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The Real Brokerage Inc. (V:REAX)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEDAR
Company Contact
Address: 133 Richmond Street West, Suite 302
Toronto ON M5H 2L3
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. It also collaborates Web and mobile application for home buyers and real estate agents.
Financial Overview
For the six months ended 30 June 2021, RealBrokerage Inc revenues increased from $2.6M to $32.4M. Netloss increased from $1.3M to $6.8M. Revenues reflectCommissions segment increase from $2.6M to $9.3M, Othersegment increase of 47% to $50K. Higher net loss reflectsGeneral & Administrative expenses increase from $482K to$7.9M (expense), Marketing expenses increase from $209K to$1.4M (expense).
Employees: 25 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $390.90M as of Jun 30, 2021
Annual revenue (TTM): $53.71M as of Jun 30, 2021
EBITDA (TTM): -$9.88M as of Jun 30, 2021
Net annual income (TTM): -$10.56M as of Jun 30, 2021
Free cash flow (TTM): $0.20M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 178,156,222 as of Oct 21, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization