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reAlpha Tech | 8-K: reAlpha Tech Corp. Announces Financial Results for the Quarter Ended March 31, 2024

reAlpha Tech | 8-K: reAlpha Tech Corp. Announces Financial Results for the Quarter Ended March 31, 2024

reAlpha Tech | 8-K：RealPha Tech Corp. 公佈截至2024年3月31日的季度財務業績
美股sec公告 ·  04/19 16:53
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On April 19, 2024, reAlpha Tech Corp., a real estate technology company, released its financial results for the first quarter ending March 31, 2024. The company, which specializes in AI-driven real estate technologies, reported a decrease in revenues to $20,426 from $111,451 in the same period the previous year. This decline was primarily due to a strategic shift in business focus towards AI technology commercialization, resulting in the disposal of rental properties and the sale of the myAlphie platform. Consequently, reAlpha experienced an increased net loss of $1,419,045 compared to $864,913 in the first quarter of 2023. The company's cash and cash equivalents stood at approximately $4.84 million as of March 31, 2024, down from $6.46 million at the end of 2023. The increased net loss was attributed to higher wages, professional and legal fees, and equity amortization of a commitment fee. Adjusted EBITDA was also negative at $(1,336,790), compared to $(775,098) in the prior year. The company emphasized its commitment to innovation in the proptech space with the launch of its AI-powered platform, GENA, and anticipates growth opportunities in upcoming quarters.
On April 19, 2024, reAlpha Tech Corp., a real estate technology company, released its financial results for the first quarter ending March 31, 2024. The company, which specializes in AI-driven real estate technologies, reported a decrease in revenues to $20,426 from $111,451 in the same period the previous year. This decline was primarily due to a strategic shift in business focus towards AI technology commercialization, resulting in the disposal of rental properties and the sale of the myAlphie platform. Consequently, reAlpha experienced an increased net loss of $1,419,045 compared to $864,913 in the first quarter of 2023. The company's cash and cash equivalents stood at approximately $4.84 million as of March 31, 2024, down from $6.46 million at the end of 2023. The increased net loss was attributed to higher wages, professional and legal fees, and equity amortization of a commitment fee. Adjusted EBITDA was also negative at $(1,336,790), compared to $(775,098) in the prior year. The company emphasized its commitment to innovation in the proptech space with the launch of its AI-powered platform, GENA, and anticipates growth opportunities in upcoming quarters.
2024年4月19日，房地產科技公司RealPha Tech Corp. 發佈了截至2024年3月31日的第一季度財務業績。該公司專門研究人工智能驅動的房地產技術，報告收入從去年同期的111,451美元下降至20,426美元。這種下降主要是由於業務重點的戰略轉向人工智能技術商業化，導致出租物業的出售和MyAlphie平台的出售。因此，與2023年第一季度的864,913美元相比，RealPHA的淨虧損增加了1,419,045美元。截至2024年3月31日，該公司的現金及現金等價物約爲484萬美元，低於2023年底的646萬美元。淨虧損的增加歸因於更高的工資、專業和律師費以及承諾費的股權攤銷。調整後的息稅折舊攤銷前利潤也爲負數（1,336,790美元），而去年同期爲775,098美元。該公司通過推出人工智能平台GENA強調了其對proptech領域創新的承諾，並預計未來幾個季度將出現增長機會。
2024年4月19日，房地產科技公司RealPha Tech Corp. 發佈了截至2024年3月31日的第一季度財務業績。該公司專門研究人工智能驅動的房地產技術，報告收入從去年同期的111,451美元下降至20,426美元。這種下降主要是由於業務重點的戰略轉向人工智能技術商業化，導致出租物業的出售和MyAlphie平台的出售。因此，與2023年第一季度的864,913美元相比，RealPHA的淨虧損增加了1,419,045美元。截至2024年3月31日，該公司的現金及現金等價物約爲484萬美元，低於2023年底的646萬美元。淨虧損的增加歸因於更高的工資、專業和律師費以及承諾費的股權攤銷。調整後的息稅折舊攤銷前利潤也爲負數（1,336,790美元），而去年同期爲775,098美元。該公司通過推出人工智能平台GENA強調了其對proptech領域創新的承諾，並預計未來幾個季度將出現增長機會。
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