03:50 PM EST - Real Matters Inc. : Announced its financial results for the second quarter ended March 31, 2020. The significant year-over-year increase in volumes serviced by our U.S. Appraisal and U.S. Title segments generated consolidated Adjusted EBITDA of $14.6 million compared to $2.8 million in the second quarter of 2019, and consolidated Adjusted EBITDa margins increased to 40.6% from 13.8%. The company also continued to be active in our normal course issuer bid in the second quarter, purchasing one million shares at a cost of $9.8 million, while its cash balance increased to $89.1 million from $80.9 million at December 31, 2019. Real Matters Inc.
shares T.REAL are trading up $3.43 at $19.85.