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RMSG

Real Messenger Corporation

RMSG

Real Messenger Corporation • NASDAQ
$2.15 ▲ 3.86% (+0.08)
Market Cap $20.58 M
52w High $5.46
52w Low $1.38
Dividend Yield 0%
P/E -3.98
Volume 1.38K
Outstanding Shares 9.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $192.991K ▲ $-77.581K ▼ 0% $-0.031 ▼ $-77.58K ▼
Q1-2025 $0 $184.561K ▼ $53.057K ▲ 0% $0.016 ▲ $53.059K ▲
Q4-2024 $0 $272.262K ▲ $-40.066K ▼ 0% $-0.012 ▼ $-40.062K ▼
Q3-2024 $0 $165.619K $66.8K 0% $0.02 $66.804K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $2.575M ▼ $4.051M ▼ $349.01K ▼ $3.702M ▲
Q2-2025 $5.793M ▲ $7.078M ▼ $12.395M ▲ $-5.318M ▼
Q1-2025 $16.718K ▼ $18.74M ▲ $3.856M ▼ $14.884M ▲
Q4-2024 $597.16K ▲ $1.668M ▼ $5.325M ▲ $-3.657M ▼
Q3-2024 $97.273K $17.939M $3.068M $14.871M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-77.581K ▼ $-309.376K ▼ $16.254M ▲ $-15.943M ▼ $1.77K ▼ $-309.38K ▼
Q1-2025 $53.057K ▲ $-59.285K ▲ $-209.36K ▼ $272.422K ▼ $3.789K ▲ $-59.29K ▲
Q4-2024 $-40.066K ▼ $-383.094K ▼ $-209.29K ▼ $508.04K ▲ $-84.344K ▼ $-383.09K ▼
Q3-2024 $66.8K $-89.901K $-207.124K $231.618K $-65.283K $-89.9K

Five-Year Company Overview

Income Statement

Income Statement The company looks very early in its commercial life. The available data shows essentially no recorded revenue yet, but it is already posting losses per share. That usually means the business is still in the “build and scale” phase: spending on product, people, and marketing before meaningful sales have shown up in the official financials. Overall, this is a pre‑revenue, loss‑making profile with high uncertainty until monetization becomes visible in reported results.

Balance Sheet

Balance Sheet The balance sheet information is very thin and suggests only a small financial base so far. Reported assets and cash are minimal, while debt exists but appears modest, and past equity even dipped slightly negative before flattening out. In plain terms, the company does not appear to have a large cushion of resources and likely depends heavily on outside funding. Financial flexibility and access to capital will be important to watch, because the current balance sheet does not by itself signal strong resilience.

Cash Flow

Cash Flow Formal cash flow data is essentially blank, which makes it hard to judge how fast the company is burning cash. Given that it shows losses but no revenue, it is reasonable to assume cash is being used to fund development and growth with little coming in from operations yet. That typically means a reliance on SPAC proceeds or new capital raises. The key unknowns are how much cash is actually on hand and how long that can support the current strategy before more funding is needed.

Competitive Edge

Competitive Edge Real Messenger is trying to carve out a niche in a crowded real estate tech market by acting more like a social network than a listing site. Its focus is on agents and communication, rather than just property search, which sets it apart from large portals like Zillow and Redfin. The potential strength here is network effects: if enough agents and clients use it, the platform becomes more valuable and harder to displace. The risk is that reaching that critical mass is difficult, especially when competing against bigger, well‑funded incumbents and many niche tools already used by real estate professionals.

Innovation and R&D

Innovation and R&D The company’s main innovations are its AI‑driven recommendation and chat features (RealAI) and short‑form video tools (RealMoment), all embedded in a social, mobile‑first app. It is also experimenting with subscription tiers to monetize engagement and provide premium features to agents and consumers. The vision is to become a central “super app” for real estate communication and tools, possibly by integrating with other prop‑tech services. This is a creative concept with clear differentiation, but there is no visible patent protection yet, and success will depend on continuous product improvement and user adoption rather than technology alone.

Summary

Real Messenger is an early‑stage, SPAC‑listed software company with an ambitious, social‑first vision for the real estate industry but almost no financial track record yet. The story is driven far more by its product concept and growth plans than by current revenue or profits. On the positive side, it offers a differentiated, agent‑centric platform that could benefit from strong network effects if it scales. On the risk side, it appears to be pre‑revenue, loss‑making, thinly capitalized, and facing intense competition, with limited disclosed data on cash and funding runway. Going forward, the most important things to monitor are user growth, engagement, monetization of its subscription and advertising ideas, and how it manages capital needs while it tries to build a durable position in the prop‑tech ecosystem.