| Summary of key operating data for the reportable segments |
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Revenue |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Real Estate Brokerage |
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$ |
80,246,356 |
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$ |
38,688,744 |
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$ |
129,402,060 |
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$ |
67,527,575 |
Mortgage |
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1,502,021 |
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— |
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1,502,021 |
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— |
Technology |
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529,528 |
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— |
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598,624 |
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— |
Corporate and other services (a) |
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1,905,048 |
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— |
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2,325,738 |
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— |
Total Company |
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$ |
84,182,954 |
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$ |
38,688,744 |
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$ |
133,828,443 |
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$ |
67,527,575 |
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Adjusted EBITDA |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Real Estate Brokerage |
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$ |
495,507 |
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$ |
329,446 |
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$ |
(10,324) |
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$ |
464,509 |
Mortgage |
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(889,898) |
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— |
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(889,898) |
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— |
Technology |
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(307,227) |
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— |
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(622,359) |
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— |
Total Segment Adjusted EBITDA |
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(701,618) |
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329,446 |
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(1,522,581) |
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464,509 |
Corporate and other services (a) |
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(1,571,353) |
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— |
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(2,792,702) |
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— |
Total Company Adjusted EBITDA |
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$ |
(2,272,971) |
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$ |
329,446 |
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$ |
(4,315,283) |
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$ |
464,509 |
Less:Depreciation and amortization |
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(744,451) |
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(44,496) |
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(846,880) |
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(63,771) |
Other income(expense), net |
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33,658 |
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(22,659) |
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88,014 |
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(55,497) |
Income tax benefit (expense) |
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2,614,925 |
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(1,000) |
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2,609,925 |
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(2,000) |
Stock based compensation |
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(1,193,454) |
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(100,493) |
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(2,063,529) |
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(225,214) |
Transaction-related costs |
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(529,071) |
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— |
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(963,399) |
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— |
Net (loss) income |
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$ |
(2,091,434) |
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$ |
160,798 |
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$ |
(5,491,152) |
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$ |
118,027 |
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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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