08:44 AM EDT, 07/31/2025 (MT Newswires) -- Real Matters ( RLLMF ) , a network management services platform for the mortgage and insurance industries, on Thursday said that it swung to a loss as revenues fell in the third quarter.

The company's third-quarter net loss was reported at US$4.9 million or $0.07, compared to net income of US$1.7 million or $0.02 in the corresponding year-ago quarter, which the company attributed to an increase in net foreign exchange loss.

The company posted an adjusted net loss per diluted share of US$0.01 per share, compared to an adjusted net income per diluted share of US$0.02 per share in the year-ago quarter and consensus estimate compiled by FactSet of breakeven per share.

The company's net revenue for the quarter was US$11.9 million, down from $13.1 million in the year-ago quarter. Consensus estimate compiled by FactSet for revenue was US$13.2 million.

The company's consolidated revenue was US$45.4 million in the third-quarter, down 8% from US$49.5 million, as the company said that increased revenue in its U.S. Title segment was offset by lower year-over-year U.S. Appraisal revenue.

"We continued to launch new clients in the third quarter across all three of our segments and performed at the top of lender scorecards," said Real Matters ( RLLMF ) Chief Executive Officer, Brian Lang. "Subsequent to quarter end, we also went live with our second Tier 1 lender in U.S. Title and added a new top-15 lender in U.S. Appraisal. Overall, we remain on track with the execution of our strategy which is focused on growing market share and readying the business to scale up when mortgage market volumes normalize."