reAlpha Tech Corp., a real estate technology company, focuses on developing, utilizing, and commercializing real-estate focused artificial intelligence (AI). The company operates in two segments, Platform Services and Rental Business. The Platform Services segment offers and develops AI-based products and services to customers in the real-estate industry. The Rental Business segment focuses on purchasing properties for syndication, which is powered by its platform services technologies. The company was formerly known as reAlpha Asset Management Inc. and changed its name to reAlpha Tech Corp. in March 2023. reAlpha Tech Corp. was incorporated in 2021 and is based in Dublin, Ohio.
Company profile
Ticker
AIRE
Exchange
CEO
Mr. Giri Devanur
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Snowflake Computing, Inc.
SEC CIK
Corporate docs
IRS number
863425507
AIRE stock data
Latest filings (excl ownership)
424B3
Prospectus supplement
9 Sep 24
8-K
Entry into a Material Definitive Agreement
9 Sep 24
424B3
Prospectus supplement
21 Aug 24
8-K
Departure of Directors or Certain Officers
21 Aug 24
424B3
Prospectus supplement
20 Aug 24
8-K
Regulation FD Disclosure
20 Aug 24
8-K
NAR Rule Changes - reAlpha’s Growth Opportunities
19 Aug 24
424B3
Prospectus supplement
15 Aug 24
8-K
New research and development initiative empowers startups with potential funding and strategic partnerships
15 Aug 24
424B3
Prospectus supplement
15 Aug 24
Latest ownership filings
3
William B Miller
22 Aug 24
4
Michael Charles Frenz
14 Jun 24
4
Dimitrios Angelis
14 Jun 24
4
Balaji Swaminathan
14 Jun 24
SC 13G
Karkaria Monaz
12 Feb 24
SC 13G
Devanur Giri
12 Feb 24
3
Michael Charles Frenz
6 Feb 24
3
Monaz Karkaria
20 Oct 23
3
Michael J. Logozzo
20 Oct 23
3
Jorge Aldecoa
20 Oct 23
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Oct 23 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | |||
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.68 mm | 3.68 mm | 3.68 mm | |||
Cash burn (monthly) | 385.27 k | 492.77 k | 492.77 k | |||
Cash used (since last report) | 1.13 mm | 1.45 mm | 1.45 mm | |||
Cash remaining | 2.55 mm | 2.23 mm | 2.23 mm | |||
Runway (months of cash) | 6.6 | 4.5 | 4.5 |
Institutional ownership, Q1 2024
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 3 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 24.22 mm |
Total shares | 19.85 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Gerber | 19.00 k | $23.18 mm |
Umb Bank N A | 600.00 | $732.00 k |
Larson Financial | 250.00 | $305.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 May 24 | Angelis Dimitrios | Common Stock | Grant | Acquire A | No | No | 0 | 49,505 | 0.00 | 49,505 |
16 May 24 | Balaji Swaminathan | Common Stock | Grant | Acquire A | No | No | 0 | 49,505 | 0.00 | 49,505 |
16 May 24 | Frenz Michael Charles | Common Stock | Grant | Acquire A | No | No | 0 | 10,000 | 0.00 | 10,000 |
News
reAlpha Tech Reports Acquisition Of Mortgage Brokerage Company Be My Neighbor; No Terms Disclosed
9 Sep 24
reAlpha Tech Has Launched reAlpha AI Labs, Research And Development Initiative To Develop, Partner With And Potentially Invest In AI Startups
15 Aug 24
ReAlpha Tech Corp Q2 EPS $(0.03) Down From $0.11 YoY, Sales $62.35K Up From $54.83K YoY
15 Aug 24
reAlpha Tech Acquires 85% Of Outstanding Equity In AiChat Pte. Ltd.; To Acquire Remaining 15% On June 30, 2025; Total Purchase Price Is $1.14M
15 Jul 24
Press releases
With The Effective End Of The 6% Real Estate Commission Standard, reAlpha's AI-Powered Homebuying Platform Hopes To Shake Up The Industry
12 Sep 24
reAlpha Acquires Mortgage Brokerage Company Be My Neighbor
9 Sep 24
Landmark Real Estate Lawsuit Just Changed the Rules – This RE Tech Company May Have The Perfect Solution
29 Aug 24
reAlpha Appoints Former CFO of KKR Real Estate Finance Trust as CFO
21 Aug 24
reAlpha Launches AI-Powered Real Estate Super App™ on Tailwinds of Effectiveness of NAR Rule Changes on August 17, 2024
20 Aug 24