earnings
confidence high
sentiment positive
materiality 0.75
La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa Holdings reports preliminary 9-month revenue of ~$45M, +120% YoY; projects $100M annualized run-rate
La Rosa Holdings Corp.
2024-Q3 EPS reported
-$0.70
revenue$51,733,355
- Preliminary unaudited 9-month 2024 revenue ~$45M, up 120% YoY vs same period 2023.
- CEO projects annualized revenue run-rate of $100M by end of 2024 and profitability in 2025.
- Settled litigation with Norkis Fernandez; acquired remaining 49% of subsidiary LRLN for $11,904.76/month over 7 years.
- Disclosed LOI to acquire a brokerage with >$19M 2023 revenue and 950+ agents; no assurance of closing.
- Full Q3 2024 financial results expected in coming weeks.