CELEBRATION, FL - La Rosa Holdings Corp. (NASDAQ: LRHC), a real estate holding company, announced the appointment of Lourdes Felix to its Board of Directors. Felix, who brings 30 years of experience in finance and corporate management, will also serve as the Chairperson of the Audit Committee and a member of the Compensation and Nominating and Corporate Governance Committees.
With a background that includes CEO and CFO roles at BioCorRx Inc. (OTCQB: BICX), Felix is recognized for her expertise in finance, accounting, and compliance with GAAP, SEC, and Sarbanes-Oxley Act regulations. Her appointment to La Rosa's board is part of the company's strategic plan to enhance financial strategies and operational processes, as stated by Joe La Rosa, CEO of the company.
Felix expressed her enthusiasm for joining the board and contributing to La Rosa's growth, highlighting the company's innovative revenue share and fee-based models for agents. She is committed to aiding the company in achieving its target annualized revenue run rate of $100 million by the end of 2024.
La Rosa Holdings operates through a cloud-based, multi-service real estate platform, offering residential and commercial brokerage services, franchising, and educational services to agents. The company's model prioritizes agent empowerment and currently includes 21 corporate offices and 16 franchised branches across the U.S. and Puerto Rico.
The information in this article is based on a press release statement.
InvestingPro Insights
As La Rosa Holdings Corp (NASDAQ: LRHC) welcomes Lourdes Felix to its board, investors might be curious about the company's financial health and market performance. While the article focuses on La Rosa's strategic moves, let's take a closer look at some real-time data from InvestingPro to get a better understanding of the company's current market position.
InvestingPro data shows that La Rosa Holdings Corp has a market capitalization of $3.42 million, indicating its size within the market. Despite its ambitions, the company's P/E Ratio stands at -0.19, reflecting its current lack of profitability over the last twelve months. This is further emphasized by its negative Price to Book ratio of -0.27 for the same period, suggesting that the market values the company less than its net asset value.
InvestingPro Tips highlight that ALBT, the ticker representing La Rosa Holdings Corp, has experienced a significant return over the last week, with a 14.04% price total return. However, it's important to note that the stock has been subject to high price volatility, which could be a factor for investors to consider when evaluating the risk associated with this stock.
For those looking to delve deeper into the financials and forecasts for La Rosa Holdings Corp, InvestingPro offers additional tips and analysis. There are 9 more InvestingPro Tips available, which can be accessed through the InvestingPro platform. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and explore the comprehensive insights that could guide your investment decisions.
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