reAlpha Tech 10-Q: Revenue $0.84M, EPS $(0.03)
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reAlpha Tech reported quarterly revenue of $0.841 million, down from $0.926 million a year earlier, with a net loss of $4.338 million or $(0.03) per share. The gross margin improved to 66% due to lower costs. The company is transitioning to a platform-focused model, expanding AI services and homebuying operations across 35 states. Operating expenses rose to $4.833 million, contributing to the net loss. The integration of Prevu and reAlpha Mortgage was completed, with plans for a merger to enhance lending capabilities.
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