reAlpha Tech Corp. Announces Over 440% Increase in Revenue for the Quarter Ended September 30, 2024
reAlpha Tech Corp. (AIRE)
Company Research
Source: GlobeNewswire
DUBLIN, Ohio, Nov. 12, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company,” “reAlpha,”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights: Revenue was approximately $339,000 for the three months ended September 30, 2024, an increase of approximately 440% from the quarter ended June 30, 2024, and a 475% increase year-over-year (“YoY”).Revenue exceeded the high end of the revenue growth guidance provided in the Company’s second quarter earnings release by 274%.Cash and cash equivalents of approximately $7.07 million as of September 30, 2024.Net loss was approximately $(2.10) million for the three months ended September 30, 2024.Adjusted EBITDA was approximately $(1.36) million, a decrease of 19% from the quarter ended June 30, 2024, and an 86% decrease YoY. Outlook for Quarter Ending Dec
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AIRE
Sec Filings
- 11/21/24 - Form 424B3
- 11/21/24 - Form 8-K
- 11/15/24 - Form S-3
- AIRE's page on the SEC website