Financials | National Investor Network

Virtual Broker eXp Realty Turns a Profit in the 4th Quarter of 2019, Its First Since Its IPO

Written by Jeff Mindham | Mar 13, 2020 1:30:35 AM

eXp Realty saw revenues during the 4th quarter of 2019 increase by 82%, which helped them, for the first time, turn a profit of $800,000. The company had a net loss of $5.2 million during the same quarter in 2018.

Glenn Sanford, CEO of eXp Realty said, “One advantage in the current environment is our virtual working space that supports our seamless operation…and eliminates the need for brick-and-mortar offices.”