Financial highlights
- Q1 2021 revenue of
$9.3 million , an increase of 217% from$2.9 million in Q1 2020; - Real's network grew to 1,895 agents at the end of Q1 2021, an increase of 82% from 1,043 agents at the end of Q1 2020;
- The value of closed transactions grew to
$374 million in Q1 2021, an increase of 234% from$112 million in Q1 2020.
CEO Comments
"These preliminary results reflect the extraordinary momentum Real has experienced since we began trading on the
This preliminary unaudited financial information is delivered in advance of Real's interim financial statements and related management's discussion and analysis for the period ended
About Real
Real (www.joinreal.com) is a technology-powered real estate brokerage operating in 27 U.S. states and the
Contact Information
For additional information, please contact:
The Real Brokerage Inc.
Lynda Radosevich
lynda@therealbrokerage.com
917-922-7020
Forward-looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking information in this press release includes, without limiting the foregoing, Real's preliminary financial results and operating results for the quarter ended
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real's business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Preliminary Financial Metrics
The preliminary results set forth above are based on an initial review of Real's operating and financial results for the quarter ended
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