On Thursday, La Rosa Holdings Corp announced a preliminary revenue estimate of $65 million for fiscal year 2024, up 104% from the previous year.

CEO Joe La Rosa noted strategic acquisitions of real estate brokerage franchisees and a significant increase in agent count drove the performance.

Rosa expects that 2025 will be another strong year backed by its continued expansion plans.

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Rosa noted that the company is on track to close the previously announced acquisition of a real estate brokerage firm in the first quarter of 2025. The firm generated $19 million in revenue in 2023 and has a network of over 950 agents across multiple states.

Rosa plans to expand into new states, acquire additional real estate brokerage firms, increase agent count, and continuously enhance its technology.

Price Action: LRHC stock traded higher by 6.29% at $0.51 premarket at the last check on Thursday.

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