Welcome to our dedicated page for La Rosa Holdings news (Ticker: LRHC), a resource for investors and traders seeking the latest updates and insights on La Rosa Holdings stock.
La Rosa Holdings Corp (LRHC) operates at the intersection of real estate services and technology innovation, offering residential/commercial brokerage, franchising, and property management through its cloud-based platform. This page serves as the definitive source for corporate announcements, financial updates, and strategic developments.
Investors and industry professionals will find timely updates on earnings reports, leadership changes, technology initiatives, and market expansions. The curated collection includes press releases on franchise partnerships, agent coaching programs, and operational enhancements across all business segments.
Key content categories include quarterly financial disclosures, strategic partnership announcements, executive team updates, and innovations in property management technology. Bookmark this resource to monitor LRHC's progress in integrating SaaS solutions with traditional real estate practices.
La Rosa Holdings (NASDAQ: LRHC) reported preliminary unaudited revenue of approximately $65 million for fiscal year 2024, representing a 104% increase compared to fiscal year 2023. The significant growth was attributed to strategic acquisitions of real estate brokerage franchisees and increased agent count.
The company plans to close a previously announced acquisition in Q1 2025 of a real estate brokerage firm that generated $19 million in revenue in 2023 and has over 950 agents across multiple states. Future plans include expansion into new states, additional brokerage firm acquisitions, agent count growth, and technology enhancement.
The preliminary revenue figures are unaudited and subject to adjustments, with full financial results to be filed in the upcoming Annual Report on Form 10-K with the SEC.
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced the acquisition of a 100% interest in its franchisee, La Rosa Realty Beaches , located in Fort Lauderdale, Florida. The acquired company reported trailing twelve-month revenues of approximately $2.7 million with positive net income as of November 30, 2024.
Realty Beaches, which operates with over 90 agents, specializes in residential and commercial real estate brokerage services and offers coaching and support services to agents on a fee basis. The acquisition is expected to drive revenue growth and improve margins through operating efficiencies and economies of scale.
The company emphasizes its distinctive value proposition, offering agents the choice between a revenue-sharing model or a 100% commission, flat-fee structure, allowing for compensation flexibility aligned with individual business goals.
La Rosa Holdings (NASDAQ: LRHC) announced plans to offer Bitcoin and cryptocurrency payment options for its network of real estate agents. The initiative will allow agents to receive commission payments in digital assets, positioning La Rosa as one of the pioneering real estate companies in the U.S. to offer such an option.
The company aims to streamline transactions and modernize real estate practices through blockchain technology integration. La Rosa will implement a 2% fee for agents choosing cryptocurrency payments, potentially creating a new revenue stream. The company believes this offering will provide agents with faster, more secure transactions, lower fees, and potential benefits from digital asset appreciation.
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced the opening of its first office in North Carolina, marking a strategic expansion into a growing real estate market. The state's real estate metrics as of October 2024 show positive trends: home prices increased 2.5% year-over-year, home sales rose 4.6%, and housing inventory grew 19.0%.
The company will introduce its agent-focused model offering 100% commission and revenue share plans, along with proprietary technology, training, and support services. This expansion aims to equip real estate professionals with tools to serve North Carolina's growing population and diverse housing demands.
La Rosa Holdings reported strong revenue growth in Q3 2024, with total revenue increasing 188% year-over-year to $19.6 million. For the first nine months of 2024, revenue grew 155% to $51.7 million, surpassing initial guidance by $6.7 million. The company's residential real estate services saw significant growth, up 328% to $16.5 million in Q3. Key achievements include acquiring seven real estate brokerage franchisees, completing the acquisition of Nona Title Agency, and onboarding over 400 agents since June 2024. The company is targeting a $100 million annualized revenue run rate by end of 2024. However, net loss increased to $3.4 million in Q3 2024 compared to $344,000 in Q3 2023.
La Rosa Holdings Corp. (NASDAQ: LRHC) has acquired the remaining 49% interest in La Rosa Realty Premier, bringing its total ownership to 100%. Realty Premier, located in Orlando, Florida, generated approximately $2.09 million in revenue with positive net income for 2023. The company provides residential and commercial real estate brokerage services, along with coaching and support services. Additionally, La Rosa has announced a Letter of Intent to acquire a brokerage firm with $19 million in revenue and over 950 agents. The company targets a $100 million annualized revenue run rate by end of 2024 and expects profitability in 2025.
La Rosa Holdings (NASDAQ: LRHC) announces its Growth Summit 2024 in Orlando, Florida, reaching full capacity with 500 attendees. The company will unveil advancements in its proprietary real estate technology, including a new lead generation solution, white labeling of JAEME AI assistant and My Agent Account ecosystem, and a preview of My Agent Account 4.0. The platform serves as a centralized hub for agents, featuring JAEME, an AI assistant for marketing and sales support. All La Rosa offices must pay a mandatory subscription fee for the platform. The summit will also include sessions on digital marketing, cryptocurrency transactions, and technology integration in real estate.
La Rosa Holdings (NASDAQ: LRHC), a holding company specializing in real estate services, has announced its participation in the LD Micro 17th Annual Main Event. The event will take place from October 28th to 30th, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles. CEO Joe La Rosa will deliver a presentation on October 29th at 12:00 PM PT/3:00 PM ET, which will be available via live webcast. The company, which operates six agent-centric, technology-integrated real estate segments, will also offer one-on-one meetings with investors during the conference.
La Rosa Holdings Corp. (NASDAQ: LRHC) reported preliminary unaudited revenue of $45 million for the first nine months of 2024, showing a 120% year-over-year growth. The company announced a Letter of Intent to acquire a real estate brokerage firm that generated over $19 million in revenue in 2023 and has more than 950 agents. La Rosa projects an annualized revenue run rate of $100 million by end of 2024 and expects profitability in 2025. Growth was driven by acquisitions of real estate brokerage franchisees and increased agent count.
La Rosa Holdings Corp. (NASDAQ: LRHC) has launched My Agent Account version 3.0, an upgraded proprietary platform featuring a new property management disbursement module. This update is expected to improve operational efficiency for agents by 50% by year-end. The platform has shown significant growth, with utilization increasing by 19% year-over-year and app downloads nearly doubling from 281 in 2023 to 574 in the first 9 months of 2024. The AI assistant JAEME has also seen increased usage, with hits rising from 864 in January to 1,400 in June 2024. La Rosa aims to continue building a proptech company, with version 4.0 set to launch in 2025, offering improvements in transaction management integration and streamlined processes.
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