Increasing agent count of franchisee by 55% post-acquisition Reaffirms target of generating $100 million in annualized revenue as a 2024 exit run rate Celebration, FL, May 30, 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, multi- service real estate segments, today announced that it has completed an acquisition transaction and now holds a 51% interest in the Company's franchisee - La R ...

Core Viewpoint - The article discusses the upcoming broadcast of episode 575 of "New to The Street" on Bloomberg TV, featuring interviews with various companies across different sectors, highlighting their innovations and business models [1][2]. Group 1: Telomir Pharmaceuticals, Inc. (NASDAQ:TELO) - Telomir Pharmaceuticals is a pre-clinical stage pharmaceutical company focused on developing TELOMIR-1, a drug aimed at increasing telomere lengths to potentially reduce aging and age-related diseases [4][9]. - The company went public in February 2024, raising $5.8 million to support its drug development efforts, with plans to enter Phase 1 FDA trials in 2025 [4]. Group 2: La Rosa Holdings Corp. (NASDAQ:LRHC) - La Rosa Holdings is transforming the real estate market with an agent-centric model that offers 100% commission and integrates AI technology to enhance agent services [5][10]. - The company went public in October 2023, and its management emphasizes a culture of family, passion, and growth, celebrating individual successes through "Win Meetings" [5]. Group 3: Performance Golf - Performance Golf is an online platform providing golfers access to top instructors and resources to improve their game, featuring popular products like the "One Shot Slice Fix" and "Single Strike Sequence" [6][7][11]. - The platform utilizes AI technology to analyze golfers' swings and provide personalized coaching, addressing common issues faced by amateur golfers [7]. Group 4: Gondola - Gondola offers MySafeTank™, a financial product designed for retail investors that minimizes risks and taxes, providing a steady growth rate with built-in guarantees [8][13]. - The product aims to address investor concerns regarding volatility and liquidity, ensuring that returns are never less than zero [8].

Revenue Growth - Total revenue increased 117% year-over-year to $13.1 million for Q1 2024, up from $6.0 million in Q1 2023[1] - Residential real estate services revenue rose 211% to $10.2 million, an increase of $6.9 million compared to the same period last year[6] Acquisitions and Expansion - The company successfully acquired three real estate brokerage franchisees in Q1 2024, bringing the total acquisitions since IPO to ten[4] - The company opened a new office in the Tampa Bay Area in January 2024 as part of its expansion strategy[6] - The company launched a new negotiation platform, Final Offer, in Florida and Georgia in March 2024, with plans for further expansion[6] Financial Performance - The company aims for an annualized revenue run rate of $100 million by the end of 2024, with profitability expected in 2025[4] - Selling, general and administrative costs for Q1 2024 were $2.6 million, compared to $1.0 million in Q1 2023, driven by costs from acquisitions and increased payroll[7] - Net loss for Q1 2024 was $4.7 million, or $(0.35) per share, compared to a net loss of $1.0 million, or $(0.16) per share, in Q1 2023[7] Operational Challenges - The company reported a 36% decrease in total transaction volume, impacting revenue growth despite the increase from acquisitions[7] - The company anticipates improved operating efficiencies and economies of scale from the integration of recent acquisitions[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number: 001-41588 LA ROSA HOLDINGS CORP. (Exact name of registrant as specified in its charter) Nevada 87-1641189 (State or other jurisdicti ...

NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- FMW Media's New to The Street business show announces its TV broadcast of its corporate interviews. Episode 570 airs as sponsored programming on Bloomberg TV on Saturday, April 27, 2024, at 6:30 PM ET. New to The Street's Episode 570 features the following five (5) corporate interviews: 1). Capital Loans – BHG Financial's interview with Albert Crawford, Co-Founder, Chairman, and CEO 2). Global Education/Training – ReSkills' interview with Jin Tan, Chief Executive ...

Acquisition of Six Brokerages Increases the Company's Gross Profit 207% in Q4 2023 vs Q4 2022 Revenue Increased 21% to $31.8 Million for Fiscal Year 2023 from 2022 CELEBRATION, Fla., April 17, 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, multi-service real estate segments, today provided a business update and reported financial results for the fiscal year ended December 31, 2023. Key ...

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------|-----------------------| | Nevada | 87-1641189 | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 1420 Celebration Blvd., 2 floor Celebration, Florida | 34747 | | | | Registrant's telephone number, including area code (321) 250-1799 Securities registered under Section 12(b) of the ...

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- FMW Media Inc.'s New to The Street announces signing La Rosa Holdings Corp. (NASDAQ:LRHC) ($LRHC) ("Company") to a six-month media contract that will feature the Company on show's televised sponsored programming. New to The Street's IPOMarket segment with Jane King and Co-host Peter Goldstein will interview key management members about the fundamental business ongoings at La Rosa Holdings Corp. Each show will air on New to The Street's televised outlets as sponso ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1420 Celebration Blvd., 2nd Floor (Address of principal executive offices) (Zip Code) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number: 001-41588 LA ROSA HOLDINGS CORP. (Exact name o ...