reAlpha Tech Corp. reported Q3 2024 revenue of $339,227, a 475% increase from $59,022 in Q3 2023, driven by recent acquisitions in its technology services segment. The growth was primarily attributed to its AI conversational platform and mortgage brokerage services, which generated $92,595 and $183,128 respectively. However, operating loss expanded to $1.69 million from $729,000 year-over-year.Operating expenses rose 153% to $1.92 million, mainly due to increased headcount from acquisitions resulting in $507,501 higher salaries, $212,386 in marketing costs for the reAlpha platform, and $210,670 in acquisition-related professional fees. The company's rental business segment remained paused due to unfavorable macroeconomic conditions.As of September 30, 2024, the company held $7.08 million in cash, up from $6.46 million at 2023 year-end. Management noted that current working capital is insufficient for the next 12 months and is evaluating additional financing options. The company completed strategic acquisitions of AiChat, Hyperfast Title and Be My Neighbor during Q3 to enhance its AI-powered homebuying platform capabilities.

reAlpha Tech Corp. reported Q3 2024 revenue of $339,227, a 475% increase from $59,022 in Q3 2023, driven by recent acquisitions in its technology services segment. The growth was primarily attributed to its AI conversational platform and mortgage brokerage services, which generated $92,595 and $183,128 respectively. However, operating loss expanded to $1.69 million from $729,000 year-over-year.Operating expenses rose 153% to $1.92 million, mainly due to increased headcount from acquisitions resulting in $507,501 higher salaries, $212,386 in marketing costs for the reAlpha platform, and $210,670 in acquisition-related professional fees. The company's rental business segment remained paused due to unfavorable macroeconomic conditions.As of September 30, 2024, the company held $7.08 million in cash, up from $6.46 million at 2023 year-end. Management noted that current working capital is insufficient for the next 12 months and is evaluating additional financing options. The company completed strategic acquisitions of AiChat, Hyperfast Title and Be My Neighbor during Q3 to enhance its AI-powered homebuying platform capabilities.