DUBLIN, Ohio, April 28, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) ("reAlpha" or the "Company"), a real estate technology company developing and commercializing artificial intelligence ("AI") technologies, is pleased to announce the appointment of Cristol Rippe as Chief Marketing Officer, effective immediately. In this role, Ms. Rippe will oversee and expand all aspects of brand, marketing, and communications of the Company, reporting directly to the Company's President and Chief Operating O ...

Core Insights - AppFolio reported strong new business growth in the first quarter of 2025, highlighting its commitment to innovation and customer service [2][3] - The company has connected its acquisition of LiveEasy with industry partners like Zillow and Second Nature to enhance its resident strategy [2] Financial Highlights - Revenue increased by 16% year-over-year to $218 million [6] - Total units under management grew by 6% year-over-year to 8.8 million [6] - GAAP operating income was $34 million, representing 15.5% of revenue, compared to 18.2% in Q1 2024 [6] - Non-GAAP operating income was $53 million, or 24.3% of revenue, down from 25.7% in Q1 2024 [6] - Net cash provided by operating activities was $38 million, or 17.7% of revenue, compared to $43 million, or 22.9% in Q1 2024 [6] Financial Outlook - Full year revenue is projected to be between $920 million and $940 million [6] - The company expects a non-GAAP operating margin of 24.5% to 26.5% for the full year [6] - A $300 million share repurchase program was authorized by the Board on April 23, 2025, replacing a previously reported $100 million program [4] Conference Call Information - A conference call to discuss the first quarter financial results was scheduled for April 24, 2025, at 2:00 p.m. PT [5] Company Overview - AppFolio is positioned as a technology leader in the real estate industry, focusing on enhancing operational efficiency and customer connections [8]