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With Losses Mounting in a Hot Real Estate Market, Is Redfin's Business Sustainable? [The Motley Fool]

RE/MAX Holdings, Inc. Class A (RMAX) 
Last re/max holdings, inc. class a earnings: 2/20 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.remax.com
Company Research Source: The Motley Fool
With Losses Mounting in a Hot Real Estate Market, Is Redfin's Business Sustainable? Shares of technology-powered real estate brokerage Redfin ( NASDAQ:RDFN Nevertheless, losses at Redfin are headed in the opposite direction. Additionally, it was also announced that there was a falling out with traditional real estate brokerage RE/MAX (NYSE: RMAX) A good year and another good start Redfin is coming off a strong 08 performance. Total revenue grew %, and the company's market share of U.S. home sales by value increased to 0.8% -- compared with 0.7% a year ago. Metric Full-Year 08 Full-Year 07 Change (YOY) Revenue $87 million $70 million Cost of revenue $7 million $8 million % Operating expenses $ million $8 million 7% Adjusted net income (loss) ($.0 million) ($ million) N/A YOY = year over year. Data source: Redfin. Thus, there's plenty of room for Redfin to keep expanding, and expand it did in the first quarter of 09. Revenue increased 8% year over year and total market share was 0.8%. T Show less Read more
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