SAN FRANCISCO, Feb. 10, 2025 (GLOBE NEWSWIRE) -- The RealReal (NASDAQ:REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today provided preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2024 and announced its entry into strategic debt exchange transactions with certain holders of its 1.00% Convertible Senior Notes due 2028 (the "2028 Notes"), reducing its total indebtedness by approximately $37 million and extending a significant ...

TORONTO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Real Matters Inc. (“Real Matters”), a leading network management services platform for the mortgage and insurance industries, today announced that all of the nominees listed in Real Matters’ management information circular dated December 13, 2024, were elected as directors of Real Matters. The detailed results of the vote for the election of directors held at Real Matters’ Annual Meeting of Shareholders are set out below: Each of the following six nominees proposed ...

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated)TORONTO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Real Matters Inc. (TSX: REAL) (“Real Matters” or the “Company”), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the first quarter ended December 31, 2024. “We reported consolidated revenue of $41.0 million in the first quarter, up 16% year-over-year, and consolidated Net ...

TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the “Meeting”) on Thursday, February 6, 2025 at 10:00 a.m. (Eastern Standard Time). The Meeting will be conducted online only, via audio webcast at: www.virtualshareholdermeeting.com/realmatters2025. Registered and non-registered shareholders entitled to vote at the Meeting may vote by prox ...

Company Overview - Real Matters Inc. is a leading network management services provider for the mortgage lending and insurance industries, combining proprietary technology with a network of independent qualified field professionals [6] - The company serves top 100 mortgage lenders in the U.S. and major banks and insurance companies in Canada, specializing in residential real estate appraisals and title and mortgage closing services [6] Upcoming Financial Results - Real Matters will announce its first quarter fiscal 2025 financial results on January 30, 2025, before market open [2] - A conference call to review the results will be held at 10:00 a.m. (ET) on the same day, hosted by the CEO and CFO [4] Access Information - The conference call can be accessed via a local dial-in number or a toll-free number, with a conference ID provided for participants [5] - A live webcast of the call will be available, and an archived version along with a transcript will be posted in the Investor Relations section of the company's website [5]

HOUSTON, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal (Nasdaq: REAL), the world’s largest online marketplace for authenticated, resale luxury goods, is excited to announce the opening of its newest location in Houston’s award-winning Montrose Collective project. This location marks The RealReal’s fifteenth brick-and-mortar location and the second in Texas. Situated alongside premier retailers such as Reformation, Ganni, Mejuri, and Buck Mason, The RealReal brings its unique approach to luxury resal ...

Company Performance - The RealReal has experienced sales growth for three consecutive quarters, driven by consumer interest in secondhand luxury goods from brands like Gucci and Chanel [1] - The company reported a quarterly revenue increase of 11% to $148 million, with a 14% rise in consignment revenue and a 4% year-over-year increase in processed orders [4] - The average order value increased by 2% to $522 [4] Technological Advancements - The RealReal is investing in technology to enhance operational efficiency, particularly through the use of artificial intelligence (AI) [2] - AI is utilized for product authentication, significantly reducing the time required for verifying the authenticity of items [3][4] - A machine-learning algorithm now compares product images at a finer level, streamlining the authentication process [4] Market Context - The luxury fashion industry has lost approximately 50 million customers over the past two years, with a notable decline in customer numbers for luxury brands [5] - Despite the overall luxury demand being expected to remain flat, The RealReal is capitalizing on the intersection of value and luxury, resonating well with consumers [5] - Economic uncertainty is affecting retail spending across various categories, including luxury, as consumer confidence fluctuates [6]

Shares of The RealReal (REAL) have been strong performers lately, with the stock up 120.1% over the past month. The stock hit a new 52-week high of $9.78 in the previous session. The RealReal has gained 373.1% since the start of the year compared to the 15.1% move for the Zacks Consumer Discretionary sector and the 14.8% return for the Zacks Consumer Products - Discretionary industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earni ...

Don't get me wrong -- I love the S&P 500. It's a curated stock market index comprised of around 500 of the biggest, most profitable U.S.-based businesses. With that in mind, there are always great long-term investment opportunities to be found in this pool.That said, 500 companies is just a drop in the ocean when it comes to the stock market. There are quite literally thousands and thousands of stocks to choose from. And many outside of the S&P 500 provide life-changing gains.So, in this article, why not br ...

Michael Burry of ‘The Big Short’ fame is known for his deft handling of the 2008 subprime mortgage crisis, which netted him $100 million and his clients seven times as much. However, he hasn’t been resting on his laurels — through his firm, Scion Asset Management, Burry remains quite an active investor.Each 13-F filing made by Scion is keenly awaited and tracked by investors seeking to emulate Burry’s investments in hopes of securing outsized gains. The last filing was made public on November 14, and reveal ...