Core Viewpoint - reAlpha Tech Corp. is enhancing its customer engagement capabilities through the launch of AI-powered digital agents by its subsidiary AiChat Pte. Ltd., which includes Voice AI and Agentic AI technologies aimed at personalizing customer interactions [1][2][5] Company Developments - AiChat's AI Agents are designed to facilitate personalized customer interactions by remembering previous conversations and preferences, thereby delivering relevant recommendations [2] - The introduction of Voice AI allows businesses to engage with customers in a natural manner, handling complex queries in real-time with features like multi-language support and voice-cloning [3] - Agentic AI offers autonomous and adaptable interactions, enabling businesses to maintain brand consistency while improving customer loyalty and satisfaction through self-learning capabilities [4][5] Market Context - The global market for autonomous AI and agents is projected to reach $783.27 billion by 2037, indicating significant growth potential for companies like AiChat that are focusing on next-generation AI solutions [5] - MYDIN, a major retail chain in Malaysia, has successfully integrated AiChat's solutions, automating 74.7% of customer inquiries and improving customer service satisfaction by over 7% since January 2024 [6] Brand Evolution - AiChat is unveiling a refreshed brand identity that reflects its mission to innovate in AI-powered customer engagement, symbolized by a new logo that combines elements of AI creativity and human-like interaction [7][8] - The rebranding signifies AiChat's commitment to pioneering comprehensive, omnichannel customer experiences that integrate both text and voice interactions [8]

DUBLIN, Ohio, March 03, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces that its subsidiary, AiChat Pte. Ltd. (“AiChat”), is launching its AI-powered digital agents (the “AI Agents”), further enhancing its intelligent customer engagement capabilities. Next-Generation AI Capabilities: Elevating Customer Experiences AiChat’s AI Agents include Voi ...

Core Insights - reAlpha Tech Corp has announced the acquisition of GTG Financial, a mortgage brokerage, expanding its operational capacity and geographic footprint to 28 U.S. states [1][2][3] Company Overview - reAlpha Tech Corp is a real estate technology company focused on developing an AI-powered, commission-free homebuying platform aimed at simplifying the homebuying process [6][7] - GTG Financial, founded by Glenn Groves, is committed to transparency and customer service in helping individuals achieve homeownership [5] Acquisition Details - The acquisition of GTG Financial is part of reAlpha's strategy to enhance its mortgage operations and improve the home financing experience [2][3] - GTG Financial will maintain its brand identity while leveraging reAlpha's resources and AI platform to improve loan processing efficiency [3][4] Strategic Goals - The acquisition is expected to bolster reAlpha's operational capacity and expand its loan processing capabilities, allowing for more efficient mortgage lending and refinancing services [2][3] - Leadership from both companies emphasizes shared values and a commitment to driving long-term success in the real estate sector [4]

Core Insights - reAlpha Tech Corp has appointed Vijay Rathna as Chief Crypto Officer, effective February 20, 2025, to oversee blockchain and cryptocurrency initiatives [1][2][3] - The appointment signifies reAlpha's commitment to integrating blockchain technologies into its business model, with plans to provide updates by the end of Q1 2025 [2][3] Company Overview - reAlpha Tech Corp is a real estate technology company focused on developing an end-to-end commission-free homebuying platform, leveraging AI and an acquisition-led growth strategy [4] - The company's goal is to create a more affordable and streamlined experience for homebuyers [4] Leadership Background - Vijay Rathna has extensive experience in IT, AI, blockchain architecture, and cryptocurrency ecosystems, previously serving as Senior Vice President of Innovation and Development at Coretelligent [2] - He has led various projects, including a blockchain-based digital ticketing platform and a SEC-approved stable coin for a fintech company [2] Strategic Vision - The creation of the Chief Crypto Officer role positions reAlpha as one of the first Nasdaq-listed companies to establish such a position, highlighting its innovative approach to blockchain and digital assets [3] - Both the CEO and Mr. Rathna expressed enthusiasm about advancing reAlpha's blockchain initiatives and contributing to the digital transformation of the real estate sector [3]

Core Viewpoint - reAlpha Tech Corp. has appointed Piyush Phadke as Chief Financial Officer, effective January 30, 2025, to enhance its financial operations and support its growth strategy [1][3]. Company Overview - reAlpha Tech Corp. is a real estate technology company focused on developing an AI-driven, commission-free homebuying platform, aiming to provide a more affordable and streamlined experience for homebuyers [5]. Leadership Appointment - Piyush Phadke brings over 20 years of experience in finance and investment banking, having previously served as Managing Director at BTIG, LLC, and held senior positions at Jefferies LLC and Bank of America [2]. - Mr. Phadke's initial focus will be on optimizing reAlpha's capital structure and strengthening its balance sheet [3]. Strategic Goals - The company aims to leverage AI technologies to become a global leader in the real estate tech space, with Mr. Phadke's expertise expected to be instrumental in achieving its financial and operational objectives [3].

