La Rosa Holdings Corp. Reports Unaudited Preliminary Revenue of Approximately $65 Million for Fiscal Year 2024, Achieving 104% Year-Over-Year Growth
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 (NASDAQ: LRHC) ha riportato ricavi preliminari non verificati di circa 65 milioni di dollari per l'anno fiscale 2024, rappresentando un incremento del 104% rispetto all'anno fiscale 2023. Questo notevole crescita è stata attribuita a acquisizioni strategiche di franchise di agenzie immobiliari e all'aumento del numero di agenti.
L'azienda prevede di concludere un'acquisizione precedentemente annunciata nel primo trimestre del 2025 di un'agenzia immobiliare che ha generato 19 milioni di dollari di ricavi nel 2023 e conta oltre 950 agenti in più stati. I piani futuri includono l'espansione in nuovi stati, ulteriori acquisizioni di agenzie, crescita del numero di agenti e miglioramenti tecnologici.
I dati preliminari sui ricavi sono non verificati e soggetti a modifiche, con i risultati finanziari completi che saranno presentati nel prossimo Rapporto Annuale sul modulo 10-K alla SEC.
La Rosa Holdings (NASDAQ: LRHC) informó ingresos preliminares no auditados de aproximadamente $65 millones para el año fiscal 2024, lo que representa un incremento del 104% en comparación con el año fiscal 2023. Este crecimiento significativo se atribuyó a adquisiciones estratégicas de franquicias de corretaje inmobiliario y al aumento en el número de agentes.
La empresa planea cerrar una adquisición previamente anunciada en el primer trimestre de 2025 de una firma de corretaje inmobiliario que generó $19 millones en ingresos en 2023 y cuenta con más de 950 agentes en varios estados. Los planes futuros incluyen expansión a nuevos estados, adquisiciones adicionales de firmas de corretaje, crecimiento en el número de agentes y mejoras tecnológicas.
Las cifras de ingresos preliminares son no auditadas y están sujetas a ajustes, con los resultados financieros completos que se presentarán en el próximo Informe Anual en el formulario 10-K a la SEC.
라 로사 홀딩스 (NASDAQ: LRHC)는 2024 회계연도에 약 6,500만 달러의 예비 미감사 수익을 보고하며, 이는 2023 회계연도에 비해 104% 증가한 수치입니다. 이와 같은 큰 성장은 전략적인 부동산 중개 프랜차이즈 인수 및 에이전트 수 증가에 기인하였습니다.
회사는 2025년 1분기에 2023년에 1,900만 달러의 수익을 올리고 여러 주에 950명 이상의 에이전트를 둔 부동산 중개 회사를 인수할 계획입니다. 향후 계획에는 새로운 주로의 확장, 추가 중개 회사 인수, 에이전트 수 증가 및 기술 개선이 포함됩니다.
예비 수익 수치는 미감사이며 조정될 수 있으며, 전체 재무 결과는 SEC에 제출될 10-K 양식의 연례 보고서에 포함될 것입니다.
La Rosa Holdings (NASDAQ: LRHC) a annoncé des revenus préliminaires non audités d'environ 65 millions de dollars pour l'exercice fiscal 2024, représentant une augmentation de 104% par rapport à l'exercice fiscal 2023. Cette croissance significative est attribuée à des acquisitions stratégiques de franchises de courtage immobilier et à une augmentation du nombre d'agents.
L'entreprise prévoit de finaliser une acquisition précédemment annoncée au premier trimestre 2025 d'une société de courtage immobilier ayant généré 19 millions de dollars de revenus en 2023 et comptant plus de 950 agents dans plusieurs États. Les projets futurs incluent une expansion dans de nouveaux États, d'autres acquisitions de sociétés de courtage, une croissance du nombre d'agents et une amélioration technologique.
Les chiffres de revenus préliminaires sont non audités et sujets à des ajustements, les résultats financiers complets devant être déposés dans le prochain rapport annuel sur le formulaire 10-K auprès de la SEC.
La Rosa Holdings (NASDAQ: LRHC) meldete vorläufige, ungeprüfte Einnahmen von etwa 65 Millionen Dollar für das Geschäftsjahr 2024, was einem 104% Anstieg im Vergleich zum Geschäftsjahr 2023 entspricht. Dieses signifikante Wachstum wurde auf strategische Akquisitionen von Immobilienmakler-Franchisenehmern und eine erhöhte Anzahl von Agenten zurückgeführt.
