Celebration, FL, April 14, 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 that it had received written notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company is eligible for a 180- day extension to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Li ...

Core Insights - La Rosa Holdings Corp. has launched LR Agent Advance LLC, a commission advancement program aimed at providing financial flexibility to its agents while enhancing the company's revenue model [1][2][3] Group 1: Company Overview - La Rosa Holdings Corp. is a real estate and PropTech company that offers flexible compensation options for agents, including a revenue-sharing model and a fee-based structure with 100% commission [4] - The company operates 26 corporate-owned brokerage offices across several states in the U.S. and has recently begun expanding into Europe, starting with Spain [6] Group 2: New Initiative - LR Agent Advance allows La Rosa agents to receive an advance on their pending real estate commissions, providing immediate access to funds for business expenses or personal needs [2] - In exchange for the advance, LR Agent Advance will retain 15% of the total commission from participating agents, creating a recurring revenue stream for La Rosa [2] Group 3: Strategic Goals - The CEO of La Rosa Holdings Corp. stated that the launch of LR Agent Advance is a significant development for both agents and the company, aiming to alleviate financial pressures faced by agents [3] - The initiative aligns with the company's ambitious financial goals, including a target to reach $100 million in revenue and achieve cash flow positivity by the end of 2025 [3]

Core Viewpoint - La Rosa Holdings Corp. is initiating its European expansion by entering the Spanish market, marking the first phase of a broader strategy to introduce its innovative real estate model internationally [1][4]. Group 1: Expansion Strategy - The company aims to establish a strong presence in Spain and plans to expand into other high-growth real estate markets across Europe [2]. - La Rosa will introduce franchise opportunities, brokerage offices, and technology-driven services to scale its operations internationally [2][4]. Group 2: Leadership and Expertise - Joaquín Nuevo Alarcón has been appointed as Area Developer for Spain, effective March 1, 2025, bringing decades of experience in the Spanish real estate market [3]. - Alarcón previously led a 500-agent team at eXp Realty in Spain, making him well-suited to implement La Rosa's agent-first business model [3]. Group 3: Business Model - La Rosa's scalable, agent-first brokerage model maximizes agent earnings through various structures, including a revenue share program and a 100% commission structure with a low annual fee [5][6]. - The company leverages its proprietary technology platform to empower agents and franchisees, enhancing overall profitability and service delivery [5][6]. Group 4: Market Potential - The Spanish real estate market is evolving, with increasing demand for innovative brokerage models that provide agents with greater financial control and career growth [4]. - The company believes that entering Spain will unlock new revenue streams and strengthen its brand presence in high-growth markets [4].

Core Viewpoint - La Rosa Holdings Corp. announced a private placement to raise $4.96 million, aimed at reducing debt, funding acquisitions, and supporting general corporate purposes [1][2]. Group 1: Financial Strategy - The proceeds from the private placement will be utilized to pay down debt, fund future acquisitions, and for other general corporate purposes [2]. - CEO Joe La Rosa emphasized that this investment will enhance financial stability and support strategic acquisitions, thereby positioning the company for long-term growth [3]. Group 2: Business Model and Operations - La Rosa Holdings operates a technology-integrated, agent-centric model in the real estate sector, offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions [4]. - The company provides a range of services including residential and commercial real estate brokerage, franchising, education, coaching, and property management, with a presence in multiple states and Puerto Rico [5]. Group 3: Growth and Expansion Plans - The company aims to achieve profitability through the acquisition of additional real estate brokerage firms, expanding its agent network, and entering new markets as part of its growth strategy for 2025 [3].

Core Viewpoint - La Rosa Holdings Corp. has appointed Jose Miguel "JM" Padron to lead the national expansion of its commercial real estate division, aiming to enhance growth and training for agents in the commercial sector [1][3]. Company Overview - La Rosa Holdings Corp. operates as a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments [1]. - The company offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform [4]. - La Rosa provides both residential and commercial real estate brokerage services, along with technology-based products and services for its agents and franchisees [4]. Leadership Appointment - JM Padron brings over 30 years of experience in commercial real estate brokerage, investment strategies, and financial feasibility analysis [2]. - His previous roles include leadership positions at RE/MAX Commercial Mexico and JM Partners Holding Corporation, where he focused on market growth and expansion [2]. - Padron is expected to play a crucial role in expanding La Rosa's commercial real estate team and training residential agents in commercial real estate [3]. Business Model and Operations - La Rosa's business model includes internal services for agents and external services for the public, covering residential and commercial real estate brokerage, franchising, education, coaching, and property management [5]. - The company operates 26 corporate real estate brokerage offices and branches across several states, including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico [5].

Celebration, FL, Jan. 28, 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 that it has fully redeemed and extinguished all of its outstanding warrants (the “Warrants”) previously issued to an institutional accredited investor (the “Holder”). These Warrants, which were exercisable for 2,446,634 shares of common stock of the Company, have ...

