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]

Core Insights - Janover Inc. has launched advanced AI search capabilities within its Janover Pro platform, enhancing the efficiency of identifying suitable lenders in the multifamily and commercial real estate sectors [1][2] - The new AI functionality allows users to describe loan scenarios in natural language, enabling the AI to process millions of data points in seconds, significantly streamlining the capital markets process [2] - The platform serves a wide range of users, including property owners, developers, and lenders, facilitating billions of dollars in debt financing annually [5] Company Overview - Janover Inc. operates as an AI-powered online platform that connects the multifamily and commercial real estate industry, providing data, software subscriptions, and value-added services [4] - The company caters to hundreds of thousands of web users each year, including over 10% of banks in America and various types of lenders such as credit unions and REITs [5] User Experience - A user of Janover Pro reported successfully closing a loan in just one month, highlighting the platform's effectiveness in identifying potential lenders and expediting the financing process [3]

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]

Company Overview - Janover 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 [1] - The company provides services in debt capital markets, real estate syndication software, data and AI licensing, and insurance brokerage solutions to multifamily and commercial real estate professionals [1] Payment Innovations - Janover plans to accept select cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as payment for certain services, reflecting its commitment to innovation and adaptation to market trends [5] - This move aligns with the growing acceptance of digital assets in both domestic policy and broader financial markets [5] Strategic Vision - The CEO of Janover emphasized the importance of participating in the digital currency market in a responsible manner, citing successful examples like MicroStrategy's capitalizing on Bitcoin's appreciation [7] - The company aims to enhance transaction flexibility for clients while maintaining a focus on responsible risk management [3]

Core Viewpoint - Janover Inc. will implement a 1-for-8 reverse stock split to increase its share price and comply with Nasdaq's minimum bid price requirement of $1.00 [1][5]. 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 [10]. Reverse Stock Split Details - The reverse stock split will take effect on December 30, 2024, at 12:01 a.m. Eastern Time, with trading on a post-split basis commencing the same day [5]. - Each eight shares of common stock will convert into one share, reducing the total number of shares outstanding from approximately 11,313,644 to about 1,414,206 [9]. - No fractional shares will be issued; stockholders entitled to a fractional share will have their shares rounded up [9]. Compliance and Regulatory Information - The reverse stock split is part of the company's strategy to regain compliance with Nasdaq's listing requirements [1]. - Stockholders will receive information regarding their share ownership from Colonial Stock Transfer Company, the company's transfer agent [6].

Core Insights - Janover Inc. has launched an advanced AI voice tool aimed at enhancing client engagement in the commercial real estate industry, facilitating seamless and natural conversations while performing complex CRM operations [1][2][3] Product Features - The AI voice tool offers authentic human-like conversations and deep expertise in commercial property finance, optimized for sales conversions [2] - It integrates SMS, email, and voice for seamless cross-channel communication and is designed to work within HubSpot [2] - The tool is scalable and licensable, adding to Janover's suite of AI, data, software, and advisory products [2] Company Overview - Janover Inc. is an AI-enabled platform connecting 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 [5] - The company provides various services, including debt capital markets, real estate syndication software, data and AI licensing, and insurance brokerage solutions [5]

