| Schedule of Key Operating Data for the Reportable Segments |
Key operating data for the reportable segments for the three and nine months ended September 30, 2024 and 2023 are set forth in the tables below (amounts in thousands):
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Revenue |
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Real estate brokerage |
$ |
78,563 |
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|
$ |
88,247 |
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$ |
227,073 |
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$ |
256,050 |
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| Mortgage |
2,931 |
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|
1,921 |
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|
8,877 |
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|
5,404 |
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| Technology |
1,138 |
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|
836 |
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|
3,360 |
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|
2,385 |
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| Corporate and other services (a) |
1,101 |
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|
2,520 |
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|
4,133 |
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|
7,315 |
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| Total revenue |
$ |
83,733 |
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$ |
93,524 |
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$ |
243,443 |
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$ |
271,154 |
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Adjusted EBITDA |
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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| Real Estate Brokerage |
$ |
817 |
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$ |
1,582 |
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$ |
3,209 |
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$ |
5,450 |
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| Mortgage |
(319) |
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(293) |
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(824) |
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(1,097) |
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| Technology |
152 |
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(514) |
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|
345 |
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(1,144) |
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| Total Segment Adjusted EBITDA |
650 |
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|
775 |
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|
2,730 |
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|
3,209 |
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| Corporate and other services (a) |
(2,095) |
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(1,028) |
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(5,507) |
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(4,373) |
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| Total Company Adjusted EBITDA |
(1,445) |
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(253) |
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(2,777) |
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(1,164) |
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| Gain on sale of business |
— |
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— |
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(2,958) |
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— |
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| Stock based compensation |
1,967 |
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3,320 |
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7,118 |
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9,325 |
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| Litigation contingency |
3,099 |
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— |
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3,437 |
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— |
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| Depreciation and amortization |
1,251 |
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1,599 |
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4,050 |
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4,466 |
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| Other expense, net |
342 |
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|
106 |
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|
890 |
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332 |
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| Other non-cash items and transaction costs |
— |
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200 |
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— |
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|
200 |
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| Income tax (benefit) expense |
17 |
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18 |
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28 |
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55 |
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| Net loss |
$ |
(8,121) |
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$ |
(5,496) |
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$ |
(15,342) |
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$ |
(15,542) |
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_____________________________________________________________
(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.
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