La Rosa Holdings Corp. reported significant financial growth in its fiscal year ending December 31, 2024, with total revenue reaching $69.4 million, a 119% increase from $31.8 million in 2023. The surge in revenue was primarily driven by a 179% increase in residential real estate brokerage services, which generated $57 million, bolstered by acquisitions and increased transaction fees. However, the company also faced challenges, including a net loss of $14.3 million, compared to a loss of $7.8 million in the previous year, reflecting ongoing operational costs and the impact of recent acquisitions.
The company made substantial strategic moves during the year, acquiring majority stakes in several franchisees and affiliates, including La Rosa Realty Winter Garden LLC and La Rosa Realty Georgia LLC. These acquisitions contributed to a total of seven new franchisees added in 2024, enhancing La Rosa's market presence. Additionally, the launch of proprietary technology systems, such as the JAEME AI assistant, aimed to improve agent efficiency and service delivery, further supporting the company's growth strategy.
Operationally, La Rosa Holdings reported an increase in its agent count, growing from 2,434 agents in 2023 to 2,581 by the end of 2024. The company also expanded its property management services, managing approximately 650 properties, which contributed to a 15% increase in property management revenue. Despite these gains, the company faced challenges in franchising services, which saw a 63% decline in revenue due to the acquisition of franchisees that no longer contributed to royalty fees.
The company’s financial outlook remains cautious, with management acknowledging substantial doubt about its ability to continue as a going concern due to recurring losses and the need for additional capital. La Rosa Holdings is actively pursuing further acquisitions and plans to raise capital to support its operations and growth initiatives. The company is also navigating compliance issues with Nasdaq, having received a notice regarding its stock price falling below the required minimum, which could lead to delisting if not resolved by October 2025.
About La Rosa Holdings Corp.
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