Revenue and Financial Reporting - Preliminary unaudited revenue for the 2024 fiscal year is estimated at $65 million, representing a 104% year-over-year increase compared to 2023[4] - The company expects to release full financial results for the 2024 fiscal year along with the filing of its Annual Report on Form 10-K[4] Regulatory and Disclosure Information - The press release announcing the preliminary revenue figures is included as Exhibit 99.1 to the Current Report on Form 8-K[5] - The press release and related disclosures are not deemed "filed" under Section 18 of the Securities Exchange Act of 1934[6] Company Classification - The company is classified as an emerging growth company[3]

Core Insights - La Rosa Holdings Corp. has acquired a 100% interest in its franchisee, La Rosa Realty Beaches LLC, enhancing its presence in the real estate market [1][2][3] - Realty Beaches reported trailing twelve-month revenues of approximately $2.7 million and positive net income as of November 30, 2024, indicating a solid financial performance [2] - The acquisition is expected to drive revenue growth and improve margins through operational efficiencies and economies of scale [3] Company Overview - La Rosa Holdings Corp. operates a technology-integrated, agent-centric business model, offering agents a choice between a revenue-sharing model or a 100% commission, flat-fee structure [4][5] - The company has a diverse service offering that includes residential and commercial real estate brokerage, franchising, education and coaching, and property management [5] - La Rosa Realty has 26 corporate offices and branches across several states, including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico, along with franchised and affiliated offices [5]

Core Insights - La Rosa Holdings Corp. is introducing Bitcoin and other cryptocurrencies as payment options for its network of agents, marking a significant step in the integration of blockchain technology into real estate transactions [1][6][7] - The initiative aims to provide agents with greater flexibility and aligns with the growing demand for alternative payment methods in the real estate market [6][7] Company Overview - La Rosa Holdings operates a multi-service real estate model that includes residential and commercial brokerage, franchising, title services, education, coaching, and property management [3] - The company has 25 corporate real estate brokerage offices and branches across several states, including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico, along with additional franchised and affiliated offices [3] Technological Innovation - The introduction of cryptocurrency payments is seen as a natural evolution in the company's commitment to innovation and broker empowerment, with the potential to streamline transactions and enhance agent-client engagement [2][7] - La Rosa is positioning itself as a pioneer in the U.S. real estate sector by offering commission payouts in cryptocurrency, which is expected to modernize industry practices [2][7] Financial Implications - The company plans to implement a 2% fee for agents opting to receive payments in cryptocurrency, which could create a new revenue stream for La Rosa [7] - Cryptocurrency payments are anticipated to offer faster, more secure transactions with lower fees, potentially leading to income growth through the appreciation of digital assets [7]

Core Viewpoint - La Rosa Holdings Corp. experienced a significant decline in stock price despite reporting substantial revenue growth, indicating challenges in achieving profitability amidst rising costs and operational losses [1][12]. Revenue & Earnings Overview - The company reported a net loss of $0.21 per share for Q3 2024, compared to a net loss of $0.06 in the same quarter last year [2]. - Revenue surged by 188% to $19.6 million in Q3 2024 from $6.8 million in the prior year, with total revenues for the nine months ending September 30, 2024, reaching $51.7 million, a 155% increase from $20.3 million [3]. Business Metrics - Residential real estate services contributed $16.5 million to Q3 revenues, a 328% increase from $3.8 million in Q3 2023 [4]. - Property management revenues grew by 14% year-over-year to $2.9 million, while commercial real estate services doubled to $64,310 [4]. Cost Structure - Operating expenses rose significantly due to increased sales and marketing costs, stock-based compensation, and general administrative expenses, with selling, general, and administrative expenses (excluding stock-based compensation) increasing to $3 million in Q3 2024 from $988,000 in Q3 2023 [5]. Cash & Debt - As of September 30, 2024, total cash was $4 million, a 62% increase from $2.4 million at the end of 2023, while total debt rose to $2.7 million from $0.62 million, primarily due to senior secured promissory notes for acquisitions and operations [6]. Factors Influencing Performance - Revenue growth was driven by organic agent recruitment and acquisitions, but significant investments in growth led to higher operating expenses, contributing to net losses [7]. - The dynamics of the real estate sector and competitive landscape posed challenges, influencing operational strategies and financial outcomes [7]. Management Guidance & Initiatives - Management aims for a $100 million annualized revenue run rate by the end of 2024, focusing on acquiring franchisees and expanding the agent base, having added over 400 agents since June 2024 [8]. - A Letter of Intent for a brokerage with over 950 agents and $19 million in 2023 revenues aligns with the company's growth vision [8]. Technology & Productivity - La Rosa's proprietary technology platform, My Agent Account, is central to enhancing agent productivity and customer satisfaction, with plans to scale operations and introduce tech-driven solutions [9]. Other Developments - The company completed the acquisition of Nona Title Agency LLC, expected to enhance service offerings and generate high-margin revenues [11]. - Debt restructuring was undertaken, deferring principal and interest payments until February 2025, improving financial flexibility [11].