earnings
confidence high
sentiment positive
materiality 0.75
La Rosa Q3 2023 revenue rises 11% to $6.8M; IPO raised $5M, acquires two franchisees
La Rosa Holdings Corp.
2023-Q3 EPS reported
-$0.29
revenue$20,320,606
- Revenue $6.8M (+11% YoY); no net income or EPS disclosed in release.
- Completed IPO on Nasdaq on Oct 12, 2023, raising $5M gross proceeds; stock trades under LRHC.
- Acquired controlling interest in two Florida franchisees with combined 2022 revenue >$20.7M; expects top-line increase >75%.
- Launched proprietary AI system 'JAEME' to support real estate agents with marketing and sales.
- Entered strategic referral partnership with Janover, an AI-enabled B2B fintech marketplace for commercial property.