Award-Winning Luxury Real Estate Team Led by Joel Schemmel and Donna Soda Expands the Brokerage's Presence in Western FloridaSARASOTA, Fla., Aug. 25, 2025 /PRNewswire/ -- Douglas Elliman Inc., one of the largest residential real estate brokerages, today announced The Schemmel Soda Group has joined the firm's Sarasota office (1350 Main Street, Sarasota, Florida). Previously with Premier Sotheby's International Realty, the record-setting team is led by cofounders Joel Schemmel and Donna Soda and includes agen ...

Q2 2025 Revenue Increased 22% Year-Over Year to $23.2 Million as Compared to Q2 2024CELEBRATION, Fla., Aug. 19, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today provided a business update and reported financial results for the for the second quarter ended June 30, 2025. Q2 2025 Financial Highlights Total revenue increased 22% year-over-year to $23.2 million for the second quarter ended June 30, 2025 from $19.1 million for ...

Proptech Breakthrough Awards PALO ALTO, CA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) (“we,” “us,” “our,” “Cloudastructure” or the “Company”) an award-winning leader in AI Surveillance and Remote Guarding, today announced that its Alpha™ platform—developed in partnership with Flex Security, a division of RVMP®—has been named “Project Management Solution of the Year” for construction in the 5th Annual PropTech Breakthrough Awards. The program, conducted by PropTech Breakthrough, ...

BRISBANE, Australia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Australia Pty Ltd, a subsidiary of SIMPPLE Ltd. (NASDAQ: SPPL, “SIMPPLE”, “the Company”) and a leading technology provider in the integrated facility management sector, today announced that the Company, in partnership with New Zealand-based Mode Technology, had completed the sale and successful deployment of autonomous cleaning robots nationwide, marking the largest robotic fleet successfully implemented in the retirement living sector in New Ze ...

Core Insights - Douglas Elliman reported a 5% year-over-year decline in revenue for Q2 2025, totaling $271.4 million compared to $285.8 million in Q2 2024 [1][5] - The company experienced a significant increase in net loss, reaching $22.7 million, with a diluted loss per share of $0.27 [6] - Adjusted EBITDA swung from a positive $2.9 million in the prior year to a negative $(0.8) million, indicating underlying operational challenges [6][12] Financial Performance - Revenue for Q2 2025 was $271.4 million, down from $285.8 million in Q2 2024, reflecting a 5% decrease [2][5] - Gross Transaction Value (GTV) decreased to $10.2 billion from $10.6 billion, a decline of 3.8% year-over-year [2][7] - The number of transactions fell to 5,530 from 5,885, although the average price per transaction remained strong at $1.84 million [7][11] Profitability Metrics - Net loss expanded to $22.7 million, with an adjusted net loss of $4.7 million compared to $0.5 million in the prior year [6][11] - Adjusted EPS (Non-GAAP, Diluted) was $(0.06), a deterioration from $(0.01) in Q2 2024, reflecting a 500% increase in losses [2][6] - Operating expenses remained high, with real estate agent commissions at $204.6 million and sales and marketing expenses at $20.1 million [9][10] Business Strategy and Focus - The company aims to strengthen its luxury brand and expand in growth markets while leveraging property technology (PropTech) [4][11] - Management emphasized the importance of maintaining a trusted reputation and attracting top-tier agents to drive transaction volume [4][11] - There were no updates on agent recruitment, new office openings, or PropTech rollouts during the quarter [11][12] Future Outlook - Management did not provide specific forward guidance for revenue or earnings for the remainder of fiscal 2025 [12] - The focus remains on long-term value creation and investments in core markets and technology, but without clear financial targets for the second half of the year [12][13] - Future results will depend on market dynamics and the company's ability to convert its brand strength into transaction growth [13]

Core Insights - Douglas Elliman Real Estate has launched Elliman Capital, an in-house mortgage platform aimed at simplifying the home financing process for both traditional and non-traditional borrowers [1][2] - The platform will initially be available in Florida, with plans for expansion to all states where Douglas Elliman operates [1][3] Company Overview - Douglas Elliman Inc. is one of the largest residential brokerage companies in the United States, with operations in multiple states including New York, Florida, California, and Texas [5] - The company is also involved in early-stage property technology solutions and offers various real estate services [5] Product Offering - Elliman Capital provides a wide range of loan products, including conventional loans, jumbo loans, construction loans, investment property financing, bridge loans, commercial lending, second home mortgages, FHA loans, VA loans, and USDA loans [2][4] - The platform is designed to cater to diverse borrower needs, including self-employed individuals, investors, and foreign nationals [2][3] Technology and Process - The new mortgage platform incorporates advanced technology to streamline the mortgage application and approval process, allowing agents to track loan progress and receive real-time updates [4][6] - This integration aims to enhance the overall client experience from property search to closing [4] Competitive Advantage - Douglas Elliman's established reputation for luxury service and market expertise positions Elliman Capital to become a significant player in the residential lending market [4] - The company leverages strong lender relationships to offer competitive rates and optimal terms for clients [6]

Company Overview - Yoshiharu Global Co. is transitioning to a new name, "Vestand, Inc.", to reflect its evolution from a restaurant operator to a diversified brand that includes real estate development and digital asset ventures [1][2][3] - The company currently operates 15 restaurants specializing in Japanese ramen and has gained recognition in Southern California and Las Vegas since its debut in 2016 [6] Strategic Initiatives - The name change and rebranding to Vestand is part of a strategic initiative to position the company as a leading player in the U.S. PropTech market, focusing on real estate investments and digital assets [3][5] - A strategic Memorandum of Understanding (MOU) has been signed with Good Mood Studio, a real estate firm known for over 1,400 successful property flips, to accelerate real estate initiatives [4] Market Outlook - The U.S. real estate market is characterized by stability and strong demand, with significant long-term appreciation potential [5] - Technological advancements such as tokenization platforms, AI-based property analysis, and virtual transactions are enhancing efficiency, access, and liquidity in the real estate market [5]

Core Insights - Yoshiharu Global Co. is entering the U.S. real estate market to diversify its growth engines beyond its traditional ramen business [1][4] - The company has signed a strategic MOU with Good Mood Studio and plans to invest approximately $2 million for a 10% stake in Wealthrail, a real estate tokenization platform [2][3] - The U.S. real estate market is viewed as the largest and most attractive globally, with plans to position Yoshiharu as a leading PropTech player [4] Company Overview - Yoshiharu specializes in authentic Japanese ramen and has expanded to operate 15 restaurants across Southern California and Las Vegas since its debut in 2016 [5]

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 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].