NEWS ER
reAlpha Tech Corp. Announces Financial Results for the Quarter Ended June 30, 2024
▪️Positive
Launch of Claire, an AI-powered commission-free home buying platform
▪️Positive
Launch of Claire, an AI-powered commission-free home buying platform
Acquisition of Naamche, adding 43 engineers and developers
Revenue increased 205% QoQ and 13.6% YoY to $62,353
Projected revenue growth of 140-170% for Q3 2024
Strategic acquisitions of AiChat and Hyperfast to fuel growth
▪️Negative
Net loss of $(1,478,312) for Q2 2024
Adjusted EBITDA decreased 5.4% QoQ and 48% YoY to $(1,147,148)
Cash position of $3.7 million may limit future growth opportunities
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