Core Insights - La Rosa Holdings Corp. is advancing its international expansion strategy, particularly in Spain, following participation in key real estate events [1][4] - The company has established a subsidiary in Madrid to develop the La Rosa Realty España brand and is in the process of obtaining local licenses [2] - La Rosa has signed a Letter of Intent with a Spanish real estate professional to convert her offices into La Rosa-branded locations [2] Company Developments - The average home prices in Spain have increased by approximately 11% year-over-year as of Q1 2025, with regions like Valencia and the Canary Islands experiencing double-digit growth [3] - The CEO of La Rosa emphasized the opportunities arising from their presence at leading real estate events in Spain and the importance of establishing a strong foundation for their brand in the country [4] - La Rosa's business model includes flexible compensation options for agents, a revenue-sharing model, and a focus on technology and community culture [6][8] Market Context - La Rosa Holdings operates 26 corporate-owned brokerage offices across various states in the U.S. and has recently begun its expansion into Europe, starting with Spain [8] - The company offers a range of services including residential and commercial real estate brokerage, franchising, education, coaching, and property management [7]

Revenue Growth - La Rosa Holdings Corp. reported a 119% year-over-year increase in total revenue to $69.4 million for the fiscal year 2024, surpassing initial revenue guidance by approximately $4.4 million[1][6]. - Revenue for the fourth quarter of 2024 increased 55% year-over-year to $17.7 million[1][4]. - Residential real estate services revenue rose by $36.6 million to $57.0 million, representing a 179% increase for the year ended December 31, 2024[1][9]. - Revenue for 2024 reached $69,448,786, a significant increase of 119% compared to $31,759,404 in 2023[20]. Profitability and Loss - Gross profit for the year 2024 increased 110% year-over-year to $6.0 million, driven by strategic acquisitions and growth in the agent network, which now exceeds 2,500 agents[1][4]. - The net loss for 2024 was $15.9 million, or $(0.79) per share, compared to a net loss of $9.3 million, or $(1.27) per share, in 2023[1][9]. - Net loss attributable to common stockholders was $(15,923,607) for 2024, compared to $(9,290,951) in 2023, indicating a 71% increase in losses[20]. - Loss per share of common stock attributable to common stockholders was $(0.79), an improvement from $(1.27) in the prior year[20]. - Operating loss for 2024 was $(11,197,142), compared to $(7,092,363) in 2023, indicating a worsening operational performance[20]. Expenses and Costs - Selling, general and administrative costs for 2024 were approximately $11.6 million, compared to $4.8 million in 2023[1][9]. - Total operating expenses rose to $17,150,421, compared to $9,933,531 in the previous year, marking a 73% increase[20]. - Interest expense increased to $(403,397) from $(140,382), highlighting rising financing costs[20]. - The company recorded a loss on extinguishment of debt amounting to $(777,558), which was not present in the previous year[20]. Strategic Initiatives - The company is on track to close an acquisition of a real estate brokerage firm that generated $19 million in revenue in 2023, expected to add approximately 945 agents[1][5]. - La Rosa Holdings aims for profitability in 2025 by expanding into new markets and acquiring additional brokerage firms[1][7]. - The company has initiated international expansion with an area developer in Spain, unlocking new revenue opportunities[1][5]. - La Rosa Holdings maintains a revenue forecast of $100 million for 2025[1][5]. Financial Metrics - Gross profit improved to $5,953,279, up from $2,841,168, reflecting a gross margin increase[20]. - Weighted average shares used in computing net loss per share increased to 20,222,347 from 7,293,033, reflecting a significant dilution[20]. - The change in fair value of derivative liability resulted in a loss of $(1,338,506), contrasting with a gain of $138,985 in 2023[20].

Core Insights - La Rosa Holdings Corp. reported a total revenue increase of 34% year-over-year to $17.5 million for Q1 2025, compared to $13.1 million in Q1 2024 [3][4][5] - Gross profit rose by 32% to $1.5 million in Q1 2025, up from $1.2 million in the same quarter of the previous year [3][5] - The company experienced a significant net loss of $95.9 million in Q1 2025, compared to a net loss of $4.8 million in Q1 2024, primarily due to non-cash and one-time items [8][19] Financial Performance - Residential real estate services revenue increased by 39% to $14.3 million in Q1 2025, up from $10.2 million in Q1 2024 [4][5] - Property management revenue grew by 17% to approximately $3.0 million, while commercial brokerage revenue nearly doubled to approximately $57,000 [5] - Total operating expenses for Q1 2025 were $6.2 million, compared to $5.7 million in Q1 2024, resulting in a loss from operations of $4.7 million [6][18] Business Strategy - The company has focused on organic growth, expanding its agent network to over 2,800 agents nationwide without pursuing acquisitions [3] - La Rosa's business model includes flexible compensation options for agents, such as a revenue-sharing model and a 100% commission option [9][10] - The company is advancing its national and international expansion strategy, recently starting operations in Europe, beginning with Spain [11]

