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Real Matters Inc (TSE:REAL)
TSX:REAL
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -12.12%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth across all segments, driven by new client acquisitions and increased market share, particularly in the US title and Canadian segments. However, challenges remain in the form of reduced margins and increased operating expenses in the US appraisal segment, as well as overall adjusted EBITDA losses. Despite these challenges, the company maintains a strong balance sheet and is well-positioned for future growth.Company Guidance
During Real Matters' first quarter earnings call for the fiscal year 2025, management provided guidance highlighting significant growth across its business segments. Consolidated revenue increased by 16% year-over-year to $41 million, with net revenue rising 12% to $10.9 million. The US appraisal segment saw a 9% revenue increase, while the US title segment experienced a 25% revenue growth, driven by a 53% increase in refinance origination revenues. In Canada, revenues surged by 38% year-over-year. The company also reported a net revenue margin of 26.5% for the US appraisal segment and a 53.4% margin for the US title segment. Adjusted EBITDA showed a loss of $1.7 million, compared to a $1.1 million loss in the previous year, mainly due to increased operating expenses. Despite these challenges, Real Matters launched five new clients and remained optimistic about capturing additional market share, particularly in the US title business, and highlighted a strong balance sheet with $49 million in cash and no debt.Overall Revenue Growth
Consolidated revenue grew by 16% year-over-year, with net revenue increasing by 12%, driven by all three segments.
US Title Segment Performance
US title revenues increased by 25%, with refinance origination revenues up 53% due to net market share gains and higher volumes.
Canadian Segment Success
Canadian revenues increased by 38% year-over-year, and net revenue margins remained near all-time highs at 18.9%.
New Client Acquisitions
The company launched five new clients and one new channel, with particular success in the US title segment.
Strong Balance Sheet
Real Matters maintained a strong balance sheet with no debt and $49 million in cash as of December 31, 2024.
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TSE:REAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:REAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | C$6.60 | C$6.26 | -5.15% |
| Nov 21, 2024 | C$6.74 | C$6.37 | -5.49% |
| Aug 01, 2024 | C$7.62 | C$7.35 | -3.54% |
| May 07, 2024 | C$4.95 | C$5.46 | +10.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Real Matters Inc (TSE:REAL) report earnings?
Real Matters Inc (TSE:REAL) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Real Matters Inc (TSE:REAL) earnings time?
Real Matters Inc (TSE:REAL) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:REAL EPS forecast?
TSE:REAL EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.
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