Information
Revenue for the Fourth Quarter of 2024 Increased 55% Year-Over-Year to $17.7 Million Gross Profit In...
Original sourceAI Summary
Total revenue increased 119% year-over-year to $69.4 million in 2024. Gross profit rose 110% to $6.0 million for the same period. Company introduced new programs and initiated international expansion into Spain. Nasdaq granted a 180-day extension to comply with minimum bid price rule. Revenue forecast for 2025 remains at $100 million, with profitability goals.
Sentiment Rationale
The substantial revenue growth and profit improvement reflect strong operational momentum, reminiscent of pre-2022 growth phases in real estate stocks.
Trading Thesis
The company's strategic acquisitions and international expansion should drive sustainable growth over time, supporting future profitability.
Market-Moving
- Total revenue increased 119% year-over-year to $69.4 million in 2024.
- Gross profit rose 110% to $6.0 million for the same period.
- Company introduced new programs and initiated international expansion into Spain.
Key Facts
- Total revenue increased 119% year-over-year to $69.4 million in 2024.
- Gross profit rose 110% to $6.0 million for the same period.
- Company introduced new programs and initiated international expansion into Spain.
- Nasdaq granted a 180-day extension to comply with minimum bid price rule.
- Revenue forecast for 2025 remains at $100 million, with profitability goals.
Companies Mentioned
- Zillow (Zillow)
- Redfin (Redfin)
- KGH (KGH)
- CIGG (CIGG)
Corporate Developments
The company's commendable financial performance and expansion strategies are likely to enhance investor confidence and attract market attention.