2023-03-16 07:35:37 ET
- The Real Brokerage press release ( NASDAQ: REAX ): Q4 GAAP EPS of -$0.04 misses by $0.01 .
- Revenue of $96.1M (+90.4% Y/Y) misses by $1.23M .
- Adjusted EBITDA loss of $3.0 million, unchanged from Q4 2021.
- Surpassed 8,200 agents at the end of 2022, a 113% year-over-year increase. Subsequent to the end of the quarter, Real surpassed the 9,000 agent milestone on February 3.
- Over 37,500 closed transactions in 2022, a 181% increase compared to 2021. The number of transactions in Q4 2022 grew 85% year-over-year to 9,745.
- The total value of completed real estate transactions in 2022 grew 226% to $14.4 billion and grew 193% year-over-year to $3.5 million in Q4 2022.
- Commission revenue per average agent on our platform in 2022 was $62,400, compared to $45,400 in 2021.
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The Real Brokerage GAAP EPS of -$0.04 misses by $0.01, revenue of $96.1M misses by $1.23M