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 ...

Core Insights - La Rosa Holdings Corp. plans to acquire Celebration Corporate Center LLC, which aligns with its strategic growth plan and aims to expand into the commercial real estate sector [1][5] - The company anticipates a 17% year-to-date increase in properties under management, with an expected annual growth rate of approximately 30% [1] - La Rosa aims to achieve an annualized revenue run rate target of $100 million by the end of 2024, with profitability expected in 2025 [1] Company Overview - La Rosa Holdings Corp. operates in the real estate industry, offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions [2] - The company provides both residential and commercial real estate brokerage services, leveraging a proprietary technology platform to empower agents and franchisees [2][3] - La Rosa has 22 corporate real estate brokerage offices and branches across Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [3] Acquisition Details - The acquisition of Celebration Corporate Center LLC will be executed through La Rosa Property Management LLC, which specializes in property management services [5] - Celebration Corporate Center has been operational since 2008, offering full-time offices and virtual office solutions, with 32 full-time offices and 248 virtual offices [6]

Celebration, FL, July 24, 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, multiservice real estate segments, today announced that it has entered into a non-binding Letter of Intent to acquire Celebration Corporate Center LLC. The Company expects to acquire this entity through its wholly-owned subsidiary, La Rosa Property Management LLC ("LRPM"). As a result of the acquisition, LRPM will ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to announce this significant growth in transaction volume and value. This 15% sequential increase in Q2 2024 compared to Q1 2024 is a testament to our strategic initiatives, the hard work of our dedicated team, and an increase in transaction volume due to a significant rise in our agent count. Last month, we achieved a historic milestone and onboarded numerous new agents to the La Rosa team. We believe our success reflects our unique, innovative, ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to welcome over 200 new agents to the La Rosa family. We believe that this achievement highlights the trust and confidence agents have in our brand and reflects our dedication to providing unparalleled support, resources, and opportunities for real estate professionals. In our view, our impressive growth can be attributed to our unique, innovative, and agent-friendly revenue share model. We believe that this approach disrupts existing revenue shar ...