reAlpha Tech Corp. reported Q2 2024 financial results with revenue of $62,353, marking a 205% increase QoQ and 13.6% YoY growth. The company recorded a net loss of $1.48 million, with cash and equivalents of $3.7 million as of June 30, 2024. The quarter was highlighted by the launch of Claire, their AI-powered commission-free home buying platform, and the completion of Naamche acquisition, adding 43 tech professionals to their team.The company is strategically positioning itself to capitalize on the National Association of Realtors' $418 million antitrust settlement, which will eliminate the standard 6% sales commission. Through the Naamche acquisition completed on May 6, 2024, reAlpha strengthened its AI development capabilities, expanding from 15 to 57 full-time employees.Looking ahead, reAlpha projects 140-170% revenue growth for Q3 2024 compared to Q2. The company is focusing on integrating recent acquisitions including AiChat and Hyperfast Title, while continuing to invest in AI technologies and pursuing strategic acquisitions to drive growth.

reAlpha Tech Corp. reported Q2 2024 financial results with revenue of $62,353, marking a 205% increase QoQ and 13.6% YoY growth. The company recorded a net loss of $1.48 million, with cash and equivalents of $3.7 million as of June 30, 2024. The quarter was highlighted by the launch of Claire, their AI-powered commission-free home buying platform, and the completion of Naamche acquisition, adding 43 tech professionals to their team.The company is strategically positioning itself to capitalize on the National Association of Realtors' $418 million antitrust settlement, which will eliminate the standard 6% sales commission. Through the Naamche acquisition completed on May 6, 2024, reAlpha strengthened its AI development capabilities, expanding from 15 to 57 full-time employees.Looking ahead, reAlpha projects 140-170% revenue growth for Q3 2024 compared to Q2. The company is focusing on integrating recent acquisitions including AiChat and Hyperfast Title, while continuing to invest in AI technologies and pursuing strategic acquisitions to drive growth.