reAlpha Tech (NASDAQ:AIRE) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

reAlpha Tech (NASDAQ:AIRE) posted its quarterly earnings data on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Zacks reports. The company had revenue of $0.53 million during the quarter, compared to the consensus estimate of $0.67 million. reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%.

reAlpha Tech Stock Down 17.3%

NASDAQ:AIRE opened at $0.58 on Friday. reAlpha Tech has a 1 year low of $0.51 and a 1 year high of $4.49. The business has a 50 day simple moving average of $0.84 and a 200-day simple moving average of $1.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.