Core Insights - reAlpha Tech Corp has launched an enterprise version of its commission-free AI homebuying platform, targeting the $25 billion employee relocation market [1][4] - The platform aims to eliminate buy-side real estate commission expenses, allowing employees to save up to 3% on home purchases [1][4] - reAlpha Enterprise integrates essential services such as title, mortgage, and closing support, providing a comprehensive relocation ecosystem [2][3] Company Overview - reAlpha Tech Corp is a real estate technology company focused on developing AI technologies for homebuying, with a goal to streamline the process and reduce costs for consumers [8][9] - The company is positioned to benefit from recent shifts in the real estate sector, particularly the anticipated end of the standard six percent sales commission, which represents approximately $100 billion in realtor fees annually [4] Platform Features - The reAlpha platform offers a conversational interface powered by AI, named Claire, which assists homebuyers throughout the entire homebuying journey [10] - Claire utilizes over 400 data attributes to match buyers with properties and provides insights into market trends and property values [10] - The platform is currently available in 20 counties in Florida, with plans for expansion into more U.S. states as reAlpha seeks additional MLS and brokerage licenses [5]

Core Viewpoint - reAlpha Tech Corp. has approved a new investment policy to allocate up to 25% of its excess cash towards purchasing cryptocurrencies, specifically Bitcoin, Ethereum, and Solana, as part of its treasury reserve strategy [1][2][3] Group 1: Investment Strategy - The decision to adopt cryptocurrencies as primary treasury reserve assets aims to diversify reAlpha's treasury holdings, which currently consist solely of cash [2] - The allocation of funds towards cryptocurrencies will be contingent on market conditions and the company's operational needs, reflecting a commitment to innovative capital management [1][3] - The company plans to monitor its cryptocurrency holdings closely and adjust its allocation strategy in response to market conditions or regulatory changes [3] Group 2: Company Overview - reAlpha Tech Corp. is a real estate technology company focused on developing an AI-powered, commission-free homebuying platform [5][6] - The platform aims to provide a more affordable and streamlined experience for homebuyers, eliminating traditional barriers and fees associated with real estate transactions [7][9] - Currently, the reAlpha platform is available in 20 counties in Florida, with plans for expansion into more U.S. states [10]

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 ...

Recent NAR rule changes make buying a home using a traditional buyer’s agent more expensive. reAlpha brings their end-to-end commission-free homebuying platform to mobile devices, aiming to provide an easy and affordable way to buy a home completely by phone. DUBLIN, Ohio, Aug. 20, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, announces today the launch of reAlpha (previousl ...