Anywhere(HOUS)2025-02-13 12:32Financial Performance - Generated Revenue of 112 million (9%) year-over-year[3] - Reported Net Loss of 43 million compared to Q4 2023[3] - Operating EBITDA of 24 million (86%) year-over-year[3] - Full Year 2024 Revenue reached 56 million (1%) year-over-year[4] - Full Year 2024 Operating EBITDA was 35 million (14%) increase year-over-year[4] - Gross commission income for Q4 2024 was 1,011 million in Q4 2023, representing an increase of 9.2%[27] - Net revenues for the full year 2024 reached 5,636 million in 2023, reflecting a growth of 1%[27] - Total revenue for the company in Q4 2024 was 1.250 billion in Q4 2023[47] - Operating EBITDA for Q4 2024 was 28 million in Q4 2023[47] - For the full year 2024, the company reported a net loss of 97 million in 2023[50] - Total revenue for the year ended December 31, 2024, was 5.636 billion in 2023[54] Cost Management - The company realized cost savings of approximately 100 million in 2025, offset by inflationary pressures and investments[8] - Restructuring costs for the year ended December 31, 2024, totaled 49 million in 2023[50] - The company incurred non-cash impairments of 65 million in impairments recorded in 2023[50] - The company incurred restructuring costs of 2.4 billion as of December 31, 2024, with a Senior Secured Leverage Ratio of 1.22x[12] - For the year ended December 31, 2024, Anywhere reported a total senior secured net debt of 2.437 billion[79] - Total current liabilities increased to 1,207 million in 2023, an increase of 15.1%[35] Market Conditions - The company anticipates continued challenges in the residential real estate market due to high mortgage rates and inflation, which may impact future performance[20] - Combined closed transaction volume increased 13% year-over-year in Q4 2024, with units up about 3% and price up 9%[3] - Closed homesale sides for the year totaled 700,589, a decrease from 720,853 in 2023, reflecting a decline of 2.8%[39] - Average homesale price increased to 462,277 in 2023, an increase of 7.6%[39] Shareholder Information - Basic loss per share for Q4 2024 was 0.97 in Q4 2023[27] - The company reported a total of 111.3 million weighted average common shares outstanding for both Q4 2024 and Q4 2023[27] - The weighted average diluted shares outstanding for the year was 110.3 million[69] Cash Flow and Investments - Net cash provided by operating activities decreased to 187 million in 2023, a decline of 44.4%[37] - Net cash provided by operating activities for Q4 2024 was 62 million in Q4 2023[71] - Free Cash Flow for Q4 2024 was 13 million in Q4 2023[71] - Capital expenditures for the year ended December 31, 2024 totaled 72 million in 2023[71] - Net cash used in financing activities was 227 million in 2023[37] - The company reported a net increase in cash, cash equivalents, and restricted cash of 99 million in 2023[37] Strategic Initiatives - The company is focusing on recruiting and retaining productive independent sales agents as part of its business strategy[20] - The company plans to integrate artificial intelligence into its products and services to enhance operational efficiency[20]