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XTSE
REAL
Market cap178mUSD
Oct 08, Last price  
3.41CAD
1D
1.79%
1Q
-34.17%
IPO
-71.79%
Name

Real Matters Inc

Chart & performance

D1W1MN
XTSE:REAL chart
P/E
—
P/S
1.05
EPS
—
Div yield, %
—
Shrs. gr., 5y
-3.47%
Rev. gr., 5y
-17.93%
Revenues
170m
-1.72%
114,589,000170,495,000248,547,000302,976,000281,451,000322,537,000455,945,000504,107,000339,642,000163,914,000172,722,000169,749,000
Net income
-23m
L
-910,000-5,103,000-6,281,000-24,014,000-4,571,0008,958,00041,991,00032,992,000-9,265,000-6,173,00018,000-22,657,000
CFO
-7m
L
-2,164,0007,377,0004,191,000-8,523,00010,372,00025,643,00074,689,00025,021,00017,567,000-2,564,0005,449,000-7,183,000

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Profile

Headquartered in Markham, Canada, Real Matters Inc. (established in 2004 and formerly known as Solidifi Inc. until July 2010) is a technology and network management provider serving the mortgage lending and insurance industries across Canada and the United States. Through its Solidifi brand, the company facilitates residential mortgage appraisals for transactions such as purchases, refinances, home equity loans, and defaults within the mortgage lending sector. Solidifi further extends its offerings to financial institutions with residential and commercial real estate title and closing services, covering refinance, purchase, short sale, and real estate owned transactions. This includes critical steps like title searches, curative processes, escrow and closing management, and title policy issuance, along with capital markets services. For property and casualty insurers, Real Matters delivers insurance inspection services under its iv3 brand. Moreover, the company licenses its advanced software platforms to other title insurance agencies and mortgage lenders for a fee.

Key people

Jason S. Smith
Chief Executive Officer, Director · since 2019
Brian Lang
President, Chief Operating Officer · since 2019
Loren Cooke
Executive Vice President · since 2018
Kimberly Sue Montgomery
Executive Vice President
Craig Rowsell
Executive Vice President · since 2018
Kevin Alan Walton
Executive Vice President - Corporate Development
Ryan Jacob Smith
Executive Vice President, Chief Technology Officer
Independent Director · since 2016
Lisa Melchior
Independent Director · since 2017
IPO date
May 11, 2017
Employees
Domiciled in
CA
Incorporated in
CA
Headquarters & legal address
50 Minthorn Boulevard
Markham, ON L3T 7X8
CA

Valuation

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