Revenue: As of FY2025 Q1, the actual value is USD 43.44 M.

EPS: As of FY2025 Q1, the actual value is USD -0.09.

Servicer and Real Estate Segment

• Revenue: $35.157 million for the three months ended March 31, 2025, compared to $31.502 million for the same period in 2024, representing a 12% increase.
• Cost of Revenue: $21.861 million for the three months ended March 31, 2025, compared to $19.132 million for the same period in 2024, representing a 14% increase.
• Gross Profit: $13.296 million, representing 40% of service revenue for the three months ended March 31, 2025, compared to $12.370 million, representing 43% of service revenue for the same period in 2024.
• Selling, General and Administrative Expenses: $2.340 million for the three months ended March 31, 2025, compared to $3.098 million for the same period in 2024, representing a 24% decrease.
• Income from Operations: $10.956 million, representing 33% of service revenue for the three months ended March 31, 2025, compared to $9.272 million, representing 32% of service revenue for the same period in 2024.

Origination Segment

• Revenue: $8.282 million for the three months ended March 31, 2025, compared to $7.967 million for the same period in 2024, representing a 4% increase.
• Cost of Revenue: $6.690 million for the three months ended March 31, 2025, compared to $6.133 million for the same period in 2024, representing a 9% increase.
• Gross Profit: $1.592 million, representing 20% of service revenue for the three months ended March 31, 2025, compared to $1.834 million, representing 23% of service revenue for the same period in 2024.
• Selling, General and Administrative Expenses: $1.665 million for the three months ended March 31, 2025, compared to $1.959 million for the same period in 2024, representing a 15% decrease.
• Loss from Operations: - $0.073 million, representing -1% of service revenue for the three months ended March 31, 2025, compared to - $0.125 million, representing -2% of service revenue for the same period in 2024.

Corporate and Others

• Cost of Revenue: $1.563 million for the three months ended March 31, 2025, compared to $1.900 million for the same period in 2024, representing an 18% decrease.
• Selling, General and Administrative Expenses: $6.075 million for the three months ended March 31, 2025, compared to $7.795 million for the same period in 2024, representing a 22% decrease.
• Other Income (Expense), Net: - $7.774 million for the three months ended March 31, 2025, compared to - $7.887 million for the same period in 2024.

Consolidated Results

• Total Revenue: $43.439 million for the three months ended March 31, 2025, compared to $39.469 million for the same period in 2024, representing a 10% increase.
• Cost of Revenue: $30.114 million for the three months ended March 31, 2025, compared to $27.165 million for the same period in 2024, representing an 11% increase.
• Gross Profit: $13.325 million, representing 33% of service revenue for the three months ended March 31, 2025, compared to $12.304 million, representing 33% of service revenue for the same period in 2024.
• Selling, General and Administrative Expenses: $10.080 million for the three months ended March 31, 2025, compared to $12.852 million for the same period in 2024, representing a 22% decrease.
• Income (Loss) from Operations: $3.245 million, representing 8% of service revenue for the three months ended March 31, 2025, compared to - $0.548 million, representing -1% of service revenue for the same period in 2024.
• Net Loss: - $5.271 million for the three months ended March 31, 2025, compared to - $9.157 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focused on becoming the premier provider of mortgage and real estate marketplaces and related technology-enabled solutions to a broad and diversified customer base of residential real estate and loan investors, servicers, and originators. The company aims to grow its business by launching new solutions, increasing customer adoption of existing solutions, and attracting new customers.
• Non-Core Business: The company is evaluating its strategy and core businesses to provide long-term value to its customers and shareholders. This includes potential business acquisitions, dispositions, closures, sales of equity securities, or other similar actions aligned with its strategy.