Das Unternehmen plant, im ersten Quartal 2025 eine zuvor angekündigte Akquisition einer Immobilienmaklerfirma abzuschließen, die 2023 Einnahmen von 19 Millionen Dollar erzielt hat und mehr als 950 Agenten in mehreren Bundesstaaten beschäftigt. Zu den zukünftigen Plänen gehören die Expansion in neue Bundesstaaten, zusätzliche Akquisitionen von Maklerfirmen, das Wachstum der Agentenzahl und technologische Verbesserungen.
Die vorläufigen Einnahmezahlen sind ungeprüft und können Anpassungen unterliegen; die vollständigen finanziellen Ergebnisse werden im kommenden Jahresbericht auf dem Formular 10-K bei der SEC eingereicht.
- 104% year-over-year revenue growth to $65 million in FY2024
- Planned acquisition of brokerage firm with $19M revenue and 950+ agents
- Strategic expansion through acquisitions and agent count increase
- Preliminary figures are unaudited and subject to adjustments
- Acquisition closings are contingent on multiple conditions and approvals
Insights
La Rosa Holdings' impressive
Several key factors deserve attention:
- Revenue Quality: The growth is largely driven by acquisitions, which typically carry integration risks and potential cultural challenges. The pending acquisition of a
$19 million revenue brokerage represents nearly30% of current revenue, indicating significant reliance on inorganic growth. - Technology Integration: The company's cloud-based, tech-integrated platform could provide operational leverage as they scale, potentially improving margins and agent productivity. This differentiator is important in the competitive real estate brokerage market.
- Market Positioning: The agent-centric approach aligns with industry trends toward better agent support and retention. With over 950 agents coming from the planned acquisition, the company's ability to maintain and grow this network will be crucial.
- Growth Sustainability: While the
104% growth is impressive, investors should note that maintaining such rates becomes increasingly challenging as the revenue base expands. The acquisition pipeline and organic growth initiatives will be critical for future performance.
The unaudited nature of these results and pending Form 10-K filing suggest investors should await final figures and detailed financial metrics beyond revenue. The company's expansion strategy appears well-structured, but execution capabilities and market conditions will ultimately determine long-term success.
La Rosa's strategic positioning in the evolving real estate brokerage landscape merits detailed examination. The company's multi-service approach and technology integration represent a modern vision for real estate services, particularly important in a sector undergoing rapid transformation.
Critical market factors to consider:
- Market Consolidation: The fragmented real estate brokerage market presents opportunities for well-capitalized firms to acquire and integrate smaller operations. La Rosa's acquisition strategy capitalizes on this trend while potentially achieving economies of scale.
- Technology Advantage: Cloud-based, integrated platforms are becoming essential differentiators in agent recruitment and retention. La Rosa's focus on technology infrastructure could provide competitive advantages in agent productivity and client service delivery.
- Geographic Expansion: The planned multi-state expansion through acquisitions suggests a thoughtful approach to market penetration, potentially reducing regional market risk exposure.
- Agent Value Proposition: The agent-centric model, combined with technology integration, addresses key pain points in agent operations and support, potentially improving retention and recruitment success rates.
While the growth trajectory is impressive, success will depend on maintaining service quality and technological advantages across an expanding geographic footprint while navigating varying regional market conditions.
Celebration, FL, Jan. 23, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced preliminary unaudited revenue for fiscal year 2024, totaling an estimated
Joe La Rosa, CEO of La Rosa, commented, “Achieving over
The preliminary revenue figures described in this press release are unaudited and subject to customary adjustments. The Company expects to file its full financial results for fiscal 2024 in due course, along with the filing of the Annual Report on Form 10-K with the SEC. The closings of the acquisitions mentioned in this press release are subject to, and contingent upon, the execution of a definitive agreement and other related transaction documents by the parties, corporate approval and customary closing conditions. There can be no assurances that these transactions will be consummated.
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with
La Rosa's business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 26 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, Georgia, North Carolina and Puerto Rico. The Company also has 6 La Rosa Realty franchised real estate brokerage offices and branches and 3 affiliated real estate brokerage offices in the United States and Puerto Rico. Additionally, the Company has a full-service escrow settlement and title company in Florida.
For more information, please visit: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
For more information, contact: info@larosaholdings.com
Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email: LRHC@crescendo-ir.com
FAQ
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