| Schedule of Key Operating Data for the Reportable Segments |
Key operating data for the reportable segments for the three and six months ended June 30, 2024 and 2023 are set forth in the tables below (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| Real estate brokerage |
$ |
83,125 |
|
|
$ |
94,633 |
|
|
$ |
148,510 |
|
|
$ |
167,803 |
|
| Mortgage |
3,682 |
|
|
2,019 |
|
|
5,946 |
|
|
3,483 |
|
| Technology |
1,105 |
|
|
792 |
|
|
2,222 |
|
|
1,549 |
|
| Corporate and other services (a) |
1,295 |
|
|
2,645 |
|
|
3,032 |
|
|
4,795 |
|
| Total revenue |
$ |
89,207 |
|
|
$ |
100,089 |
|
|
$ |
159,710 |
|
|
$ |
177,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| Real Estate Brokerage |
$ |
1,549 |
|
|
$ |
2,570 |
|
|
$ |
2,392 |
|
|
$ |
3,868 |
|
| Mortgage |
15 |
|
|
(237) |
|
|
(505) |
|
|
(804) |
|
| Technology |
220 |
|
|
(418) |
|
|
193 |
|
|
(630) |
|
| Total Segment Adjusted EBITDA |
1,784 |
|
|
1,915 |
|
|
2,080 |
|
|
2,434 |
|
| Corporate and other services (a) |
(1,595) |
|
|
(1,457) |
|
|
(3,412) |
|
|
(3,345) |
|
| Total Company Adjusted EBITDA |
189 |
|
|
458 |
|
|
(1,332) |
|
|
(911) |
|
| Gain on sale of business |
(2,958) |
|
|
— |
|
|
(2,958) |
|
|
— |
|
| Stock based compensation |
2,499 |
|
|
3,185 |
|
|
5,151 |
|
|
6,005 |
|
| Depreciation and amortization |
1,319 |
|
|
1,510 |
|
|
2,799 |
|
|
2,867 |
|
| Other expense, net |
629 |
|
|
83 |
|
|
886 |
|
|
226 |
|
| Income tax (benefit) expense |
(6) |
|
|
25 |
|
|
11 |
|
|
37 |
|
| Net loss |
$ |
(1,294) |
|
|
$ |
(4,345) |
|
|
$ |
(7,221) |
|
|
$ |
(10,046) |
|
_____________________________________________________________
(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.
|