end experience for home buyers and sellers. The Company offers agents a mobile-focused tech-platform to run their business. The Company is focused on developing technology to enhance real estate agent performance while building a scalable, efficient brokerage operation. It provides a seamless end-to-end home buying experience for consumers, including access to ancillary services, such as mortgage and title services. Its technology stack puts agents at the center of a real estate transaction and supports agents in helping their customers. The Company serves 48 states, the District of Columbia, and four Canadian provinces with more than 11,000 agents. |
| Financial Overview |
| For the three months ended 31 March 2024, Real Brokerage Inc revenues increased 86% to $200.7M. Net loss increased from $7.4M to $16.1M. Revenues reflect Commissions segment increase of 89% to $199.3M, Mortgage Income segment increase from $132K to $696K. Higher net loss reflects Marketing expenses increase of 64% to $12.6M (expense), General and administrative expenses increase of 40% to $12.1M (expense). |
| Employees: | 164 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,199M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,066M as of Mar 31, 2024 |
| EBITDA (TTM): | -$45.65M as of Mar 31, 2024 |
| Net annual income (TTM): | -$49.33M as of Mar 31, 2024 |
| Free cash flow (TTM): | $42.91M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 189,300,000 as of May 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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