Company Operations and Growth - As of March 31, 2025, the company has 2,769 licensed real estate brokers and sales associates across its corporate and franchised offices[149]. - The company operates 26 corporate real estate brokerage offices and branches in Florida, California, Texas, Georgia, North Carolina, and Puerto Rico[148]. - The company completed its IPO on October 12, 2023, and has since acquired majority ownership of several franchisees, including La Rosa Realty North Florida LLC and La Rosa Realty Georgia LLC[156]. - The company plans to acquire additional franchisees and entities throughout 2025, actively searching for potential acquisition targets[158]. - The company has opened its first office in North Carolina, La Rosa Realty NC LLC, in December 2024, and formed LR Luxury, LLC, in January 2025[157]. - The company increased its agent count by 12.8%, from 2,454 at March 31, 2024, to 2,769 at March 31, 2025[177]. - The company’s business model is built on three pillars: Family, Passion, and Growth, which it believes will continue to attract high-performing realtors[155]. Financial Performance - Total revenue for the three months ended March 31, 2025, was $17,514,394, representing a 34% increase compared to $13,088,899 for the same period in 2024[192]. - Revenue from Real Estate Brokerage Services (Residential) increased by approximately $4.0 million, or 39%, driven by acquisitions completed in fiscal year 2024[193]. - Property Management revenue increased by approximately $432,000, or 172%, due to an increase in properties under management and a management fee price increase[196]. - Gross profit for the three months ended March 31, 2025, was $1,537,668, a 32% increase from $1,161,997 in the same period in 2024[197]. - Selling, general and administrative expenses increased by approximately $1.7 million, or 68%, primarily due to increases in professional fees and payroll[205]. - The company incurred stock-based compensation of approximately $1.9 million, mainly due to option grants to the CEO and consultants[206]. - Other expense, net increased by approximately $91.0 million, primarily due to a loss on issuance of a senior secured convertible note for $128.8 million[207]. - As of March 31, 2025, the company had a cash balance of $4.9 million and negative working capital of $94.0 million[208]. - Net cash used in operating activities for the year ended March 31, 2025, was $(3,493,029), compared to $(538,305) in 2024[214]. - For the three months ended March 31, 2025, the company experienced a net loss of $2.3 million, excluding stock-based compensation and other adjustments[215]. - Operating activities consumed $3.5 million in cash, primarily due to the net loss and changes in operating assets and liabilities[215]. - Financing activities provided net cash of $4.8 million, including net proceeds from an S-3 of $2.9 million and debt issuance of $2.9 million[217]. - Payments totaling $1.8 million were made towards notes payable, post-acquisition consideration, and advances on future receipts[217]. Compliance and Regulatory Issues - The company received a notice from Nasdaq on October 10, 2024, regarding non-compliance with the minimum bid price requirement, with a compliance period until April 8, 2025[159]. - The company is evaluating options to regain compliance with Nasdaq Listing Rule 5250(c)(1) after failing to timely file its Quarterly Report for the fiscal quarter ended March 31, 2025[162]. - The company has adopted new cybersecurity disclosure rules, requiring transparency in its cybersecurity risk management practices[186]. - The company is subject to various data protection regulations, and non-compliance could result in legal and financial penalties[188]. Market Conditions - The federal funds rate was reduced to 433 basis points in April 2025, impacting mortgage rates and housing demand[183]. - Existing-home sales fell 5.9% month-over-month to a seasonally adjusted rate of 4.02 million in March 2025, with a year-over-year decline of 2.4%[183]. - The company faces potential adverse effects on its financial condition due to recent legal challenges regarding real estate agent commissions, including a $418 million settlement by NAR[184]. Shareholder Actions - The company approved a new Share Repurchase Program, authorizing the purchase of up to $500,000 of its outstanding shares by December 31, 2025[174]. - The company issued 7,446,442 shares of common stock under an ATM Agreement for net proceeds of $2,919,192 during Q1 2025[176]. - The company plans to increase the number of authorized shares of common stock to 2 billion (2,000,000,000) shares[172]. - As of April 16, 2025, Joseph La Rosa no longer holds more than 50% of the voting power, resulting in the company no longer being classified as a "controlled company"[173]. Future Outlook - The company plans to continue expanding through acquisitions to achieve future profitability and will require additional capital to fund operations[213]. - The company is classified as a smaller reporting company and is electing scaled disclosure reporting obligations[218].

Core Viewpoint - La Rosa Holdings Corp. has received a delinquency notification from Nasdaq due to the failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025, which is a violation of Nasdaq Listing Rule 5250(c)(1) [1][3] Group 1: Compliance and Regulatory Actions - The notification does not have an immediate effect on the listing of the Company's securities on Nasdaq [2] - The Company must submit a plan to regain compliance by July 21, 2025, and if accepted, may receive an extension of up to 180 days to comply [3] - The Company intends to take necessary steps to regain compliance and expects to file the required report within the 60-day period granted by Nasdaq [4] Group 2: Company Overview and Business Model - La Rosa Holdings Corp. is a real estate and PropTech company that provides agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with 100% commission [5] - The Company offers both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [6] - La Rosa operates 26 corporate-owned brokerage offices across several states and has recently begun expansion into Europe, starting with Spain [7]

Core Insights - La Rosa Holdings Corp. reported strong growth in Q1 2025, particularly in its Celebration office in Florida and BF Prime in Puerto Rico, indicating robust performance in a typically slower season [1][4] Group 1: Performance Metrics - The Celebration office expanded its agent base by 412 agents year-over-year, resulting in a 101% increase in transaction volume and an 86% increase in revenue to $3.4 million compared to $1.8 million in Q1 2024 [2] - BF Prime, acquired in August 2024, added 55 new agents and achieved a 900% increase in transaction volume year-over-year, with revenue rising to $98 thousand from $27 thousand in Q4 2024, marking a 268% increase [3] Group 2: Strategic Outlook - The CEO emphasized the significance of growth within the Latino community as a key driver of success in both Florida and Puerto Rico, and expressed optimism about future expansion into Spain [4] - The company aims to continue its expansion into key markets while equipping agents with innovative tools, anticipating ongoing organic growth and agent expansion as part of its national and international strategy [4] Group 3: Company Overview - La Rosa Holdings Corp. operates 26 corporate-owned brokerage offices across multiple states and has begun its expansion into Europe, starting with Spain [7] - The company offers a flexible compensation model for agents, including revenue-sharing and fee-based structures, supported by a proprietary technology platform [5][6]

Core Viewpoint - La Rosa Holdings Corp. has announced a stock buyback program to repurchase up to $500,000 of its outstanding shares, reflecting confidence in its business model and long-term outlook [1][2]. Group 1: Financial Performance - The company reported a 119% increase in revenue to $69.4 million for fiscal 2024, with a 55% increase to $17.7 million in the fourth quarter alone [2]. - The decision to repurchase shares is influenced by ongoing assessments of capital needs, market conditions, and the stock price [1]. Group 2: Business Model and Strategy - La Rosa Holdings provides flexible compensation options for agents, including a revenue-sharing model and a fee-based structure with 100% commission [3]. - The company offers a range of services including residential and commercial real estate brokerage, franchising, education, coaching, and property management [4]. Group 3: Expansion and Operations - La Rosa operates 26 corporate-owned brokerage offices across several states and has begun expansion into Europe, starting with Spain [5]. - The company has six franchised offices and branches, along with three affiliated brokerage locations in the U.S. and Puerto Rico [5].

