On April 19, 2024, reAlpha Tech Corp., a real estate technology company, released its financial results for the first quarter ending March 31, 2024. The company, which specializes in AI-driven real estate technologies, reported a decrease in revenues to $20,426 from $111,451 in the same period the previous year. This decline was primarily due to a strategic shift in business focus towards AI technology commercialization, resulting in the disposal of rental properties and the sale of the myAlphie platform. Consequently, reAlpha experienced an increased net loss of $1,419,045 compared to $864,913 in the first quarter of 2023. The company's cash and cash equivalents stood at approximately $4.84 million as of March 31, 2024, down from $6.46 million at the end of 2023. The increased net loss was attributed to higher wages, professional and legal fees, and equity amortization of a commitment fee. Adjusted EBITDA was also negative at $(1,336,790), compared to $(775,098) in the prior year. The company emphasized its commitment to innovation in the proptech space with the launch of its AI-powered platform, GENA, and anticipates growth opportunities in upcoming quarters.

On April 19, 2024, reAlpha Tech Corp., a real estate technology company, released its financial results for the first quarter ending March 31, 2024. The company, which specializes in AI-driven real estate technologies, reported a decrease in revenues to $20,426 from $111,451 in the same period the previous year. This decline was primarily due to a strategic shift in business focus towards AI technology commercialization, resulting in the disposal of rental properties and the sale of the myAlphie platform. Consequently, reAlpha experienced an increased net loss of $1,419,045 compared to $864,913 in the first quarter of 2023. The company's cash and cash equivalents stood at approximately $4.84 million as of March 31, 2024, down from $6.46 million at the end of 2023. The increased net loss was attributed to higher wages, professional and legal fees, and equity amortization of a commitment fee. Adjusted EBITDA was also negative at $(1,336,790), compared to $(775,098) in the prior year. The company emphasized its commitment to innovation in the proptech space with the launch of its AI-powered platform, GENA, and anticipates growth opportunities in upcoming quarters.