| 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, 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
September 30, |
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Nine Months Ended
September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Real Estate Brokerage |
$ |
88,247 |
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|
$ |
104,977 |
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|
$ |
256,050 |
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|
$ |
311,074 |
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| Mortgage |
1,921 |
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|
2,839 |
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|
5,404 |
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|
8,345 |
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| Technology |
836 |
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|
702 |
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|
2,385 |
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|
2,003 |
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| Corporate and other services (a) |
2,520 |
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|
2,746 |
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|
7,315 |
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|
8,104 |
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| Total revenue |
$ |
93,524 |
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$ |
111,264 |
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$ |
271,154 |
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$ |
329,526 |
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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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2023 |
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2022 |
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2023 |
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2022 |
| Real Estate Brokerage |
$ |
1,582 |
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$ |
576 |
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$ |
5,450 |
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$ |
3,311 |
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| Mortgage |
(293) |
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(406) |
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(1,097) |
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(1,726) |
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| Technology |
(514) |
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(372) |
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(1,144) |
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(1,091) |
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| Total Segment Adjusted EBITDA |
775 |
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|
(202) |
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|
3,209 |
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|
494 |
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| Corporate and other services (a) |
(1,028) |
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(2,123) |
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(4,373) |
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(6,801) |
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| Total Company Adjusted EBITDA |
(253) |
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(2,325) |
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(1,164) |
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(6,307) |
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| Depreciation and amortization |
1,599 |
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|
1,436 |
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4,466 |
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|
3,839 |
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| Other expense (income), net |
106 |
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|
115 |
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|
332 |
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|
804 |
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| Income tax expense |
18 |
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— |
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|
55 |
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|
185 |
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| Stock based compensation |
3,320 |
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2,123 |
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9,325 |
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6,470 |
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| Other non-cash items and transaction costs |
200 |
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13 |
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200 |
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|
73 |
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| Net loss |
$ |
(5,496) |
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$ |
(6,012) |
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$ |
(15,542) |
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$ |
(17,678) |
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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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