Core Insights - La Rosa Holdings Corp. (LRHC) shares have declined 10.1% since reporting 2024 results, contrasting with a 0.2% growth in the S&P 500 index during the same period [1] - The company reported a significant revenue increase of 119% year-over-year, reaching $69.4 million in 2024, driven mainly by a 179% rise in residential real estate services revenues [2][3] Revenue and Profitability - Revenue from residential real estate services surged to $57 million from $20.5 million, while property management revenues increased by 15% to $11.1 million [2][3] - Despite revenue growth, the net loss widened to $15.9 million or $0.79 per share, compared to a loss of $9.3 million or $1.27 per share in 2023, due to higher general and administrative expenses and interest costs [3] Business Metrics - Gross profit increased by 110% to $6 million from $2.8 million, but operating expenses rose significantly to $17.2 million from $9.9 million, including a goodwill impairment of $787,438 [4] - The company added $9.8 million in revenues from eight acquisitions completed in 2024, alongside contributions from previous acquisitions [5] Management Strategy - The CEO emphasized the importance of the "agent-first brokerage model" in driving growth, which includes flexible compensation plans and technology integration [6] - La Rosa aims to scale operations through acquisitions and geographic expansion, with a revenue forecast of $100 million for 2025 [7] Influencing Factors - The revenue increase was primarily due to acquisitions and expanded services, but rising expenses, including stock-based compensation and interest expenses, contributed to the net loss [8] - Macroeconomic challenges, such as rising mortgage rates and limited home affordability, have impacted the broader housing market [9] Future Guidance - The company reaffirmed its $100 million revenue target for 2025 and expressed confidence in achieving profitability through increased agent productivity and operational efficiencies [10] - La Rosa received a 180-day extension from Nasdaq to regain compliance with the $1 minimum bid price rule, which is seen as supportive of its strategic initiatives [10] Recent Developments - In 2024, La Rosa expanded its geographic footprint by opening an office in North Carolina and acquiring majority or full ownership in 12 brokerage firms across several states [11] - The company launched the LR Agent Advance program to enhance agent retention and began accepting cryptocurrency payments from agents [11] - As of April 8, 2025, La Rosa had not regained compliance with Nasdaq's minimum bid rule but was granted an additional 180-day grace period [12]

Core Insights - La Rosa Holdings Corp. has successfully implemented a strategic collaboration with Lofty, an AI-powered productivity platform aimed at enhancing agent performance and supporting national expansion [1][5] - The Lofty platform has been adopted by over 500 La Rosa agents since its launch in November 2024, indicating strong market demand and high user engagement [2] - The collaboration with Lofty introduces a new recurring revenue stream through agent subscriptions, contributing to revenue diversification [3][5] - La Rosa has also implemented Microsoft Dynamics 365 Business Central to modernize its finance and operational infrastructure, enhancing decision-making and reducing staffing needs [4][5] - The company is focusing on achieving profitability and positive cash flow, with Lofty's subscription model expected to contribute to net earnings [6] Company Overview - La Rosa Holdings Corp. operates in the real estate industry, providing agents with flexible compensation options and proprietary technology to enhance service delivery [7] - The company offers both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [8] - La Rosa operates 26 corporate-owned brokerage offices across several states and has begun its expansion into Europe, starting with Spain [9]

Core Insights - La Rosa Holdings Corp. reported a significant increase in revenue and gross profit for the year ended December 31, 2024, with total revenue reaching $69.4 million, a 119% increase year-over-year, and gross profit increasing by 110% to $6.0 million [1][3][8]. Financial Performance - Total revenue for 2024 was $69.4 million compared to $31.8 million in 2023, marking a 119% increase [7][8]. - Residential real estate services revenue surged by $36.6 million to $57.0 million, representing a 179% increase from $20.5 million in 2023 [7][8]. - Gross profit rose by approximately $3.1 million, or 110%, to $6.0 million for 2024 from $2.8 million in 2023 [8]. - The company reported a net loss of $15.9 million for 2024, compared to a net loss of $9.3 million in 2023, with a loss per share of $(0.79) [9][19]. Strategic Initiatives - The company is expanding internationally, starting with Spain, to unlock new revenue opportunities and enhance its global presence [4]. - La Rosa Holdings has engaged in strategic acquisitions, completing eight acquisitions in 2024, which contributed to revenue growth [3][7]. - The company aims to achieve profitability in 2025 by expanding into new markets, acquiring additional brokerage firms, and leveraging technology for operational efficiencies [5]. Operational Highlights - The agent network has grown to over 2,500 agents, supported by a scalable, agent-first brokerage model that offers flexible compensation options [3]. - The introduction of the LR Agent Advance program provides agents with upfront access to pending commissions, creating an additional recurring revenue stream for the company [4]. - Selling, general, and administrative costs for 2024 were approximately $11.6 million, up from $4.8 million in 2023 [7]. Future Outlook - The revenue forecast for 2025 remains at $100 million, indicating confidence in the company's growth strategy [4]. - The company has received a 180-day extension from Nasdaq to comply with the minimum bid price rule, allowing time to execute strategic initiatives [4].