08:30 AM EDT, 03/28/2024 (MT Newswires) -- Bridgemarq Real Estate Services Inc. ( BREUF ) which provides services to residential real estate brokers, on Thursday said that, for the three months ended December 31, 2023, the company recorded quarterly revenue of $10.8 million, unchanged from last year's $10.4 million.

Net loss was $1.04 million, or $(0.11) per diluted share, compared with net income of $6 million, and $0.18 per diluted share, for Q4 2022.

Bridgemarq also announced the appointment of Spencer Enright as CEO. Enright will step down as the Chair of the Board and Lorraine Bell, a director since 2003 and current Chair of the Audit Committee, will succeed him as Chair of the Board. Colum Bastable, an independent director, will take over as Chair of the Audit Committee.

These changes are due to the company's acquisition of Bridgemarq Real Estate Services Manager Limited and Proprio Direct Inc. from Brookfield Business Partners (BBU-UN.TO), previously announced last December. The transaction is expected to close before the end of March.

Phil Soper will continue in his role as President of Bridgemarq.