La Rosa Holdings Reports Preliminary 9-Month Revenue for 2024 of Approximately $45 Million, Reflecting 120% Year-Over-Year Growth
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) ha riportato entrate preliminari non verificate di 45 milioni di dollari per i primi nove mesi del 2024, mostrando una crescita del 120% su base annua. L'azienda ha annunciato una Lettera di Intenti per acquisire un'agenzia immobiliare che ha generato oltre 19 milioni di dollari di entrate nel 2023 e conta più di 950 agenti. La Rosa prevede un tasso di crescita annualizzato delle entrate di 100 milioni di dollari entro la fine del 2024 e si aspetta di raggiungere la redditività nel 2025. La crescita è stata guidata dalle acquisizioni di franchise immobiliari e dall'aumento del numero di agenti.
La Rosa Holdings Corp. (NASDAQ: LRHC) informó sobre ingresos preliminares no auditados de 45 millones de dólares para los primeros nueve meses de 2024, mostrando un crecimiento del 120% en comparación con el año anterior. La compañía anunció una Carta de Intención para adquirir una firma de corretaje inmobiliario que generó más de 19 millones de dólares en ingresos en 2023 y tiene más de 950 agentes. La Rosa proyecta un rango de ingresos anualizado de 100 millones de dólares para finales de 2024 y espera ser rentable en 2025. El crecimiento fue impulsado por adquisiciones de franquicias de corretaje inmobiliario y el aumento en el número de agentes.
라 로사 홀딩스 컴퍼니(LRHC; NASDAQ: LRHC)는 2024년 첫 9개월 동안 4500만 달러의 잠정 미감사 매출을 보고하며 전년 대비 120% 성장을 기록했습니다. 이 회사는 2023년에 1900만 달러 이상의 매출을 올리고 950명 이상의 에이전트가 있는 부동산 중개업체 인수를 위한 의향서를 발표했습니다. 라 로사는 2024년 말까지 연간 매출 목표 1억 달러를 예상하며 2025년에는 수익성을 기대하고 있습니다. 성장은 부동산 중개 프랜차이즈 인수와 에이전트 수의 증가에 의해 촉진되었습니다.
La Rosa Holdings Corp. (NASDAQ: LRHC) a rapporté des revenus préliminaires non audités de 45 millions de dollars pour les neuf premiers mois de 2024, affichant une croissance de 120% d'une année sur l'autre. La société a annoncé une lettre d'intention pour acquérir une agence immobilière qui a généré plus de 19 millions de dollars de revenus en 2023 et compte plus de 950 agents. La Rosa prévoit un taux de revenus annualisé de 100 millions de dollars d'ici la fin de 2024 et s'attend à être rentable en 2025. La croissance a été alimentée par des acquisitions de franchises de courtage immobilier et une augmentation du nombre d'agents.
La Rosa Holdings Corp. (NASDAQ: LRHC) berichtete von vorläufigen, unverifizierten Einnahmen in Höhe von 45 Millionen Dollar für die ersten neun Monate des Jahres 2024, was ein Wachstum von 120% im Jahresvergleich bedeutet. Das Unternehmen gab eine Absichtserklärung zur Übernahme einer Immobilienmaklerfirma bekannt, die im Jahr 2023 über 19 Millionen Dollar Umsatz erzielt hat und mehr als 950 Agenten beschäftigt. La Rosa prognostiziert einen annualisierten Umsatzlauf von 100 Millionen Dollar bis Ende 2024 und erwartet, im Jahr 2025 rentabel zu sein. Das Wachstum wurde durch Übernahmen von Immobilienmakler-Franchisenehmern und die Erhöhung der Anzahl der Agenten vorangetrieben.
- 120% year-over-year revenue growth to $45 million for first 9 months of 2024
- Potential acquisition target with $19 million revenue and 950 agents
- Projected $100 million annualized revenue run rate by end of 2024
- Expected profitability achievement in 2025
- Current operations not profitable
- Acquisition deals still subject to definitive agreements and closing conditions
- Preliminary revenue figures are unaudited and subject to adjustments
Insights
La Rosa Holdings' preliminary revenue report showcases impressive
The pending acquisition of a brokerage firm with
The strategic acquisition target's proprietary SaaS platform represents a significant technological advantage in the competitive real estate market. By integrating this platform with their existing technology stack, La Rosa can enhance agent productivity and create additional revenue streams through software licensing. The cloud-based infrastructure allows for scalable operations and improved agent services, important for maintaining growth in a technology-driven real estate market.
Celebration, FL, Oct. 23, 2024 (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 the first nine months of 2024, totaling an estimated
Joe La Rosa, CEO of La Rosa, commented, “Our growth rate accelerated during the first nine months of 2024, driven by exceptional year-over-year performance, as compared to the same period in 2023, resulting from the acquisition of real estate brokerage franchisees and an increase in agent count. We recently announced a Letter of Intent (LOI) to acquire a real estate brokerage firm that generated over
“With our strategic focus on acquisitions and the rapid growth of our agent base, we are projecting an annualized revenue run rate of
The preliminary revenue figures described in this press release are unaudited and subject to customary adjustments. The Company expects to release its full financial results for the third quarter of 2024 in the coming weeks. 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 24 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, Georgia, and Puerto Rico. The Company also has 9 La Rosa Realty franchised real estate brokerage offices and branches and 3 affiliated real estate brokerage offices, all within the United States and Puerto Rico.
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 June 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
What is La Rosa Holdings (LRHC) revenue for the first 9 months of 2024?
What is LRHC's projected revenue run rate for end of 2024?
When does La Rosa Holdings (LRHC) expect to achieve profitability?
What was the revenue growth rate for LRHC in the first 9 months of 2024?