Revenue Performance - Revenue for the three months ended September 30, 2024, was approximately $619,000, an increase of 6% compared to $584,000 for the same period in 2023[110]. - Total revenue for the nine months ended September 30, 2024 was approximately $1.5 million, a decrease of $182,000 or 11% from approximately $1.7 million in the same period of 2023[120]. - Approximately 20% of total revenue for the nine months ended September 30, 2024 was recurring revenue, with subscription revenue reaching approximately $295,000[120]. Average Revenue per Transaction - The average revenue per transaction increased by 26% to approximately $12,000 in Q3 2024, up from approximately $10,000 in Q3 2023, due to a change in average loan size[110]. - The average revenue per transaction increased by 9% to approximately $12,000 in the nine months ended September 30, 2024, compared to approximately $11,000 in the same period of 2023[120]. Recurring Revenue - Approximately 22% of total revenue for Q3 2024 was recurring revenue, compared to 20% for Q2 2024, with subscription revenue reaching approximately $134,000[110]. - The annual recurring revenue (ARR) run-rate reached approximately $480,000 for Q3 2024, a sequential increase of 58% from approximately $303,000 in Q2 2024[110]. - Annual recurring revenue (ARR) run-rate reached approximately $480,000 as of September 30, 2024, compared to no ARR in the prior year[120]. Operating Expenses - Total operating expenses decreased by 52% to $1,065,127 in Q3 2024, down from $2,222,431 in Q3 2023[108]. - Total operating expenses for the nine months ended September 30, 2024 were approximately $3.77 million, a decrease of $41,472 or 1% from $3.81 million in the same period of 2023[119]. - Sales and marketing expenses for Q3 2024 were approximately $299,000, a decrease of $465,000 or 61% compared to $764,000 in Q3 2023[113]. - Sales and marketing expenses decreased by approximately $245,000, or 18%, to $1.1 million for the nine months ended September 30, 2024, compared to $1.4 million for the same period in 2023[124]. - Research and development expenses for Q3 2024 were approximately $151,000, down $96,000 or 39% from $247,000 in Q3 2023[114]. - Research and development expenses increased by approximately $36,000, or 8%, to $479,000 for the nine months ended September 30, 2024, compared to $443,000 for the same period in 2023[126]. - General and administrative expenses for Q3 2024 were approximately $564,000, a decrease of $647,000 or 53% compared to $1.2 million in Q3 2023[115]. - General and administrative expenses remained stable at approximately $2.0 million for both the nine months ended September 30, 2024, and 2023[127]. Net Loss - Net loss for Q3 2024 was $471,255, a significant improvement of 70% compared to a net loss of $1,578,528 in Q3 2023[108]. - Net loss for the nine months ended September 30, 2024 was approximately $2.24 million, compared to a net loss of approximately $2.20 million in the same period of 2023[119]. - Adjusted EBITDA for the nine months ended September 30, 2024, was approximately $(353,383), compared to $(407,106) for the same period in 2023[140]. Cash Flow - Cash used in operating activities was approximately $2.2 million for the nine months ended September 30, 2024, compared to approximately $908,000 for the same period in 2023, reflecting an increase of $1.3 million[134]. - Cash used in investing activities was approximately $16,000 for the nine months ended September 30, 2024, compared to approximately $9,000 for the same period in 2023[135]. - Cash used in financing activities was approximately $53,000 for the nine months ended September 30, 2024, a decrease from approximately $5.8 million for the same period in 2023[136]. Transactions and Market Activity - The company closed 36 transactions on its marketplace in Q3 2024, compared to 60 transactions in Q3 2023[110]. Future Plans - The company plans to focus on expanding its sales channels and enhancing its product offerings in fiscal 2024[97]. - The acquisition of Groundbreaker and the launch of new subsidiaries are expected to increase recurring revenue streams moving forward[96]. Other Financial Information - Cost of revenue for Q3 2024 was approximately $8,000, representing about 1% of total revenue[111]. - Cost of revenue for the nine months ended September 30, 2024 was approximately $24,000, representing about 2% of total revenue[122]. - The Company derives revenue from SaaS subscription fees recognized over the term of customer contracts[146]. - As of September 30, 2024, there was approximately $201,000 in deferred revenue related to SaaS fees received in advance, to be recognized in 2024 and 2025[147]. - The Company evaluates goodwill and indefinite-lived intangibles annually for impairment, with no impairment necessary as of September 30, 2024, and December 31, 2023[149]. - Stock-based compensation is recorded based on the fair value of equity instruments issued, recognized over the employee's required service period[150]. - The Company did not have any off-balance sheet arrangements during the periods presented[151].