07:53 AM EDT, 04/30/2025 (MT Newswires) -- Real Matters ( RLLMF ) said Wednesday it sank to an adjusted net loss in the fiscal second quarter ended March 31.

The company reported an adjusted net loss of US$1.2 million, or a loss of US$0.02 per share, swinging from a net profit of US$1.3 million, or US$0.02 per share.

Net revenue slipped to US$10.1 million from US$11.5 million due to a double-digit decline in the addressable U.S. purchase mortgage origination market.

Adjusted EBITDA loss was US$1.9 million, compared to a gain of US$700,000.

"As we have experienced in the past, economic and financial market uncertainties can create significant opportunity for the mortgage industry," CEO Brian Lang said.

"Solid execution of our strategy continues to broaden our client base and deepen our customer relationships, particularly in U.S. Title where we have significant runway for growth, which should allow us to better capitalize on market improvements and capture more volume," Lang added.