| 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, 2022 and 2021 are set forth in the tables below (amounts in thousands):
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Revenue |
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|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
September 30, |
|
September 30, |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Real Estate Brokerage |
|
$ |
104,977 |
|
$ |
95,300 |
|
$ |
311,074 |
|
$ |
224,702 |
Mortgage |
|
|
2,839 |
|
|
2,623 |
|
|
8,345 |
|
|
4,125 |
Technology |
|
|
702 |
|
|
679 |
|
|
2,003 |
|
|
1,278 |
Corporate and other services (a) |
|
|
2,746 |
|
|
2,338 |
|
|
8,104 |
|
|
4,664 |
Total revenue |
|
$ |
111,264 |
|
$ |
100,940 |
|
$ |
329,526 |
|
$ |
234,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Real Estate Brokerage |
|
$ |
576 |
|
$ |
199 |
|
$ |
3,311 |
|
$ |
188 |
Mortgage |
|
|
(406) |
|
|
(101) |
|
|
(1,726) |
|
|
(991) |
Technology |
|
|
(372) |
|
|
56 |
|
|
(1,091) |
|
|
(566) |
Total Segment Adjusted EBITDA |
|
|
(202) |
|
|
154 |
|
|
494 |
|
|
(1,369) |
Corporate and other services (a) |
|
|
(2,123) |
|
|
(1,961) |
|
|
(6,801) |
|
|
(4,755) |
Total Company Adjusted EBITDA |
|
|
(2,325) |
|
|
(1,807) |
|
|
(6,307) |
|
|
(6,124) |
Depreciation and amortization |
|
|
1,436 |
|
|
931 |
|
|
3,839 |
|
|
1,778 |
Other expense (income), net |
|
|
115 |
|
|
(102) |
|
|
804 |
|
|
(190) |
Income tax expense (benefit) |
|
|
— |
|
|
(210) |
|
|
185 |
|
|
(2,820) |
Stock based compensation |
|
|
2,123 |
|
|
770 |
|
|
6,470 |
|
|
2,833 |
Transaction-related costs |
|
|
13 |
|
|
177 |
|
|
73 |
|
|
1,140 |
Net loss |
|
$ |
(6,012) |
|
$ |
(3,373) |
|
$ |
(17,678) |
|
$ |
(8,865) |
| (a) |
Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line. |
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