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Stocks in play: Real Matters Inc.
Announced its financial results for the fourth quarter and fiscal year ended September 30, 2023. “We were pleased to report Adjusted EBITDA of $0.6 million in Q4, ending the year with another positive quarter, notwithstanding that U.S. mortgage origination volumes in Fiscal 2023 were the lowest on record in the last 28 years,” said CEO Brian Lang. “We launched six new clients, and new channels in U.S. Appraisal and U.S. Title, including the second channel with our Tier 1 lender in U.S. Title, in the fourth quarter. We also maintained a strong balance sheet, with more than $42 million in cash at year end and no outstanding debt.” Real Matters Inc. shares T.REAL are trading unchanged at $5.25.
