| 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, 2023 and 2022 are set forth in the tables below (amounts in thousands):
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Revenue |
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|
|
Three Months Ended |
|
Six Months Ended |
|
|
|
June 30, |
|
June 30, |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Real Estate Brokerage |
|
$ |
94,633 |
|
$ |
122,053 |
|
$ |
167,803 |
|
$ |
206,097 |
Mortgage |
|
|
2,019 |
|
|
2,642 |
|
|
3,483 |
|
|
5,506 |
Technology |
|
|
792 |
|
|
656 |
|
|
1,549 |
|
|
1,301 |
Corporate and other services (a) |
|
|
2,645 |
|
|
2,828 |
|
|
4,795 |
|
|
5,357 |
Total revenue |
|
$ |
100,089 |
|
$ |
128,179 |
|
$ |
177,630 |
|
$ |
218,261 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Real Estate Brokerage |
|
$ |
2,570 |
|
$ |
1,755 |
|
$ |
3,868 |
|
$ |
2,709 |
Mortgage |
|
|
(237) |
|
|
(860) |
|
|
(804) |
|
|
(1,350) |
Technology |
|
|
(418) |
|
|
(325) |
|
|
(630) |
|
|
(693) |
Total Segment Adjusted EBITDA |
|
|
1,915 |
|
|
570 |
|
|
2,434 |
|
|
666 |
Corporate and other services (a) |
|
|
(1,457) |
|
|
(2,554) |
|
|
(3,345) |
|
|
(4,763) |
Total Company Adjusted EBITDA |
|
|
458 |
|
|
(1,984) |
|
|
(911) |
|
|
(4,097) |
Depreciation and amortization |
|
|
1,510 |
|
|
1,343 |
|
|
2,867 |
|
|
2,405 |
Other expense (income), net |
|
|
83 |
|
|
234 |
|
|
226 |
|
|
571 |
Income tax expense |
|
|
25 |
|
|
160 |
|
|
37 |
|
|
185 |
Stock based compensation |
|
|
3,185 |
|
|
1,941 |
|
|
6,005 |
|
|
4,348 |
Transaction-related costs |
|
|
— |
|
|
7 |
|
|
— |
|
|
60 |
Net loss |
|
$ |
(4,345) |
|
$ |
(5,669) |
|
$ |
(10,046) |
|
$ |
(11,666) |
| (a) |
Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line. |
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