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  5. REAL: Please comment on the qtrly results from REAL. [Real Matters Inc.]
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Q: Please comment on the qtrly results from REAL.
Thanks
Asked by Atchuta on February 01, 2024
5i Research Answer:

EPS of -2c did miss estimates of -1.5c. Revenue of $9.7M missed estimates by 5%. In a 'how could this have been a surprise', lower mortgage originations were to blame. Revenue fell 7% as originations fell 18%. REAL remains 'optimistic' and is positioning the company for scale when business conditions improve. Net cash is $42M. The worst 'might be over', but the company has a weak history of hitting forecasts. Much is going to depend on the economy and the housing market now. We can't say we are overly impressed here.

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