Core Insights - reAlpha Tech Corp has launched an enterprise version of its commission-free AI homebuying platform, targeting the $25 billion employee relocation market [1][4] - The platform aims to eliminate buy-side real estate commission expenses, allowing employees to save up to 3% on home purchases [1][4] - reAlpha Enterprise integrates essential services such as title, mortgage, and closing support, providing a comprehensive relocation ecosystem [2][3] Company Overview - reAlpha Tech Corp is a real estate technology company focused on developing AI technologies for homebuying, with a goal to streamline the process and reduce costs for consumers [8][9] - The company is positioned to benefit from recent shifts in the real estate sector, particularly the anticipated end of the standard six percent sales commission, which represents approximately $100 billion in realtor fees annually [4] Platform Features - The reAlpha platform offers a conversational interface powered by AI, named Claire, which assists homebuyers throughout the entire homebuying journey [10] - Claire utilizes over 400 data attributes to match buyers with properties and provides insights into market trends and property values [10] - The platform is currently available in 20 counties in Florida, with plans for expansion into more U.S. states as reAlpha seeks additional MLS and brokerage licenses [5]

Core Viewpoint - reAlpha Tech Corp. has approved a new investment policy to allocate up to 25% of its excess cash towards purchasing cryptocurrencies, specifically Bitcoin, Ethereum, and Solana, as part of its treasury reserve strategy [1][2][3] Group 1: Investment Strategy - The decision to adopt cryptocurrencies as primary treasury reserve assets aims to diversify reAlpha's treasury holdings, which currently consist solely of cash [2] - The allocation of funds towards cryptocurrencies will be contingent on market conditions and the company's operational needs, reflecting a commitment to innovative capital management [1][3] - The company plans to monitor its cryptocurrency holdings closely and adjust its allocation strategy in response to market conditions or regulatory changes [3] Group 2: Company Overview - reAlpha Tech Corp. is a real estate technology company focused on developing an AI-powered, commission-free homebuying platform [5][6] - The platform aims to provide a more affordable and streamlined experience for homebuyers, eliminating traditional barriers and fees associated with real estate transactions [7][9] - Currently, the reAlpha platform is available in 20 counties in Florida, with plans for expansion into more U.S. states [10]

DUBLIN, Ohio, Nov. 21, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces the acquisition of USRealty Brokerage Solutions, LLC (“US Realty”) and an investment into Unreal Estate Inc. (“Unreal”). In connection with the acquisition and investment, US Realty entered into a services agreement with a broker from Unreal Estate LLC to provide broker serv ...

Revenue Performance - Revenue for Q3 2024 was approximately $339,000, representing a 440% increase from Q2 2024 and a 475% increase year-over-year[1][2] - Revenue exceeded the high end of the guidance by 274%[2] - Revenues for the three months ended September 30, 2024, were $339,227, compared to $59,022 for the same period in 2023, representing a growth of 474%[18] - For Q4 2024, revenue is expected to grow by 130% to 190% from Q3 2024[3] Financial Position - Cash and cash equivalents were approximately $7.07 million as of September 30, 2024[2] - Total assets as of September 30, 2024, were approximately $34.19 million, up from $27.42 million as of December 31, 2023[17] - Cash at the end of the period on September 30, 2024, was $7,076,877, compared to $669,880 at the end of the same period in 2023[21] - Proceeds from the issuance of debt for the nine months ended September 30, 2024, amounted to $5,000,000[21] Loss and Expenses - Net loss for Q3 2024 was approximately $(2.10) million, with adjusted EBITDA at approximately $(1.36) million, a decrease of 19% from Q2 2024 and an 86% decrease year-over-year[2] - Operating loss for the three months ended September 30, 2024, was $(1,689,620), compared to $(728,839) for the same period in 2023, reflecting a deterioration of 132%[18] - Net loss for the nine months ended September 30, 2024, was $(4,995,931), compared to a net income of $3,011,936 for the same period in 2023[21] - Total cash used in operating activities for the nine months ended September 30, 2024, was $(3,806,090), compared to $(2,825,315) for the same period in 2023[21] - The company reported a significant increase in marketing and advertising expenses, totaling $451,103 for the nine months ended September 30, 2024, compared to $177,645 for the same period in 2023[18] Adjusted EBITDA and Net Income - Adjusted EBITDA is used by the company to evaluate ongoing operations, although it is a non-GAAP financial measure[23] - Adjusted EBITDA for the three months ended September 2024 was $(1,253,907), an increase in loss from $(731,700) in the prior year[25] - Net income per share, diluted, for the nine months ended September 2024 was $(0.09), compared to $(0.06) in the same period of 2023[25] - The company reported a net income used to compute net income per share, diluted, of $(1,447,420) for the three months ended September 2024[26] Acquisitions and Investments - The acquisition of Be My Neighbor, a mortgage brokerage, was completed, expanding reAlpha's real estate services[5] - The acquisition of AiChat expanded reAlpha's global presence to 10 countries and enhanced user experience on the platform[8] - reAlpha AI Labs was established to invest in AI startups, with the first investment made in Xmore AI[7] - The company issued shares to settle notes payable in the myAlphie sale, totaling 150,000 shares[22] Other Financial Metrics - Share-based compensation for the three months ended September 2024 amounted to $113,037, compared to $356 in the same period of 2023[26] - Acquisition-related expenses for the three months ended September 2024 totaled $178,678, compared to $103,519 in the same period of 2023[26] - GEM commitment fee incurred was $125,000 for the three months ended September 2024[26] - Gain on previously held equity for the three months ended September 2024 was $108,382, compared to a loss of $(20,663) in the same period of 2023[26] - Depreciation and amortization for the three months ended September 2024 was $163,439, compared to $14,628 in the same period of 2023[25] Operational Performance - The company aims to provide a clearer view of ongoing operational performance by excluding certain non-cash expenses and non-operational items from GAAP financial measures[27][28]

DUBLIN, Ohio, Nov. 12, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company,” “reAlpha,”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights: Revenue was approximately $339,000 for the three months ended September 30, 2024, an increase of approximately 440% from the quarter ended June 30, 2024, and a 475% increase y ...