reAlpha Tech Corp. (reAlpha) reported financial results for the quarter ended September 30, 2024. The company's revenue increased significantly to $339,227, a 475% rise from the same period last year, primarily driven by the integration of recent acquisitions in the technology services segment. Operating expenses also saw a substantial increase to $1,915,486, up 153% year-on-year, due to higher employee salaries and marketing costs associated with the reAlpha platform campaign. Other expenses, including interest and commitment fees, totaled $408,954. The company's net loss widened to $2,098,574 compared to $777,607 in the previous year. reAlpha's business development has been marked by strategic acquisitions, including AiChat, Hyperfast, and Be My Neighbor, enhancing its AI technologies and expanding its service offerings in mortgage brokerage and title services. Looking ahead, reAlpha plans to continue its growth strategy through further acquisitions and the development of its AI-powered homebuying platform, reAlpha, which aims to offer a commission-free, end-to-end solution for homebuyers.

reAlpha Tech Corp. (reAlpha) reported financial results for the quarter ended September 30, 2024. The company's revenue increased significantly to $339,227, a 475% rise from the same period last year, primarily driven by the integration of recent acquisitions in the technology services segment. Operating expenses also saw a substantial increase to $1,915,486, up 153% year-on-year, due to higher employee salaries and marketing costs associated with the reAlpha platform campaign. Other expenses, including interest and commitment fees, totaled $408,954. The company's net loss widened to $2,098,574 compared to $777,607 in the previous year. reAlpha's business development has been marked by strategic acquisitions, including AiChat, Hyperfast, and Be My Neighbor, enhancing its AI technologies and expanding its service offerings in mortgage brokerage and title services. Looking ahead, reAlpha plans to continue its growth strategy through further acquisitions and the development of its AI-powered homebuying platform, reAlpha, which aims to offer a commission-free, end-to-end solution for homebuyers.