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reAlpha Tech | 10-Q: Q3 2024 Earnings Report

reAlpha Tech | 10-Q: Q3 2024 Earnings Report

reAlpha Tech | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/13 00:56

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reAlpha Tech Corp. reported Q3 2024 revenue of $339,227, a 475% increase from $59,022 in Q3 2023, driven by recent acquisitions in its technology services segment. The growth was primarily attributed to its AI conversational platform and mortgage brokerage services, which generated $92,595 and $183,128 respectively. However, operating loss expanded to $1.69 million from $729,000 year-over-year.Operating expenses rose 153% to $1.92 million, mainly due to increased headcount from acquisitions resulting in $507,501 higher salaries, $212,386 in marketing costs for the reAlpha platform, and $210,670 in acquisition-related professional fees. The company's rental business segment remained paused due to unfavorable macroeconomic conditions.As of September 30, 2024, the company held $7.08 million in cash, up from $6.46 million at 2023 year-end. Management noted that current working capital is insufficient for the next 12 months and is evaluating additional financing options. The company completed strategic acquisitions of AiChat, Hyperfast Title and Be My Neighbor during Q3 to enhance its AI-powered homebuying platform capabilities.
reAlpha Tech Corp. reported Q3 2024 revenue of $339,227, a 475% increase from $59,022 in Q3 2023, driven by recent acquisitions in its technology services segment. The growth was primarily attributed to its AI conversational platform and mortgage brokerage services, which generated $92,595 and $183,128 respectively. However, operating loss expanded to $1.69 million from $729,000 year-over-year.Operating expenses rose 153% to $1.92 million, mainly due to increased headcount from acquisitions resulting in $507,501 higher salaries, $212,386 in marketing costs for the reAlpha platform, and $210,670 in acquisition-related professional fees. The company's rental business segment remained paused due to unfavorable macroeconomic conditions.As of September 30, 2024, the company held $7.08 million in cash, up from $6.46 million at 2023 year-end. Management noted that current working capital is insufficient for the next 12 months and is evaluating additional financing options. The company completed strategic acquisitions of AiChat, Hyperfast Title and Be My Neighbor during Q3 to enhance its AI-powered homebuying platform capabilities.
reAlpha科技公司报告2024年第三季度营业收入为$339,227,比2023年第三季度的$59,022增长了475%,这一增长主要得益于最近在科技服务领域的收购。增长主要归因于其人工智能对话平台和抵押贷款券商服务,分别产生了$92,595和$183,128的收入。然而,营业损失从去年的$729,000扩大至$169万。营业费用上升了153%,达到了$192万,这主要是由于收购后员工人数增加,导致薪资增加了$507,501,reAlpha平台的营销费用达到$212,386,以及与收购相关的专业费用为$210,670。由于不利的宏观经济条件,公司的租赁业务板块暂停经营。截至2024年9月30...展开全部
reAlpha科技公司报告2024年第三季度营业收入为$339,227,比2023年第三季度的$59,022增长了475%,这一增长主要得益于最近在科技服务领域的收购。增长主要归因于其人工智能对话平台和抵押贷款券商服务,分别产生了$92,595和$183,128的收入。然而,营业损失从去年的$729,000扩大至$169万。营业费用上升了153%,达到了$192万,这主要是由于收购后员工人数增加,导致薪资增加了$507,501,reAlpha平台的营销费用达到$212,386,以及与收购相关的专业费用为$210,670。由于不利的宏观经济条件,公司的租赁业务板块暂停经营。截至2024年9月30日,公司持有现金$708万,较2023年底的$646万有所增加。管理层指出,目前的营运资金不足以支持未来12个月,并正在评估额外的融资选项。公司在第三季度完成了对AiChat、Hyperfast Title和Be My Neighbor的战略收购,以增强其人工智能驱动的购房平台能力。
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