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Real Matters Inc. (T:REAL)

Business Focus: Enterprise Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEDAR
Company Contact
Address: 50 Minthorn Blvd Suite 401
Tel: N/A
IR: See website
Key People
Jason S. Smith
Executive Chairman of the Board
Robert J. Smith
Executive Vice President
Brian Lang
Chief Executive Officer, Director
William Herman
Chief Financial Officer, Executive Vice President
Victoria MacDonald
Chief People Officer
Ryan Jacob Smith
Executive Vice President, Chief Technology Officer
Andrew Bough
Executive Vice President - Valuations
Loren Cooke
Executive Vice President
Kimberly Sue Montgomery
Executive Vice President
Craig Rowsell
Executive Vice President
Business Overview
Real Matters Inc. is a network management services provider for the mortgage lending and insurance industries. The Company is focused on providing appraisal services through its Solidifi brand to the mortgage lending industry in the United States and Canada, title services through its Solidifi brand to the mortgage lending industry in the United States and insurance inspection services through its iv3 brand to the insurance industry in Canada. Its technology-based platform creates a competitive marketplace where independent field professionals, including appraisers, real estate agents, property inspectors, notaries, abstractors and other closing agents, compete for volumes provided by its clients based on their performance and professionalism (the platform). Its clients include mortgage lenders in the United States, five Canadian banks and some of North America's insurance carriers.
Financial Overview
For the fiscal year ended 30 September 2021, RealMatters Inc revenues increased 11% to $504.1M. Net incomedecreased 21% to $33M. Revenues reflect U.S appraisalsegment increase of 14% to $322.1M, Canada segment increaseof 67% to $52.5M. Net income was offset by Labor & RelatedExpenses in SGA increase of 18% to $85.8M (expense), NETFOREIGN EXCHANGE LOSS (GAIN) decrease from $1.1M (income)to $7.4M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $588.98M as of Sep 30, 2021
Annual revenue (TTM): $642.13M as of Sep 30, 2021
EBITDA (TTM): $72.34M as of Sep 30, 2021
Net annual income (TTM): $42.03M as of Sep 30, 2021
Free cash flow (TTM): $28.02M as of Sep 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 79,048,000 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization