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Moatable Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-15 21:04
Core Viewpoint - Moatable, Inc. reported strong financial performance in Q2 2025, highlighting steady revenue growth and improved profitability compared to the same quarter last year [3][8]. Financial Performance - Revenue increased by 26% year-over-year to $19.3 million in Q2 2025, with a 27% increase to $37.3 million for the six months ended June 30, 2025 [8]. - Gross profit rose by 21% to $14.3 million in Q2 2025, and by 23% to $27.7 million for the six months ended June 30, 2025 [8]. - The company achieved a net income of $0.4 million in Q2 2025, a turnaround from a net loss of $0.5 million in the same quarter last year [3][8]. - Adjusted EBITDA improved by 100% to a profit of $1.0 million in Q2 2025, and increased by 20% to a profit of $0.6 million for the six months ended June 30, 2025 [8][10]. Operational Efficiency - Gain from operations improved significantly, moving from a loss of $0.8 million in Q2 2024 to a gain of $0.4 million in Q2 2025, reflecting a 150% improvement [8]. - Total cash and cash equivalents decreased to $22.1 million as of the end of Q2 2025, down from $31.9 million at the end of 2024 [8]. Company Overview - Moatable, Inc. operates two US-based SaaS businesses, Lofty and Trucker Path, and its American depositary shares trade on OTC Pink under the symbol "MTBLY" [5].
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]
La Rosa Holdings Corp. Strategic Collaboration with Lofty to Drive Agent Productivity and Introduce New Recurring Revenue Stream
Newsfilter· 2025-04-21 12:30
Celebration, FL, April 21, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a real estate and PropTech company, today announced the successful implementation of its strategic collaboration with Lofty, an AI-powered productivity platform that aims to enhance agent performance and accelerates business growth. The platform supports La Rosa's network of over 2,700 agents while advancing the Company's ongoing national expansion strategy. Since its launch in November 20 ...