LRHC

La Rosa Holdings Corp. Reports Preliminary 104% Revenue Growth for Fiscal Year 2024

La Rosa Holdings Corp. reports a 104% revenue increase in fiscal 2024, reaching an estimated $65 million.

Quiver AI Summary

La Rosa Holdings Corp. has announced preliminary unaudited revenue of approximately $65 million for fiscal 2024, marking a notable 104% increase compared to the previous year. CEO Joe La Rosa highlighted the company's growth driven by strategic acquisitions of real estate brokerage franchises and a rising agent count, with plans for continued expansion in 2025, including a significant acquisition of another brokerage firm expected to close in the first quarter. The company operates multiple real estate services and is implementing a disruptive business model that offers agents a choice between revenue sharing and fee-based commission structures. La Rosa currently has numerous brokerage offices across several states and Puerto Rico and is set to file its complete financial results along with its Annual Report in the near future.

Potential Positives

  • The Company reported preliminary unaudited revenue for fiscal year 2024 at an estimated $65 million, marking a significant 104% increase year-over-year.
  • Strategic acquisitions of real estate brokerage franchisees and a growth in agent count have been highlighted as key drivers of the revenue increase.
  • The CEO's comments indicate strong future growth potential, with plans for continued expansion and additional acquisitions, including a brokerage firm with $19 million in revenue in 2023.
  • La Rosa’s innovative business model, offering agents the flexibility between a revenue share model and an annual fee-based model with 100% commissions, positions the company as a disruptive force in the real estate industry.

Potential Negatives

  • Preliminary revenue figures are unaudited, indicating potential for significant adjustments, which may affect stakeholder confidence.
  • The announcement includes forward-looking statements that are not guarantees of future performance, creating uncertainty regarding the company's growth and profitability.
  • There is no assurance that the planned acquisitions will be successfully completed, which could hinder future growth projections.

FAQ

What is La Rosa Holdings Corp.'s revenue for fiscal year 2024?

La Rosa Holdings Corp. reported preliminary unaudited revenue of approximately $65 million for fiscal year 2024, a 104% increase year-over-year.

How did La Rosa achieve its substantial revenue growth?

The company's growth was driven by strategic acquisitions of real estate brokerage franchisees and a significant increase in agent count.

What are La Rosa's plans for 2025?

La Rosa plans to continue expansion by closing acquisitions, increasing agent count, and enhancing its technology offerings in new states.

Where are La Rosa's real estate offices located?

La Rosa has corporate and franchised offices located in Florida, California, Texas, Georgia, North Carolina, and Puerto Rico.

What business model does La Rosa offer to agents?

La Rosa offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$LRHC Insider Trading Activity

$LRHC insiders have traded $LRHC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $LRHC stock by insiders over the last 6 months:

  • ALEX SANTOS (CHIEF TECHNOLOGY OFFICER) sold 9,611 shares for an estimated $8,582

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$LRHC Hedge Fund Activity

We have seen 6 institutional investors add shares of $LRHC stock to their portfolio, and 5 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release



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 $65 million. This represents an approximately 104% increase in revenue year-over-year, as compared to revenue for 2023 fiscal year.



Joe La Rosa, CEO of La Rosa, commented, “Achieving over 100% year-over-year revenue growth underscores the strength of our business model. This remarkable performance was driven by strategic acquisitions of real estate brokerage franchisees and a significant increase in agent count. We anticipate that 2025 will be another strong year as we build on this momentum with ambitious plans for continued expansion. We are on track to close previously announced acquisition of a real estate brokerage firm in Q1 of 2025, which generated $19 million in revenue in 2023 and boasts a network of over 950 agents across multiple states. Looking ahead, we plan to expand into new states, acquire additional real estate brokerage firms, increase our agent count, and continuously enhance our technology."




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 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage services and offers technology-based products and services to its sales agents and franchise agents.



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










This article was originally published on Quiver News, read the full story.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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