RMA Global Ltd (ASX: RMY) share price has regained some ground from yesterday's losses after the company released another market update today. This time, its investor presentation at the Bell Potter Decoded conference.

The RMA Global share price is up 1.9% to 26.5 cents per share in late afternoon trading.

RMA is in the real estate app platform market, providing extensive data on residential property sale results for real estate agents and agencies, and reviews of agent performance from vendors and buyers of residential real estate.

RMA Global's reflected approach during COVID-19

The company used the conference to bring investors up to date on how the company tackled growth challenges throughout the COVID-19 pandemic.

Its presentation outlined how it stopped new feature development throughout the pandemic and instead launched mortgage broking as a new adjacency offering. The company says it now has 80% of Australian real estate agents using its platform and can provide users with all Australian real estate listings.

Its New Zealand base is lower due to fewer listings and the country's smaller population, but RMA still boasts 110,000 agents and a similar number of property listings.

The company now aims to provide a premium tier for agents to self-advertise on the platform, as it seeks to create a competitive environment among app users targeting potential sellers. The platform already allows sellers to rate their real estate agents, one of the app's key selling points for regular users. 

It's also looking at social media integrations. RMA said that the company actually grew throughout the COVID-19 pandemic, which may have been boosted by low interest rates and a booming housing market across Australia.

RMA Global share price snapshot

The RMA Global share price has had a bumpy ride since it released its quarterly activities report on Monday, peaking at 28 cents before falling 7% yesterday, then rising to its current price of 26.5 cents.

The post The RMA Global (ASX:RMY) share price is rebounding today. Here's why appeared first on The Motley Fool Australia.

The RMA Global Ltd (ASX: RMY) share price is rising today after the company released its quarterly business update outlining increases in recurring revenue. 

The RMA Global share price is currently up 3.85%, trading at 27 cents per share.

RMA Global is an Australia-based online digital marketing business. It provides data on residential property sales in particular and usually performs strongly in periods of increased housing market demand, such as the current time.

The company generates revenue from subscription services and promoter services. Geographically, it has a presence in the United States, Australia and New Zealand (ANZ), but it derives most revenue from ANZ markets.

RMA Global's quarterly business update

RMA Global advised that its recurring revenue for the third quarter of FY21 was $2.97 million, up 17% quarter-on-quarter (QoQ) and 59% year-on-year (YoY). Cash flow also improved, with net receipts from customers in the same quarter FY21 of $3.66 million, up 19.5% QoQ and 59% YoY.

In the United States, it now has 115,000 real estate agents on its platform and 109,800 reviews. Total agents on the platform and the total number of reviews for this quarter of FY21 increased by 148% and 363%, respectively, compared to the same quarter last financial year.

RMA says its US focus is to drive agents on the platform and reviews. As of 19 April 2021, there were 115,000 agents on the US platform who have collected a total of 109,800 reviews (including imported reviews). RMA says this increase reflects a continuing strong agent uptake and engagement with the platform.

While the US focuses on increasing agents on the platform and their reviews, subscription revenues are growing, with 193% higher revenues generated in 1H FY21 compared to 2H FY20, but off a low base. RMA says its revenues are expected to increase in the second half of FY21 as the company allocates more resources to monetising the agent base.

It also announced continued growth in all products across Australian and New Zealand (ANZ) markets. In addition, RMA said that the coronavirus pandemic has had no material impact on its business to date, which could be due to record-low interest rates across the world and the increased demand on the housing market.

What RMA management says

RMA CEO Michael Davey highlighted the company's 18% increase in ANZ markets.

We are very pleased with our growth in ANZ over the last few months, which has surpassed our expectations. In a rapidly changing environment, we are able to adapt to our customers' needs which is reflected in our growing revenues and increasing customer engagement.

The US has also seen us accelerate the number of agents on the platform and we anticipate an exciting pipeline of activity to come in the second half of the year.

RMA Global share price snapshot

The RMA Global share price is down 10% since 2021 began. It has gained 8% over the past 12 months, but that's significantly lower than the broader communications services sector.

The post Why is the RMA Global (ASX:RMY) share price rising today? appeared first on The Motley Fool Australia.