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BELLINGHAM, Wash. - eXp Realty, the real estate brokerage subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), announced a significant addition to their team with the signing of HGTV star and Nashville-based real estate expert Kortney Wilson. Known for her success in home renovation and design, Wilson is set to enhance her global business presence through eXp’s agent-centric model. According to InvestingPro data, eXp World Holdings maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 1.44, indicating solid operational stability.
Wilson, celebrated for her role in "Masters of Flip" and "Making It Home," has made a name for herself by flipping over 150 homes and establishing a strong brand in the home design and renovation industry. Her partnership with eXp Realty aims to utilize the brokerage’s international network to expand her referral business and share her design acumen with a broader client base. The company generated impressive revenue of $4.57 billion in the last twelve months, with analysts expecting profitable performance this year, as revealed in InvestingPro’s comprehensive analysis.
In a statement, Wilson expressed her enthusiasm for eXp’s collaborative and supportive environment, which she believes will help her grow her business in alignment with her personal goals. eXp Realty’s CEO, Leo Pareja, welcomed Wilson, citing her expertise and entrepreneurial spirit as ideal for the company’s innovative platform designed to support agents in scaling their operations globally.
Wilson’s business ventures extend beyond real estate. She is also growing her brand with the Kort & Co. furniture line, an upcoming television show titled "Life Is Messy," and a new podcast, "The Sht Stick of Life." She plans to leverage eXp’s resources to enhance her offerings and bring unique value to her clients, applying her design expertise to increase home values.
eXp World Holdings, Inc. operates as a cloud-based brokerage, harnessing FrameVR.io technology to provide immersive 3D platforms for agents to connect and work productively. The company boasts a global footprint, with over 82,000 agents across multiple countries and a commitment to offering real estate professionals opportunities to earn equity awards. Recent market analysis from InvestingPro indicates the stock is currently trading near its Fair Value, with 17 additional ProTips available to subscribers, including detailed insights on the company’s financial health and market position.
This move by Wilson represents a strategic alignment with eXp Realty’s mission to empower agents and expand their reach in the international real estate market. The information is based on a press release statement from eXp World Holdings, Inc.
In other recent news, eXp World Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $1.1 billion, which exceeded forecasts of $1.03 billion by 6.8%. The company achieved a full-year revenue growth of 7% year-over-year, totaling $4.6 billion. Despite a challenging market, eXp World Holdings managed a positive adjusted EBITDA of $7.7 million for the quarter, a significant improvement from the expected $2 million loss. DA Davidson maintained a Neutral rating on eXp World Holdings, with a price target of $13.50, following these financial results. The firm noted concerns about agent retention, as the company experienced a decrease in its domestic agent count, overshadowing international gains. The company plans to expand to over 60 countries in the next five years and is investing in AI to enhance operational efficiency. Additionally, eXp World Holdings is focusing on attracting productive agents and improving its value stack to support agent growth and retention.
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