The Real Brokerage Inc. (NASDAQ:REAX) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET

Company Participants

Ravi Jani - Vice President of Investor Relations & Financial Planning & Analysis
Tamir Poleg - Chairman & Chief Executive Officer
Sharran Srivatsaa - President
Michelle Ressler - Chief Financial Officer

Conference Call Participants

Stephen Sheldon - William Blair
Matthew Erdner - JonesTrading
Josh Goldberg - G2 Investment Partners

Operator

Good morning, everyone and welcome to the Real Brokerage Second Quarter 2024 earnings call. At this time, all participants have been placed on a listen-only mode. And we will open the floor for your questions and comments after the presentation.

It is now my pleasure to turn the floor over to your host, Ravi Jani, Vice President of Investor Relations and Financial Planning and Analysis at Real Brokerage. Sir, the floor is yours.

Ravi Jani

Thanks, and good morning. Thank you for standing by, and welcome to the Real Brokerage conference call and webcast for the second quarter ended June 30, 2024. We appreciate everyone for joining us today.

With me on the call today are Tamir Poleg, our Chairman and Chief Executive Officer; Sharran Srivatsaa, President; and Michelle Ressler, our Chief Financial Officer. This morning, Real published an earnings press release, including results for the second quarter ended June 30, 2024. The press release along with the unaudited consolidated financial statements and related management's discussion and analysis for the quarter have been filed with the US Securities and Exchange Commission on EDGAR and with the Canadian securities regulators on SEDAR.

Before we get started, I'd like to remind everyone that statements made in this conference call that are not historical facts, including statements about future time periods may be deemed to constitute forward-looking statements. Our actual results may differ materially from these forward-looking statements and the risk factors that could cause these differences are detailed in our Canadian continuous disclosure documents and SEC reports. Real disclaims any intent or obligation to update these forward-looking statements, except as expressly required by law.

With that, I'd like to turn the call over to Chairman and Chief Executive Officer, Tamir Poleg. Tamir, please proceed.

Tamir Poleg

Good morning, and thank you, Ravi. I would like to apologize in advance I lost my voice, but rest assured it has no impact on our financial performance. I will start with an overview of our strategy and some recent business highlights. Sharran will provide an update on actions we are taking to drive agent growth and improve agent experience, and Michelle will provide a more in-depth discussion of our financial results this quarter. I'll then provide a few closing remarks before opening up the call for Q&A.