BOCA RATON, FL, April 10, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (NASDAQ:JNVR) ("Janover" or the "Company") announced today the purchase of approximately $4.6 million Solana (SOL) — the first execution under its newly adopted digital asset treasury strategy. The Company will begin staking its SOL position immediately, generating revenue while supporting the Solana network. This marks the first allocation of capital from the Company's recently completed $42 million financing round and reflects management's co ...

Core Insights - Janover Inc. will host a live X Spaces conversation on April 10, 2025, focusing on its new executive team, crypto treasury models, and implications for the crypto market [1] - The company has adopted a treasury policy allocating its principal holding to Solana (SOL), aiming to provide investors with exposure to the Solana ecosystem [3] Company Overview - Janover Inc. operates as an AI-powered online platform connecting the commercial real estate industry, offering data, software subscriptions, and value-added services [4] - The company serves over one million web users annually, including property owners, developers, and various lenders, facilitating billions of dollars in debt financing [5] Leadership Team - The senior leadership team includes Joseph Onorati (Chairman and CEO), Parker White (COO and CIO), and Marco Santori (Board Member and former Chief Legal Officer of Kraken) [7]

Core Viewpoint - An all-former-Kraken team has acquired majority ownership in Janover Inc., aiming to bridge the liquidity gap between Traditional Finance and Decentralized Finance, with a focus on implementing a digital asset treasury strategy centered on Solana [1][6]. Company Overview - Janover Inc. (NASDAQ:JNVR) is an AI-powered online platform that connects the commercial real estate industry, providing data and software subscriptions as well as value-add services to property professionals [9]. - The company serves over one million web users annually, including property owners, developers, and various lenders, facilitating billions of dollars in debt financing each year [10][11]. Leadership Changes - Joseph Onorati has been appointed as Chairman and CEO, while Parker White takes on the roles of Chief Investment Officer and Chief Operating Officer. Blake Janover and William Caragol will remain on the board, with Marco Santori joining as a new board member [2]. Treasury Policy and Digital Assets - The Board has adopted a treasury policy allocating its principal holding to digital assets, starting with Solana (SOL). The company plans to acquire Solana validators and stake SOL to generate revenue for further acquisitions [3][12]. - Staking on Solana is identified as a multi-billion dollar business, with validators playing a crucial role in transaction validation and network consensus [4]. Business Model Transition - Janover will continue its transition to a Software as a Service (SaaS) business model, with key personnel remaining involved in daily operations to maintain service quality [5]. Future Growth and Strategy - The company aims to provide investors with economic exposure to the Solana ecosystem through its new treasury policy, marking a significant step in mass DeFi adoption [6][12]. - The leadership team brings extensive experience in digital assets, trading, and operations, positioning the company for future growth [7]. Name and Ticker Change - As part of the acquisition, Janover will undergo a name and ticker symbol change, transitioning to DeFi Development Corporation at a future date [8].

BOCA RATON, FL, April 07, 2025 (GLOBE NEWSWIRE) -- Janover, Inc. (NASDAQ:JNVR) (the "Company") announced today that it had raised approximately $42 million in an offering of convertible notes and warrants from Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners, and 11 angel investors. The notes were sold in a private offering under Section 4(a)(2) under the Securities Act of 1933, as amended (the "Securities Act") and Regulation D prom ...

Revenue Growth - Revenues for the year ended December 31, 2024, were $2,099,660, representing a 5% increase from $2,003,155 in 2023[257] - Revenue for the year ended December 31, 2024 was approximately $2.1 million, an increase of approximately $97,000, or 5% from the previous year[258] - Subscription revenue for the year ended December 31, 2024 was approximately $480,000, compared to approximately $32,000 for the same period in the prior year, representing a significant increase[258] - The company experienced a significant increase in other income, which rose by 790% to $276,700 in 2024 from $31,098 in 2023[257] Annual Recurring Revenue (ARR) - Annual recurring revenue run-rate reached approximately $812,000 as of December 31, 2024, up 194% from approximately $276,000 in the prior year[246] - The Company reported an annual recurring revenue (ARR) run-rate of approximately $812,000 as of December 31, 2024, representing a 194% increase from approximately $276,000 in the prior year[280] Operating Expenses - Operating expenses decreased by 6% to $5,103,144 in 2024 from $5,408,047 in 2023[257] - Total sales and marketing expenses decreased by approximately $479,000, or 24%, to approximately $1.5 million for the year ended December 31, 2024[262] - Research and development expenses for the year ended December 31, 2024 were approximately $655,000, a decrease of approximately $137,000, or 17% from the previous year[263] - General and administrative expenses remained approximately $2.6 million for both years ended December 31, 2024 and 2023[264] Net Loss - Net loss for the year ended December 31, 2024, was $2,726,784, a 19% improvement from a net loss of $3,373,794 in 2023[257] - Net loss for the year ended December 31, 2024 was approximately $2.7 million, a decrease of approximately $647,000, or 19% from the previous year[268] Cash Flow - Cash used in operating activities was approximately $2.4 million for the year ended December 31, 2024, compared to approximately $1.6 million for the same period in the prior year[273] - Cash used in financing activities was approximately $118,000 for the year ended December 31, 2024, a significant decrease from approximately $5.8 million in the previous year[275] New Offerings and Strategic Focus - Janover Pro, launched in 2024, is the flagship offering providing an online SaaS marketplace for multifamily and commercial real estate loans[244] - Janover Connect, acquired in 2023, is a SaaS platform that helps real estate owners raise capital and manage investors[245] - The company plans to transition from transactional platform fee revenue to more predictable and profitable recurring subscription revenue[246] - The Company focuses on transitioning from transactional platform fee revenue to more predictable and profitable recurring SaaS subscription revenue in fiscal 2025[280] - Janover Insurance, launched in 2024, derives revenue from annual insurance premium commissions recognized at the start of the annual term[284] - Janover Engage, also launched in 2024, is a SaaS platform connecting real estate owners with accredited investors, generating revenue from subscription fees[284] - Janover AI, launched in 2024, is a generative AI platform aimed at optimizing the real estate lifecycle, with revenue recognized over the term of the SaaS agreement[284] Deferred Revenue and Impairment - Deferred revenue as of December 31, 2024, was approximately $341,000, compared to $83,000 in the prior year, indicating growth in SaaS fees received in advance[280] - The Company recognized an impairment of approximately $83,000 for the Groundbreaker brand during Q4 of fiscal 2024, leading to a rebranding to Janover Connect[282] Other Financial Information - Cost of revenue for the year ended December 31, 2024 was approximately $32,000, representing about 2% of total revenue[259] - The Company does not have any off-balance sheet arrangements as defined under SEC rules during the periods presented[285] - The Company evaluates goodwill and indefinite-lived intangibles annually for impairment, with no impairment noted as of December 31, 2023[282]

