| Summary of key operating data for the reportable segments |
Key operating data for the reportable segments for the three and six months ended June 30, 2022 and 2021 are set forth in the tables below (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
Revenue |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Real Estate Brokerage |
|
$ |
122,053 |
|
$ |
80,246 |
|
$ |
206,097 |
|
$ |
129,402 |
Mortgage |
|
|
2,642 |
|
|
1,502 |
|
|
5,506 |
|
|
1,502 |
Technology |
|
|
656 |
|
|
530 |
|
|
1,301 |
|
|
599 |
Corporate and other services (a) |
|
|
2,828 |
|
|
1,905 |
|
|
5,357 |
|
|
2,325 |
Total revenue |
|
$ |
128,179 |
|
$ |
84,183 |
|
$ |
218,261 |
|
$ |
133,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
Three months ended |
|
Six months ended |
|
|
June 30, |
|
June 30, |
Adjusted EBITDA |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Real Estate Brokerage |
|
$ |
1,755 |
|
$ |
495 |
|
$ |
2,709 |
|
$ |
(11) |
Mortgage |
|
|
(860) |
|
|
(890) |
|
|
(1,350) |
|
|
(890) |
Technology |
|
|
(325) |
|
|
(307) |
|
|
(693) |
|
|
(622) |
Total Segment Adjusted EBITDA |
|
|
570 |
|
|
(702) |
|
|
666 |
|
|
(1,523) |
Corporate and other services (a) |
|
|
(2,554) |
|
|
(1,572) |
|
|
(4,763) |
|
|
(2,794) |
Total Company Adjusted EBITDA |
|
|
(1,984) |
|
|
(2,273) |
|
|
(4,097) |
|
|
(4,315) |
Depreciation and amortization |
|
|
1,343 |
|
|
745 |
|
|
2,405 |
|
|
847 |
Other expense (income), net |
|
|
234 |
|
|
(34) |
|
|
571 |
|
|
(88) |
Income tax expense (benefit) |
|
|
159 |
|
|
(2,615) |
|
|
185 |
|
|
(2,610) |
Stock based compensation |
|
|
1,941 |
|
|
1,193 |
|
|
4,348 |
|
|
2,063 |
Transaction-related costs |
|
|
8 |
|
|
529 |
|
|
60 |
|
|
963 |
Net loss |
|
$ |
(5,669) |
|
$ |
(2,091) |
|
$ |
(11,666) |
|
$ |
(5,491) |
|
(a) |
Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and Other services line. |
|