Overview

* Bridgemarq Q3 revenue declines to C$122.9 mln from C$126.8 mln in 2024

* Company reports Q3 net loss of C$1.7 mln, improved from C$10.8 mln loss in 2024

* Adjusted net earnings fall to C$1.0 mln from C$2.7 mln in Q3 2024

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* FRANCHISE FEES - Increase in franchise fees driven by fee hikes and more realtors

* NET LOSS REDUCTION - Unchanged valuation of Exchangeable Units helped reduce net loss

* AGENT NETWORK GROWTH - Continued growth in agent network attributed to competitive tools and technologies

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$122.90

Revenue mln

Q3 EPS -C$0.18

Q3 Net -C$1.70

Income mln

Q3 C$1.28

Operatin mln

g Cash

Flow

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* Wall Street's median 12-month price target for Bridgemarq Real Estate Services Inc ( BREUF ) is C$15.50, about 16.5% above its November 13 closing price of C$12.95

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)