Organic Revenue Growth
The company reported meaningful growth in organic revenues, contributing to the expansion of market share and improved financial results.
Launch of Relay Auto Leasing
Launched Relay Auto Leasing, a new service allowing agents to offer vehicle leasing, integrated into the agent dashboard, and providing a new revenue stream.
Spatner Associates Acquisition
Nearing completion of the Spatner Associates acquisition, which is expected to double revenue and significantly increase EBITDA.
Increase in Commission Income
Commission income increased by $154,000 (4%) to $4.2 million in Q1 2025 from $4.1 million in Q1 2024.
Reduction in Net Loss
Net loss decreased by $3.6 million (68%) to $1.7 million in Q1 2025 from $5.3 million in Q1 2024.
Improvement in EBITDA
Adjusted EBITDA improved by 300%, from a loss of $74,000 in Q1 2024 to a gain of $145,000 in Q1 2025.