Revenue Growth - SaaS subscription revenue increased by 488% year-over-year in Q4 2024, contributing to 14x growth for the entire year[3] - Total revenue for Q4 2024 was approximately $629,000, an increase of 80% compared to approximately $350,000 in Q4 2023[4] - Annual recurring revenue (ARR) reached approximately $812,000, a 194% increase from approximately $276,000 in the prior year[4] - Approximately 23% of total revenue in 2024 was recurring revenue, compared to less than 1% in 2023[4] - Platform fees for Q4 2024 were approximately $444,000, a 39% increase from approximately $319,000 in Q4 2023[7] - Subscription revenue for Q4 2024 was approximately $185,000, up 488% from approximately $32,000 in Q4 2023[7] Financial Performance - Net loss for Q4 2024 was approximately $486,000, a decrease of 59% from approximately $1.2 million in Q4 2023[6] - Cash flow from operations improved by 73% year-over-year in Q4 2024[5] Business Strategy - The company plans to continue focusing on transitioning from transactional debt revenue to recurring SaaS subscription revenue in fiscal 2025[4] User Base - The company serves over one million web users annually, including multifamily and commercial property professionals[9]

Core Insights - Janover Inc. reported a significant transformation in its business model, with a 488% year-over-year increase in SaaS subscription revenue for Q4 2024, indicating a strategic pivot to a subscription-first approach [2][6] - The company achieved an annual recurring revenue (ARR) of approximately $812,000, reflecting a 194% increase compared to the previous year [3][6] Financial Performance - For Q4 2024, total revenue was approximately $629,000, an 80% increase from approximately $350,000 in Q4 2023, driven by subscription revenue and platform fees [3][5] - Subscription revenue for the year ended December 31, 2024, was approximately $480,000, compared to approximately $32,000 for the same period in 2023, marking a substantial growth [3][4] - The net loss for Q4 2024 was approximately $486,000, a 59% improvement from a net loss of approximately $1.2 million in Q4 2023 [4][6] Operational Highlights - The company experienced a 73% improvement in cash flow from operations year-over-year for Q4 2024 [6] - Janover's recurring revenue accounted for approximately 23% of total revenue in 2024, a significant increase from less than 1% in 2023 [3][4] Market Position - Janover serves over one million web users annually, including multifamily and commercial property professionals, and connects them with various financing options [9]

Janover's customers are delighted as it accelerates customers in its fastest-growing SaaS product to sift through millions of data points to find the data, fast, using AI.BOCA RATON, FL, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) ("Janover" or the "Company"), an AI-enabled platform connecting the multifamily and commercial real estate industry, today announced the launch of advanced artificial intelligence search capabilities within Janover Pro, its leading multifamily and commercial prop ...

Core Viewpoint - Janover Inc. is experiencing significant growth in its AI-enabled SaaS platform for the commercial real estate industry, with a focus on subscription revenue and long-term value creation for clients and shareholders [1]. Company Overview - Janover Inc. connects the commercial real estate industry through an AI-enabled platform, serving over one million annual web users and more than 1,000 lenders, including over 10% of U.S. banks [3]. - The company offers services in debt capital markets, real estate syndication software, data and AI licensing, and insurance brokerage solutions [3]. Financial Performance - The company reported a more than 190% year-over-year growth in Annual Recurring Revenue (ARR) from subscription revenue and approximately 65% sequential growth in the fourth quarter of 2024 [1]. Product Offerings - Janover's SaaS products include: - **Janover Pro**: A marketplace connecting commercial mortgage and capital markets professionals with lenders [5]. - **Janover Engage**: A platform for real estate General Partners to connect with accredited investors [5]. - **Janover Connect**: A customer-centric platform for managing investor relations and syndication operations [5]. Customer Impact - Customers have reported positive impacts from Janover's SaaS products, such as increased connections to accredited investors and streamlined syndication operations [2][5].

Core Points - Janover Inc. has regained compliance with Nasdaq's minimum closing bid price requirement, as it maintained a closing bid price of $1.00 per share for at least 10 consecutive trading days, meeting the requirement on January 13, 2025 [1] - The company was previously notified on July 16, 2024, that it was not in compliance due to its stock price falling below the required minimum for 30 consecutive business days [1] Company Overview - Janover Inc. is an AI-enabled platform that connects the commercial real estate industry, serving over one million annual web users and more than 1,000 lenders, including over 10% of U.S. banks [2] - The company provides various services such as debt capital markets, real estate syndication software, data and AI licensing, and insurance brokerage solutions to multifamily and commercial real estate professionals [2] - Janover operates through its Debt, Equity, and Insurance divisions, focusing on technology-first solutions for commercial real estate [2]