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Real Matters Reports Fourth Quarter and Fiscal 2021 Financial Results and Intention to Amend its Normal Course Issuer Bid ( all amounts are expressed in millions of U.S. dollars , excluding per share amounts and unless otherwise stated ) TORONTO -- ( BUSINESS WIRE ) -- November 17 , 2021 -- Real Matters Inc. ( TSX : REAL ) ( " Real Matters " or the " Company " ) , a leading network management services platform for the mortgage and insurance industries , today announced its financial results for the fourth quarter and fiscal year ended September 30 , 2021 . " We closed out fiscal 2021 with record results in our U.S. Appraisal business . We also marked a milestone year for U.S. Title with the launch of our first Tier 1 and the rollout of a new Tier 2 lender , achieving double - digit market share in the retail channel with both of these title clients , based on our strong performance , ” said Real Matters CEO Brian Lang . “ We continue to execute on our plan with a long - term view of the business and are confident in our ability to achieve our fiscal 2025 objectives , which includes doubling our U.S. Appraisal market share and tripling our U.S. Title market share from fiscal 2020 levels . ” added Lang . “ Our business has demonstrated considerable growth since going public in 2017 : consolidated revenues increased 66 % , Net Revenues ( A ) were up 78 % , and we have grown Adjusted EBITDA ( A ) five - fold . Our U.S. Appraisal business generated more revenues in fiscal 2021 than our consolidated business reported in fiscal 2017. And , our centralized title volumes have more than tripled since fiscal 2017. At the same time , we have returned significant value to shareholders by purchasing 16.5 % of our outstanding shares since going public and we ended the year with more than $ 60 million of cash on our balance sheet . " Q4 2021 Key Performance Indicators ( year - over - year ) Revenues Revenue Growth ( Decline ) Net Income Net Revenue ( A ) Growth ( Decline ) Adjusted EBITDA ( A ) Margin Q4 2021 Highlights • • • • U.S. Appraisal U.S. Title Consolidated $ 90.9 million 28.4 % $ 21.8 million -50.3 % $ 125.6 million 0.9 % $ 9.1 million 13.0 % 59.5 % -49.3 % -25.5 % 19.7 % 31.4 % Launched eight new lenders in U.S. Appraisal , one new channel with one of our Tier 1 clients Achieved double - digit market share in first channel with first Tier 1 and new Tier 2 in U.S. Title Launched four new lenders in U.S. Title Purchased 1.1 million shares under our normal course issuer bid at a cost of $ 11.7 million