Real Matters First Quarter 2024 Earnings: Misses Expectations

Real Matters (TSE:REAL) First Quarter 2024 Results

Key Financial Results

• Revenue: US$35.4m (down 7.1% from 1Q 2023).
• Net loss: US$3.60m (loss narrowed by 22% from 1Q 2023).
• US$0.049 loss per share (improved from US$0.063 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Real Matters Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Canada.

Performance of the Canadian Real Estate industry.

The company's shares are down 4.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Real Matters' balance sheet.

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