EXCLUSIVE: La Rosa's Q2 Revenue Jumps 154%, Expects $100M Annualized Revenue by 2024
Portfolio Pulse from Anusuya Lahiri
La Rosa Holdings Corp (NASDAQ: LRHC) reported a 154% year-over-year increase in Q2 revenue to $19.1 million, driven by significant growth in residential real estate services. The company plans to acquire several entities and aims to reach $100 million in annualized revenue by the end of 2024.
August 16, 2024 | 12:00 pm
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La Rosa Holdings Corp reported a 154% increase in Q2 revenue to $19.1 million, driven by a 237% increase in residential real estate services revenue. The company plans multiple acquisitions and aims to reach $100 million in annualized revenue by the end of 2024.
The significant increase in revenue and the company's aggressive acquisition strategy are likely to positively impact the stock price in the short term. The market has already reacted positively with a 0.72% increase in premarket trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100