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La Rosa Holdings Corp. Announces Significant Milestone: Surpasses 3,000 Agents and Reports Preliminary Unaudited Revenue of $38.4 Million for the First Half of 2025, Achieving 19.4% Year-Over-Year Growth
Globenewswire· 2025-07-03 12:00
Celebration, FL, July 03, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today announced a major milestone in its growth trajectory, surpassing 3,000 real estate agents across its network. The Company also reported preliminary unaudited revenue of approximately $38.4 million for the first half of 2025, representing approximately 19.4% year-over-year growth compared to the same period in 2024. Joe La Rosa, CEO of La Rosa, comme ...
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
Celebration, FL, July 02, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today announced that it will effect a 80-for-1 reverse split (“reverse split”) of its shares of common stock that will become effective on July 7, 2025 at 12:01 a.m. (Eastern Time). La Rosa’s common stock will continue to trade on Nasdaq under the symbol “LRHC” and will begin trading on a split-adjusted basis when the market opens on July 7, 2025. The ne ...
La Rosa Holdings Corp. to Expand into Valencia and Canary Islands, Spain following Successful Events in Málaga and Madrid
Globenewswire· 2025-06-05 12:00
Core Insights - La Rosa Holdings Corp. is advancing its international expansion strategy, particularly in Spain, following participation in key real estate events [1][4] - The company has established a subsidiary in Madrid to develop the La Rosa Realty España brand and is in the process of obtaining local licenses [2] - La Rosa has signed a Letter of Intent with a Spanish real estate professional to convert her offices into La Rosa-branded locations [2] Company Developments - The average home prices in Spain have increased by approximately 11% year-over-year as of Q1 2025, with regions like Valencia and the Canary Islands experiencing double-digit growth [3] - The CEO of La Rosa emphasized the opportunities arising from their presence at leading real estate events in Spain and the importance of establishing a strong foundation for their brand in the country [4] - La Rosa's business model includes flexible compensation options for agents, a revenue-sharing model, and a focus on technology and community culture [6][8] Market Context - La Rosa Holdings operates 26 corporate-owned brokerage offices across various states in the U.S. and has recently begun its expansion into Europe, starting with Spain [8] - The company offers a range of services including residential and commercial real estate brokerage, franchising, education, coaching, and property management [7]
From a $91M Year to a Bold New Chapter: Costanza Genoese Zerbi Joins eXp Realty
GlobeNewswire News Room· 2025-06-04 16:00
BELLINGHAM, Wash., June 04, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Costanza Genoese Zerbi, a nationally ranked top producer and founder of Costanza Genoese Zerbi & Associates in Long Beach, California, has joined its growing network of elite agents. A two-time Boston Marathon finisher and nationally ranked top producer, Costanza brings nearly a decade of expe ...
La Rosa Holdings Corp. Reports 34% Year-Over-Year Increase in Revenue to $17.5 Million for First Quarter of 2025
Globenewswire· 2025-05-29 12:00
Core Insights - La Rosa Holdings Corp. reported a total revenue increase of 34% year-over-year to $17.5 million for Q1 2025, compared to $13.1 million in Q1 2024 [3][4][5] - Gross profit rose by 32% to $1.5 million in Q1 2025, up from $1.2 million in the same quarter of the previous year [3][5] - The company experienced a significant net loss of $95.9 million in Q1 2025, compared to a net loss of $4.8 million in Q1 2024, primarily due to non-cash and one-time items [8][19] Financial Performance - Residential real estate services revenue increased by 39% to $14.3 million in Q1 2025, up from $10.2 million in Q1 2024 [4][5] - Property management revenue grew by 17% to approximately $3.0 million, while commercial brokerage revenue nearly doubled to approximately $57,000 [5] - Total operating expenses for Q1 2025 were $6.2 million, compared to $5.7 million in Q1 2024, resulting in a loss from operations of $4.7 million [6][18] Business Strategy - The company has focused on organic growth, expanding its agent network to over 2,800 agents nationwide without pursuing acquisitions [3] - La Rosa's business model includes flexible compensation options for agents, such as a revenue-sharing model and a 100% commission option [9][10] - The company is advancing its national and international expansion strategy, recently starting operations in Europe, beginning with Spain [11]
La Rosa Holdings Corp. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
Globenewswire· 2025-05-28 17:00
Celebration, FL, May 28, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today announced that on May 21, 2025, it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Nasdaq Listing Rule”) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the ...
Nebraska's ERS Real Estate Group Brings $170M in Production and Big Vision to eXp Realty ERS juggernaut joins eXp Realty with plans to reshape the real estate experience through its Elite Real Estate Systems LLP
GlobeNewswire News Room· 2025-05-20 16:00
BELLINGHAM, Wash., May 20, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the addition of ERS Real Estate Group, the residential arm of Omaha-based Elite Real Estate Systems LLP (ERS). Co-founders Jeff Cohn and Renee Mueller are leaders of the 53 agents who closed $170 million in sales volume across 575 units in 2024. Previously known as kwELITE, ERS Real Estate Group was ...
美国房地产经纪公司Redfin:经济紧张和高成本抑制了春季房屋销售。新房源数量仍在增加,一些买家因此获得了优惠。
news flash· 2025-05-15 12:06
美国房地产经纪公司Redfin:经济紧张和高成本抑制了春季房屋销售。新房源数量仍在增加,一些买家 因此获得了优惠。 ...
Marcus & Millichap(MMI) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:32
Marcus & Millichap (MMI) Q1 2025 Earnings Call May 07, 2025 10:30 AM ET Company Participants None - ExecutiveHessam Nadji - President and CEOSteve Degennaro - Executive VP & CFO Conference Call Participants Young Ku - Equity Research Analyst Operator Greetings, and welcome to Marcus and Millichap's first quarter twenty twenty five earnings conference call. As a reminder, this call is being recorded. I would now like to turn the conference over to your host, Yac Korne. Thank you. You may begin. None Thank yo ...
Marcus & Millichap(MMI) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:30
Marcus & Millichap (MMI) Q1 2025 Earnings Call May 07, 2025 10:30 AM ET Speaker0 Greetings, and welcome to Marcus and Millichap's first quarter twenty twenty five earnings conference call. As a reminder, this call is being recorded. I would now like to turn the conference over to your host, Yac Korne. Thank you. You may begin. Speaker1 Thank you, operator. Good morning, and welcome to Marcus and Millichap's First Quarter twenty twenty five Earnings Conference Call. With us today are President and Chief Exec ...