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eXp World Holdings Appoints Jesse Hill as CFO as Company Continues Next Phase of Growth
Globenewswire· 2025-07-02 16:00
Core Insights - eXp World Holdings, Inc. has appointed Jesse Hill as Chief Financial Officer, effective immediately, following his successful tenure as Interim CFO since April 2025 [1][2] - Hill's leadership has been pivotal in the company's international expansion, with the International Realty segment entering eight new markets and nearly quintupling revenue [3] - The company emphasizes its agent-centric business model and aims for long-term financial strength and value creation for agents, employees, and shareholders under Hill's leadership [4] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty® and SUCCESS® Enterprises, with eXp Realty being the largest independent real estate brokerage globally, boasting over 81,000 agents across 27 countries [5] - The company operates as a cloud-based, agent-centric brokerage, offering industry-leading commission splits, revenue share, and equity ownership opportunities [5] - SUCCESS® Enterprises, part of the eXp ecosystem, provides agents with resources for personal and professional development [6]
La Rosa Holdings Corp. Announces 80-for-1 Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price Requirement and Reduce the Public Float
Globenewswire· 2025-07-02 12:30
Core Viewpoint - La Rosa Holdings Corp. will implement an 80-for-1 reverse stock split effective July 7, 2025, to comply with Nasdaq's minimum bid price requirement and potentially attract institutional investors [1][2][3] Company Overview - La Rosa Holdings Corp. operates in the real estate and PropTech sectors, providing agents with flexible compensation options and a proprietary technology platform [4] - The company offers both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [5] Business Operations - La Rosa operates 26 corporate-owned brokerage offices across several states including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico, and is expanding into Europe [6] - The company has six franchised offices and branches, as well as three affiliated brokerage locations in the U.S. and Puerto Rico, and operates a full-service escrow settlement and title company in Florida [6] Strategic Goals - The CEO of La Rosa expressed confidence in the company's business outlook, emphasizing a shift from a growth-only mindset to sustainable financial performance, with a goal of achieving positive cash flow and profitability by the end of 2025 [3]
eXp Realty Empowers Agents with CRM of Choice, Advancing Technology Freedom and Business Autonomy
GlobeNewswire News Room· 2025-07-01 16:00
Core Insights - eXp Realty has launched a new initiative called CRM of Choice, allowing agents to select their preferred customer relationship management platform, emphasizing agent autonomy and innovation [2][3][4] Company Overview - eXp Realty is the largest independent real estate brokerage globally, with over 81,000 agents across 27 countries, and operates as a cloud-based, agent-centric brokerage [6] - The company is a subsidiary of eXp World Holdings, Inc., which also includes SUCCESS® Enterprises [6] CRM of Choice Details - Agents can choose from three CRM platforms: BoldTrail, Cloze, and Lofty, all included in the standard monthly fee [3][7] - BoldTrail is designed for top producers and solo agents, offering AI-driven automation and intelligent lead scoring [7] - Cloze focuses on referral-based agents, providing a mobile-first experience that prioritizes relationship depth [7] - Lofty is tailored for lead-focused teams, featuring advanced lead routing and SEO-optimized websites [7] Agent Engagement - The CRM of Choice initiative has already seen significant interest, with thousands of agents opting in prior to the official launch [5]
Rocket Companies Completes Acquisition of Redfin
Prnewswire· 2025-07-01 13:25
Core Insights - Rocket Companies has completed the acquisition of Redfin, combining the largest mortgage lender with the most-visited real estate brokerage website [1][2] - The integration aims to enhance the homeownership experience by offering clients significant savings through the newly introduced Rocket Preferred Pricing [2][4] Group 1: Acquisition Details - The acquisition of Redfin by Rocket Companies is expected to bridge the gap between the American Dream of homeownership and reality [4] - Redfin has adopted a new brand identity, "Redfin Powered by Rocket," to unify the homebuying experience [3] Group 2: Rocket Preferred Pricing - Rocket Preferred Pricing offers qualified clients a one percentage point reduction in their interest rate for the first year or a lender credit up to $6,000 when financing through Rocket Mortgage and purchasing a home listed by a Redfin agent [2][3] - This pricing is available for conventional, FHA, or VA loans [3] Group 3: Organizational Changes - Rocket Companies has simplified its organizational structure by collapsing its "Up-C" structure, reducing the classes of common stock from four to two [6][7] - This simplification enhances equity liquidity and improves the company's ability to use its common stock for acquisitions [8] Group 4: Company Overview - Rocket Companies, founded in 1985, operates a fintech platform that includes various businesses such as Rocket Mortgage and Rocket Homes [9] - The company is recognized for exceptional client experiences, having ranked 1 in client satisfaction for primary mortgage origination and servicing by J.D. Power 22 times [10]
OFA Group Signs Non-Binding Letter of Intent to Acquire Controlling Stake in Aspire Homes and RateDNA
Globenewswire· 2025-06-27 12:08
Core Insights - OFA Group has signed a Letter of Intent to acquire a 60% controlling interest in Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA, Inc. [1] - The acquisition aims to expand OFA's presence in the resilient sectors of real estate services and specialty lending [4] Company Overview - OFA Group is an integrated architecture and technology firm that provides comprehensive architectural services, including design and fit-out services for commercial and residential buildings [5] - The company is focused on leveraging its architectural design expertise and developing proprietary AI technologies to enhance its services [5] Acquisition Details - RateDNA is a high-growth, vertically integrated real estate and mortgage business backed by AlphaX, serving both residential clients and real estate investors [2] - Aspire Homes offers brokerage services with investment-focused agent training and in-house staging, design, and construction, while RateDNA provides mortgage products tailored to the investor market [3] Strategic Rationale - The COO of OFA Group believes the acquisition represents a compelling opportunity to leverage operational talent to accelerate revenue and enhance cross-platform synergies [4] - The integration of Aspire and RateDNA is expected to create meaningful potential for long-term shareholder value creation [4]
eXp(EXPI) - 2024 Q1 - Earnings Call Presentation
2025-06-25 11:27
slido.com event code: #EXPI Q1 2024 Financial Results Virtual Fireside Chat May 1, 2024 Q1 2024 Earnings Glenn Sanford Founder, Chairman & Chief Executive Officer, eXp World Holdings Leo Pareja We assume no obligation to update or revise any forward-looking statements or information. 1Within the meaning of the Private Securities Litigation Reform Act of 1995 Excluding the information from sources indicated, the content of this presentation is copyright 2024 eXp World Holdings, Inc. All Rights Reserved. Chie ...
