La Rosa Holdings reports FY23 EPS ($1.27) vs (39c) last year

Reports FY23 revenue $31.76M vs $26.2M last year. Joe La Rosa, CEO of the Company, commented, “We believe that the past year proved transformative for our Company, highlighted by a successful IPO on the Nasdaq Capital Market, raising $5 million in gross proceeds. This infusion of capital enabled us to accelerate our roll-up strategy, acquiring profitable franchisees and solidifying our market position while creating value for shareholders and clients. Notably, in the fourth quarter alone, we acquired six real estate brokerage franchisees, boasting a combined revenue exceeding $35 million in 2022. As a result, I am pleased to report a 91% year-over-year increase in revenue to $11.4 million for the fourth quarter of 2023 compared to $6.0 million for the fourth quarter of 2022. We expect these acquisitions to contribute meaningfully to our revenue in 2024, and as we integrate these acquisitions, we expect to benefit from improved operating efficiencies and economies of scale.”