EXCLUSIVE: La Rosa Doubles Revenue to $65 Million in 2024, Plans Major Expansion and $19 Million Brokerage Acquisition

Benzinga

01-23

On Thursday, La Rosa Holdings Corp (NASDAQ: LRHC) announced a preliminary revenue estimate of $65 million for fiscal year 2024, up 104% from the previous year.

CEO Joe La Rosa noted strategic acquisitions of real estate brokerage franchisees and a significant increase in agent count drove the performance.

Rosa expects that 2025 will be another strong year backed by its continued expansion plans.

Also Read: Huawei Wants To Take Nvidia’s Place In AI In China, Shifts Focus to Inference Over Training

Rosa noted that the company is on track to close the previously announced acquisition of a real estate brokerage firm in the first quarter of 2025. The firm generated $19 million in revenue in 2023 and has a network of over 950 agents across multiple states.

Rosa plans to expand into new states, acquire additional real estate brokerage firms, increase agent count, and continuously enhance its technology.

Price Action: LRHC stock traded higher by 6.29% at $0.51 premarket at the last check on Thursday.

Also Read:

UMC Q4 Earnings: Topline Rises 9.9% Driven By AI And Smartphones, Projects Sequentially Flat Q1 Shipments

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The firm generated $19 million in revenue in 2023 and has a network of over 950 agents across multiple states.</p>\n<p>Rosa plans to expand into new states, acquire additional real estate brokerage firms, increase agent count, and continuously enhance its technology.</p>\n<p><strong>Price Action:</strong> LRHC stock traded higher by 6.29% at $0.51 premarket at the last check on Thursday.</p>\n<p><strong>Also Read:</strong></p>\n<ul>\n<li><strong>UMC Q4 Earnings: Topline Rises 9.9% Driven By AI And Smartphones, Projects Sequentially Flat Q1 Shipments</strong></li>\n</ul></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LRHC","symbol_name":"La Rosa Holdings Corp","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/25/01/43158037/exclusive-la-rosa-doubles-revenue-to-65-million-in-2024-plans-major-expansion-and-19-million-brokerage-acquisition","article_id":"2505018127","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505018127","pubTimestamp":1737638118,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"La Rosa Holdings Corp announced a preliminary revenue estimate of $65 million for fiscal year 2024, up 104% from previous year. CEO expects continued growth in 2025 through acquisitions, expansion, and technology enhancements. 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The firm generated $19 million in revenue in 2023 and has a network of over 950 agents across multiple states.\nRosa plans to expand into new states, acquire additional real estate brokerage firms, increase agent count, and continuously enhance its technology.\nPrice Action: LRHC stock traded higher by 6.29% at $0.51 premarket at the last check on Thursday.\nAlso Read:\n\nUMC Q4 Earnings: Topline Rises 9.9% Driven By AI And Smartphones, Projects Sequentially Flat Q1 Shipments","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":1}}}