eXp(EXPI) - 2024 Q2 - Earnings Call Presentation
2025-06-25 11:27
Financial Performance - Revenue increased by 5% from $1,231.1 million in Q2 2023 to $1,295.2 million in Q2 2024[43] - Adjusted EBITDA increased by 22% from $26.8 million in Q2 2023 to $32.8 million in Q2 2024[21, 43] - North America Adjusted EBITDA grew by 13% year-over-year[21, 37] - International realty revenue increased by 69% year-over-year[21] - Share repurchases amounted to $48.2 million during the quarter[46] Operating Metrics - Real estate sales transactions increased by 1% from 119,277 in Q2 2023 to 120,613 in Q2 2024[21, 43] - Real estate sales volume increased by 7% from $48.6 billion in Q2 2023 to $51.9 billion in Q2 2024[21, 43, 55] - North American Realty SG&A/Unit improved 9% year-over-year[21, 35] - Cost per transaction decreased by 8% from $533 in Q2 2023 to $488 in Q2 2024[43, 46] Agent-Related Updates - eXp paid out nearly $7 million in Real Time REVshare in the first 60 days of REVenue Share 2.0[30] - eXp Exclusives participation expanded by 24% quarter over quarter[33] - eXp Luxury agent count grew by 130% compared to Q2 2023[33]
eXp(EXPI) - 2024 Q3 - Earnings Call Presentation
2025-06-25 11:27
slido.com event code: #EXPI Glenn Sanford Founder, Chairman & Chief Executive Officer, eXp World Holdings Leo Pareja Chief Executive Officer, eXp Realty Principal Financial Officer, Chief Accounting Officer, eXp World Holdings Wendy Forsythe Q3 2024 Financial Results Virtual Fireside Chat November 7, 2024 Q3 2024 Earnings Speakers We assume no obligation to update or revise any forward-looking statements or information. 1Within the meaning of the Private Securities Litigation Reform Act of 1995 Chief Market ...
Fathom (FTHM) Earnings Call Presentation
2025-06-25 11:16
Financial Performance & Growth - Fathom achieved a 24% revenue growth in 2024[9], with Q4 2024 revenue reaching $91.7 million compared to $74.1 million in Q4 2023[104] - The company experienced a 22% increase in transactions in Q4 2024 compared to Q4 2023[10] - Agent growth was also significant, with a 21% increase in Q4 2024 compared to Q4 2023[10] - Gross profit increased by 59% in Q4 2024, reaching $6.7 million compared to $4.2 million in Q4 2023 (excluding Dagley Insurance)[106] Strategic Initiatives - Fathom estimates $100 million in revenue and 12,000 transactions for 2025[10] - The company acquired My Home Group in November 2024, adding 2,200 agents and over 12,000 transactions completed in 2024[96] - Fathom projects over $100 million in revenue and $1.2 million in EBITDA for My Home Group in 2025, and over $130 million in revenue and $2.0 million in EBITDA for 2026[97] - Fathom's direct cost per transaction is $264, significantly lower than the industry average of $1,200 to $1,800[89] Agent Value Proposition - Fathom agents can earn $3,018 more income on just one sale compared to traditional brokerages, based on Fathom's Max Plan[32] - The company's revenue sharing program allows agents to earn additional income, with tiered earnings ranging from 5% to 35% based on the level of recruits[43]
La Rosa Relies on Lofty to Support National Expansion Strategy
GlobeNewswire News Room· 2025-06-23 12:28
Core Insights - Lofty partners with La Rosa Holdings Corp. to enhance the efficiency of real estate transactions and support La Rosa's national expansion strategy [1][2] - Over 500 La Rosa agents have adopted Lofty's platform, indicating strong demand and user engagement [1][3] - Lofty's AI-powered platform is designed to optimize the real estate journey, enabling brokerages to convert 42% more leads compared to other solutions [3][5] Company Overview - La Rosa Holdings Corp. operates 26 corporate-owned brokerage offices across multiple states and Puerto Rico, providing both residential and commercial real estate services [2][9] - The company employs a flexible compensation model for agents, including revenue-sharing and 100% commission options [6][9] - La Rosa is expanding into Europe, starting with Spain, and operates a full-service escrow settlement and title company in Florida [9] Technology and Innovation - Lofty's platform offers a comprehensive technology foundation that supports the unique needs of traditional and modern brokerages [3][5] - The platform features multilingual capabilities and an AI Sales Assistant that supports over 50 languages, enhancing client engagement [8] - Lofty's technology aims to streamline processes, reduce operational costs, and improve agent productivity [1][3]