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].

La Rosa Holdings to Present at the LD Micro Main Event XVII on October 29thOctober 24, 2024 9:00 AM EDT | Source: LD MicroCelebration, Florida--(Newsfile Corp. - October 24, 2024) - 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 will be presenting at LD Micro 17th Annual Main Event being held October 28th - 30th, 2024 at the Luxe Sunset B ...

Celebration, FL, Oct. 09, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for six agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced the launch of My Agent Account version 3.0, a significant upgrade to its proprietary platform, which now includes a new module specifically designed for property management disbursements. This update is expected to improve operational efficiency for agents across t ...

Celebration, FL, Sept. 17, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for six agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced that it has entered into a non-binding Letter of Intent to acquire a real estate brokerage firm with over 950 agents and offices in multiple states. The firm also offers a proprietary cloud-based Software-as-a-Service (SaaS) platform tailored for real estate agent ...

Launching La Rosa's multi-level revenue share plan in Puerto Rico intended to empower realtors with a unique income stream Hosting Discover the La Rosa Difference Event for Real Estate Agents on October 17th at 5 P.M. ET Reaffirms target of generating $100 million in annualized revenue as a 2024 exit run rate Celebration, FL, Aug. 21, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, mult ...

Exhibit 99.1 La Rosa Reports 154% Year-Over-Year Increase in Revenue to $19.1 Million for the Second Quarter of 2024 Successfully Acquires Eleven Brokerages Since Company's IPO in October 2023 Residential Real Estate Services Revenue Increased 237% to $15.9 Million in Q2 2024 vs Q2 2023 Celebration, FL / August 16, 2024 / – La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, toda ...