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The Real Brokerage Inc. (V:REAX)

Business Focus: Real Estate Services

Sector:  Financials Industry:  Real Estate Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: North Tower, 175 Bloor St E Suite 901
Toronto ON M4W 3R8
Tel: N/A
Website: adlventures.com
IR: See website
Key People
N/A    
Business Overview
The Real Brokerage Inc., formerly, ADL Ventures Inc., is a real estate brokerage company. The Company operates in the United States through a network of approximately 1,100 agents. The Company assists home buyers, sellers and renters. The Company provides mobile focused technology-platform to agents.
Financial Overview
For the three months ended 30 June 2020, Real Brokerage Inc revenues decreased 69% to $2.6M. Net loss increased 47% to $1.3M. Revenues reflect Other segment decrease of 51% to $34K. Higher net loss reflects Listing expenses increase from $0K to $803K (expense), Finance costs increase from $3K to $15K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.02 to -$0.01.
Employees: 11 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $312.37M as of Jun 30, 2020
Annual revenue (TTM): $17.18M as of Jun 30, 2020
EBITDA (TTM): -$2.27M as of Jun 30, 2020
Net annual income (TTM): -$4.27M as of Jun 30, 2020
Free cash flow (TTM): -$1.71M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 144,432,000 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization