- La Rosa (NASDAQ:LRHC) said its total revenue rose 91% Y/Y to $11.4 million for Q4.
- Gross profit increased 207% Y/Y in Q4.
- “Notably, in the fourth quarter alone, we acquired six real estate brokerage franchisees, boasting a combined revenue exceeding $35 million in 2022,” said CEO. Joe La Rosa.
- La Rosa also added the company expects 2024 to be the year of expansion, and to reach annualized revenue run rate target of $100 million by the end of 2024.
- The company also expects to reach profitability by 2025.
