reAlpha Tech Corp. reported Q2 2024 financial results with revenues of $62,353, up from $54,827 in Q2 2023, while net loss was $1.48 million compared to a net income of $4.65 million in the prior year period. The company's technology services segment showed growth following the acquisition of Naamche, while operating expenses increased to $1.25 million primarily due to higher wages and marketing costs.The company has shifted its focus from real estate operations to developing AI-powered technology solutions, including its commission-free homebuying platform Claire. To support growth initiatives, reAlpha secured $5.45 million in financing through a secured promissory note with Streeterville Capital on August 14, 2024, carrying an 8% annual interest rate and 18-month maturity.Management continues to invest in commercializing its AI technologies while maintaining $3.68 million in cash as of June 30, 2024. The company completed strategic acquisitions of Naamche in May 2024 and AiChat in July 2024 to enhance its technology capabilities, with plans for nationwide expansion of the Claire platform by 2026 subject to various operational factors.

reAlpha Tech Corp. reported Q2 2024 financial results with revenues of $62,353, up from $54,827 in Q2 2023, while net loss was $1.48 million compared to a net income of $4.65 million in the prior year period. The company's technology services segment showed growth following the acquisition of Naamche, while operating expenses increased to $1.25 million primarily due to higher wages and marketing costs.The company has shifted its focus from real estate operations to developing AI-powered technology solutions, including its commission-free homebuying platform Claire. To support growth initiatives, reAlpha secured $5.45 million in financing through a secured promissory note with Streeterville Capital on August 14, 2024, carrying an 8% annual interest rate and 18-month maturity.Management continues to invest in commercializing its AI technologies while maintaining $3.68 million in cash as of June 30, 2024. The company completed strategic acquisitions of Naamche in May 2024 and AiChat in July 2024 to enhance its technology capabilities, with plans for nationwide expansion of the Claire platform by 2026 subject to various operational factors.