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Dec 31, 2019
eXp World Q4 2019 Earnings Report
eXp World Holdings achieved positive earnings per share and revenue grew significantly.
Key Takeaways
eXp World Holdings reported its first profitable quarter since being listed on Nasdaq with a net income of $0.8 million. Quarterly revenue grew 82 percent and annual revenue grew 96 percent due to rapid agent growth.
Revenue increased 82% to $274 million compared to Q4 2018.
Gross profit grew 138% to $24.4 million compared to Q4 2018.
Net income was $0.8 million, or $0.01 per diluted share, compared to a net loss of $5.2 million in Q4 2018.
Cash flow from operations increased 182.5% to $15.4 million compared to Q4 2018.
Forward Guidance
eXp World Holdings anticipates continued expansion in revenue and gross profit into 2020. They expect eXp Realty to continue adding agents at levels above competing national brokerages and anticipate increased adoption of affiliated services. The prospects for VirBELA to become the definitive virtual world platform for business and education have expanded dramatically recently.
Positive Outlook
- Continued expansion in revenue
- Continued expansion in gross profit
- eXp Realty to continue adding agents at levels above competing national brokerages
- Increased adoption of affiliated services
- Prospects for VirBELA to become the definitive virtual world platform for business and education have expanded dramatically recently
Historical Earnings Impact
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Avg. Return Before/After Earnings
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