NasdaqCM:REAXReal Estate
Real Brokerage (REAX) Stock Rally Masks A Wider Profit Squeeze
The market cheered Real Brokerage with a 7.5% pop to US$2.14, yet the headline from this quarter is less about the share price and more about the profit squeeze behind it. Revenue reached US$700.6m, but Real still posted a net loss of US$8.0m for Q2. The company also reported an operating loss of US$7.0m that included US$11.6m of acquisition costs tied to the pending RE/MAX deal. For a stock often viewed as a high growth, low multiple brokerage platform, this gap between strong top line and...