secwatch.observer — SEC 8-K summary
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Issuer:     reAlpha Tech Corp. (AIRE)
CIK:        0001859199
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001213900-24-034538
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

reAlpha Tech Q1 2024 revenue falls 82% YoY to $20,426; net loss deepens to $1.42M
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- Revenue $20,426, down from $111,451 YoY due to rental property disposal and sale of myAlphie.
- Net loss $1,419,045 vs $864,913 YoY; driven by higher wages, legal fees, and equity amortization.
- Adjusted EBITDA -$1,336,790 vs -$775,098 YoY.
- Cash $4.84M at March 31, 2024, down from $6.46M at December 31, 2023.
- Company commercially launched AI-powered platform GENA during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859199/000121390024034538/0001213900-24-034538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859199/000121390024034538/ea0204114-8k_realpha.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-034538

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer