secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Elliman Inc. (DOUG)
CIK:        0001878897
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001878897-23-000036
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 Q2 2023 net loss $5.2M; revenue down 24% YoY, GTV falls to $9.9B
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- Consolidated revenue $275.9M, down 24% YoY; operating loss $8.3M vs income $14.6M a year ago.
- Net loss attributed to DOUG $5.2M ($0.06 diluted EPS) vs net income $10.2M ($0.12) in Q2 2022.
- Real estate brokerage segment GTV $9.9B, down from $13.6B; average price per transaction $1.64M.
- Adjusted EBITDA loss $2.6M, down from income $19.2M; H1 2023 net loss $22.8M vs prior year profit.
- Chairman cites limited inventory and higher mortgage rates as headwinds; balance sheet remains strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878897/000187889723000036/0001878897-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878897/000187889723000036/doug-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001878897-23-000036

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