Real Matters (REAL) 2020年年度报告「TSX」.pdf

1、ANNUAL REPORT2020Real Matter s is a leading network management s ervices provider for the mortgage lending and ins urance indus tries.Real Matters platform combines its proprietary technology and network management capabilities with tens of thous ands of independent qualified field profes s ionals t

2、o create an efficient marketplace for the provis ion of mortgage lending and ins urance indus try s ervices.Our clients include the maj ority of the top 100 mortgage lenders in the U.S.and s ome of the larges t ins urance companies in North America.We are a leading independent provider of res identi

3、al real es tate apprais als to the mortgage market and a leading independent provider of title and mortgage clos ing s ervices in the U.S.Es tablis hed in 2004,Real Matters has offices in Buffalo(NY),Denver(CO),Middletown(RI),and Markham(ON).Real Matters is lis ted on the Toronto Stock Exchange unde

4、r the s ymbol REAL.We take a long-term view to manage and measure the success of our business strategies.Our principal focusis on market share growth.We seek to achieve market share increases irrespective of market conditions for residential mortgage originations.(A)Non-GAAP Measur esNet Revenue and

5、 Adj us ted EBITDA do not have a s tandardized meaning pres cribed by International Financial Reporting Standards and are therefore unlikely to be comparable to s imilar meas ures pres ented by other is s uers.Thes e non-GAAP meas ures are more fully defined on page 29 of this Annual Report.His t or

6、 ical Financial Per f or mance*Management es timate,in thous ands of units.$22.1 M$33.7M$68.3M$92.3M$82.8M$1 02.1 M$1 62.1 M5,00010,00015,00020,000Net Revenue(A)Estimated Market VolumesVol umes$2.2M$5.3M$1 2.8M$9.4M$5.8M$29.0M$72.2M5,00010,00015,00020,000Vol umes Net Revenue(A)vs.U.S.Mor tgage Or i