Real Matters Inc. (T:REAL)
Business Focus: Real Estate Services (NEC)
| Sector: Real Estate | Industry: Real Estate Services |
| Company Contact | |
| Address: | 50 Minthorn Boulevard, Suite 401 MARKHAM ON L3T 7X8 |
| Tel: | N/A |
| Website: | https://www.realmatters.com/home/default.aspx |
| IR: | See website |
| Key People | ||
| Brian Lang Chief Executive Officer, Director | Rodrigo Pinto Chief Financial Officer, Executive Vice President | Ryan Jacob Smith Executive Vice President, Chief Technology Officer |
| Loren Cooke Executive Vice President, President - Solidifi U.S. Inc. | Kimberly Sue Montgomery Executive Vice President and President of Solidifi Title | Colleen Mccafferty Chief Compliance Officer |
| Lyne Beauregard Vice President - Investor Relations and Corporate Communications | Lisa Allen Vice President - Risk and Internal Controls | Jay Greenspoon General Counsel, Corporate Secretary |
| Business Overview |
| Real Matters Inc. is a Canada-based technology company. The Company provides network management services platform for the mortgage and insurance industries. It provides residential real estate appraisal and title services to mortgage lenders in the United States of America and residential real estate appraisal and insurance inspection services in Canada. Its segments include U.S. appraisal, U.S. title, and Canada. The U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, home equity and default transactions through its Solidifi brand. The U.S. Title segment serves the title market by providing various title services for refinance, purchase, home equity, short sale and real estate owned transactions to financial institutions through its Solidifi brand. The Canadian segment's primary service offerings include residential mortgage appraisals for purchase, refinance and home equity transactions provided through its Solidifi brand. |
| Financial Overview |
| For the three months ended 31 December 2023, Real Matters Inc revenues decreased 7% to $35.4M. Net loss decreased 22% to $3.6M. Revenues reflect U.S appraisal segment decrease of 5% to $26.8M, Canada segment decrease of 12% to $6.6M. Lower net loss reflects RESTRUCTURING EXPENSES decrease from $1.3M (expense) to $0K, Labor & Related Expenses in SGA decrease of 8% to $8.8M (expense). |
| Employees: | 424 as of Sep 30, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $344.00M as of Dec 31, 2023 |
| Annual revenue (TTM): | $221.88M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.05M as of Dec 31, 2023 |
| Net annual income (TTM): | -$7.12M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 73,059,566 as of Jan 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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