La Rosa Holdings (LRHC) shares more than doubled in recent Wednesday trading after the company reported preliminary nine-month revenue of roughly $45 million, increasing about 120% year-over-year.
The company said it expects to achieve profitability next year as well as an annualized revenue run rate of $100 million by the end of 2024.
La Rosa attributed its nine-month revenue growth to the acquisition of real estate brokerage franchisees and an increase in agent count.
Price: 1.33, Change: +0.84, Percent Change: +170.66
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments