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Stock impact report

Janover Reports Third Quarter 2024 Financial Results and Provides Business Update

Janover Inc. (JNVR) 
Company Research Source: GlobeNewswire
BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform connecting the commercial real estate industry, provided a business update and announced its financial results for the third quarter ended September 30, 2024. Q3 2024 Financial and Business Highlights: 40% sequential QoQ revenue growth.58% sequential QoQ run rate ARR growth.70% YoY and 41% QoQ sequential improvement in net loss.39% sequential QoQ improvement in net cash used in operations.Began executing share buybacks during the quarter. Blake Janover, CEO of Janover, stated, "We are pleased to report the best quarter since our IPO, marking our third consecutive quarter of simultaneous top line growth, net income, cash flow, adjusted EBITDA improvement, and ARR growth. Run rate ARR broke out with 58% sequential growth over the last quarter. Recurring revenue has increased significantly over the past few months, as we’ve delivered, to market, Show less Read more
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