secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Elliman Inc. (DOUG)
CIK:        0001878897
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001878897-22-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Elliman Q3 net loss $4.0M; revenue $272.6M, down 23% YoY
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- Consolidated revenues $272.6M, down from $354.2M in Q3 2021; operating loss of $5.2M vs income $25.5M.
- Net loss $4.0M ($0.05 diluted loss per share) vs net income $25.2M ($0.32 EPS) a year ago.
- Real estate brokerage gross transaction value $11.0B vs $13.4B; avg price per deal $1.530M.
- Adjusted EBITDA attributed to Douglas Elliman fell to $124K from $27.8M in prior-year quarter.
- CEO says higher mortgage rates and limited inventory challenged Q3 but remains optimistic long-term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878897/000187889722000043/0001878897-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878897/000187889722000043/doug-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001878897-22-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer