Core Viewpoint - reAlpha Tech Corp. has appointed Piyush Phadke as Chief Financial Officer, effective January 30, 2025, to enhance its financial operations and support its growth strategy [1][3]. Company Overview - reAlpha Tech Corp. is a real estate technology company focused on developing an AI-driven, commission-free homebuying platform, aiming to provide a more affordable and streamlined experience for homebuyers [5]. Leadership Appointment - Piyush Phadke brings over 20 years of experience in finance and investment banking, having previously served as Managing Director at BTIG, LLC, and held senior positions at Jefferies LLC and Bank of America [2]. - Mr. Phadke's initial focus will be on optimizing reAlpha's capital structure and strengthening its balance sheet [3]. Strategic Goals - The company aims to leverage AI technologies to become a global leader in the real estate tech space, with Mr. Phadke's expertise expected to be instrumental in achieving its financial and operational objectives [3].

DUBLIN, Ohio, Dec. 20, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. ("reAlpha" or the "Company") (NASDAQ:AIRE), a real estate technology company developing and commercializing artificial intelligence ("AI") technologies, today launched the enterprise version of its commission-free AI homebuying platform. reAlpha Enterprise will specifically cater to corporate relocation programs. This strategic initiative targets the $25 billion employee relocation market by offering cost savings for both employers and emplo ...

DUBLIN, Ohio, Dec. 19, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced that its board of directors has approved an investment policy for the purchase of cryptocurrencies and to adopt Bitcoin, Ethereum and Solana (collectively, the “cryptocurrencies”) as reAlpha’s primary treasury reserve assets. The Company plans to allocate up to 25% of its ca ...

DUBLIN, Ohio, Nov. 21, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces the acquisition of USRealty Brokerage Solutions, LLC (“US Realty”) and an investment into Unreal Estate Inc. (“Unreal”). In connection with the acquisition and investment, US Realty entered into a services agreement with a broker from Unreal Estate LLC to provide broker serv ...

Revenue Performance - Revenue for Q3 2024 was approximately $339,000, representing a 440% increase from Q2 2024 and a 475% increase year-over-year[1][2] - Revenue exceeded the high end of the guidance by 274%[2] - Revenues for the three months ended September 30, 2024, were $339,227, compared to $59,022 for the same period in 2023, representing a growth of 474%[18] - For Q4 2024, revenue is expected to grow by 130% to 190% from Q3 2024[3] Financial Position - Cash and cash equivalents were approximately $7.07 million as of September 30, 2024[2] - Total assets as of September 30, 2024, were approximately $34.19 million, up from $27.42 million as of December 31, 2023[17] - Cash at the end of the period on September 30, 2024, was $7,076,877, compared to $669,880 at the end of the same period in 2023[21] - Proceeds from the issuance of debt for the nine months ended September 30, 2024, amounted to $5,000,000[21] Loss and Expenses - Net loss for Q3 2024 was approximately $(2.10) million, with adjusted EBITDA at approximately $(1.36) million, a decrease of 19% from Q2 2024 and an 86% decrease year-over-year[2] - Operating loss for the three months ended September 30, 2024, was $(1,689,620), compared to $(728,839) for the same period in 2023, reflecting a deterioration of 132%[18] - Net loss for the nine months ended September 30, 2024, was $(4,995,931), compared to a net income of $3,011,936 for the same period in 2023[21] - Total cash used in operating activities for the nine months ended September 30, 2024, was $(3,806,090), compared to $(2,825,315) for the same period in 2023[21] - The company reported a significant increase in marketing and advertising expenses, totaling $451,103 for the nine months ended September 30, 2024, compared to $177,645 for the same period in 2023[18] Adjusted EBITDA and Net Income - Adjusted EBITDA is used by the company to evaluate ongoing operations, although it is a non-GAAP financial measure[23] - Adjusted EBITDA for the three months ended September 2024 was $(1,253,907), an increase in loss from $(731,700) in the prior year[25] - Net income per share, diluted, for the nine months ended September 2024 was $(0.09), compared to $(0.06) in the same period of 2023[25] - The company reported a net income used to compute net income per share, diluted, of $(1,447,420) for the three months ended September 2024[26] Acquisitions and Investments - The acquisition of Be My Neighbor, a mortgage brokerage, was completed, expanding reAlpha's real estate services[5] - The acquisition of AiChat expanded reAlpha's global presence to 10 countries and enhanced user experience on the platform[8] - reAlpha AI Labs was established to invest in AI startups, with the first investment made in Xmore AI[7] - The company issued shares to settle notes payable in the myAlphie sale, totaling 150,000 shares[22] Other Financial Metrics - Share-based compensation for the three months ended September 2024 amounted to $113,037, compared to $356 in the same period of 2023[26] - Acquisition-related expenses for the three months ended September 2024 totaled $178,678, compared to $103,519 in the same period of 2023[26] - GEM commitment fee incurred was $125,000 for the three months ended September 2024[26] - Gain on previously held equity for the three months ended September 2024 was $108,382, compared to a loss of $(20,663) in the same period of 2023[26] - Depreciation and amortization for the three months ended September 2024 was $163,439, compared to $14,628 in the same period of 2023[25] Operational Performance - The company aims to provide a clearer view of ongoing operational performance by excluding certain non-cash expenses and non-operational items from GAAP financial measures[27][28]

DUBLIN, Ohio, Nov. 12, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company,” “reAlpha,”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights: Revenue was approximately $339,000 for the three months ended September 30, 2024, an increase of approximately 440% from the quarter ended June 30, 2024, and a 475% increase y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock AIRE The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to __________ ...

Core Points - reAlpha Tech Corp. will present at the LD Micro 17th Annual Main Event on October 30, 2024, showcasing its advancements and growth strategy following five successful acquisitions [1][2] - The LD Micro Main Event will take place from October 28 to 30, featuring around 150 companies presenting and engaging in private meetings with investors [3] Company Overview - reAlpha Tech Corp. (NASDAQ: AIRE) is focused on developing an AI-driven, commission-free homebuying platform aimed at providing a more affordable and streamlined experience for homebuyers [4] - The company utilizes an acquisition-led growth strategy to enhance its offerings in the real estate technology sector [4] Event Details - The LD Micro Main Event will include registration starting at 3:00 PM PT on October 28, followed by keynotes and presentations running from 8:00 AM PT to 5:00 PM PT on the 29th and 30th [3] - The event is positioned as a significant opportunity for networking and establishing connections within the micro-cap investment community [2][3]

DUBLIN, Ohio, Oct. 17, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces the operational expansion of its subsidiary, Be My Neighbor (“BMN”). BMN, a veteran-operated mortgage brokerage company, has obtained its broker license in the State of New Mexico. “Securing this license in New Mexico is a pivotal step in our expansion strategy,” said Nathan ...

Strategic acquisition strengthens reAlpha’s vertically integrated real estate technology platform. DUBLIN, Ohio, Sept. 09, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the acquisition of Be My Neighbor, a mortgage brokerage company founded by veterans licensed to operate in 26 U.S. states. This strategic acquisition adds mortgage lending and refinancing serv ...