eXp Realty News

  • eXp Commercial Partnership With Reonomy Will Enhance Property Intelligence Resources for Agents and Brokers
    on April 15, 2021 at 1:00 pm

    eXp Commercial agents and brokers to gain access to cutting-edge technology stack and unique data insights eXp Commercial Partnership With Reonomy Will Enhance Property Intelligence Resources for Agents and Brokers eXp Commercial agents and brokers to gain access to cutting-edge technology stack and unique data insights BELLINGHAM, Wash., April 15, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), one of the world’s fastest-growing residential and commercial real estate companies, today announced a partnership between eXp Commercial and Reonomy that will enhance property intelligence and technology stack offerings for eXp Commercial agents. Reonomy provides actionable commercial real estate (CRE) insights, using artificial intelligence and machine learning to fuel business decisions. The partnership between eXp Commercial and Reonomy empowers eXp Commercial agents with robust and accurate CRE insights that guide prospecting strategies. Access to Reonomy’s web application will be included in eXp Commercial’s base membership fee, providing advanced technology for commercial agents and brokers. “We are thrilled to partner with Reonomy to empower our commercial agents with unparalleled data and insights,” said James Huang, President, eXp Commercial. “At eXp, we’re committed to providing our agents with the best resources available to lead and succeed in the real estate industry. Reonomy’s data and insights will help drive smarter, more efficient business decisions for commercial agents and ultimately help them be even more successful.” Through the company’s unique financial model, eXp Commercial offers commercial real estate agents compelling incentives, such as one of the most competitive commission packages in the real estate industry and opportunities to earn stock awards. eXp Commercial agents and eXp Realty agents can collaborate for referrals, leverage proprietary marketing resources and scale their business using eXp’s technology platform. Currently, agents can sign up to sell commercial properties with eXp Commercial in 44 U.S. states. “Our partnership with Reonomy highlights our shared values around innovation and allows us to provide commercial real estate brokers with the most up-to-date and accurate data available in one place,” said Stephanie Gilezan, Director, eXp Commercial brokerage operations. “We’re also pleased to offer our agents Reonomy’s propensity model, ‘Likely to Sell,’ which informs agents of likely listings, enabling agents to get ahead and target business. We’re excited to help our agents increase efficiency and unlock valuable data through this partnership.” “Reonomy is excited to partner with eXp Commercial, whose compelling value proposition and revenue-sharing model means it is poised for rapid growth,” said Bill Okun, CEO at Reonomy. “We pride ourselves in bringing innovation to the commercial real estate industry, and eXp Commercial is a natural partner with its cloud-based, technology-driven platform.” eXp Commercial is offering a free commercial real estate training and certification program for all licensed agents — whether they are with eXp or not. The training program, “An Introduction to Commercial Real Estate,” will take place April 26-30 on the company’s virtual campus, eXp World. It will be facilitated by Michael Simpson of the National Commercial Real Estate Association (NCREA). For more information about eXp Commercial, please visit www.expcommercial.com. About eXp World Holdings, Inc.eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela, and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 51,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy and Hong Kong and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com/. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0f0098-a393-4d15-9acb-cbbe23783068

  • SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of eXp World Holdings, Inc. (EXPI)
    on April 13, 2021 at 5:34 pm

    New York, New York--(Newsfile Corp. - April 13, 2021) - Levi & Korsinsky announces it has commenced an investigation of eXp World Holdings, Inc. (NASDAQ: EXPI) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/exp-world-holdings-inc-information-request-formor contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington ...

  • eXp World Holdings Announces Seventh Annual Shareholder Summit
    on April 12, 2021 at 1:00 pm

    Event features Jason Dorsey, Grant Cardone, Swan Sit, Brooke Baldwin, Jamie Kern Lima, John Salley, Rory Vaden, Tim Storey and Gina Bianchini eXp World Holdings Announces Seventh Annual Shareholder Summit Event features Jason Dorsey, Grant Cardone, Swan Sit, Brooke Baldwin, Jamie Kern Lima, John Salley, Rory Vaden, Tim Storey and Gina Bianchini BELLINGHAM, Wash., April 12, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises, will host its seventh annual eXp Shareholder Summit May 17-21, 2021 for current and potential shareholders. For the second year in a row, the event will be virtual. Guests attending The eXp Shareholder Summit will receive an update on eXp World Holdings, Inc. and its companies, and will have the opportunity to meet company leadership and members of the board of directors as well as eXp Realty agents, brokers and partners. In addition, compelling content will be provided to empower agents to run sustainable and productive businesses. Shareholders will also have an opportunity to vote on the matters up for shareholders’ vote. Over 25,000 eXp Realty agents, shareholders and guests from around the world are expected to gather on the new EXPI Campus, where Founder, CEO and Chairman Glenn Sanford and members of the company leadership team will provide an update on eXp’s financials and future outlook. The following speakers are headlining the event: Jason Dorsey is president of The Center for Generational Kinetics and a pioneering Generation Z, millennial and generations keynote speaker and researcher. He is on a mission to separate generational myth from truth through data to solve strategic challenges for leaders. Dorsey’s latest bestselling book “Zconomy: How Gen Z Will Change the Future of Business – and What to Do About It” was a No. 1 New Release on Amazon and Top 10 Business Book of 2020 on Forbes. Grant Cardone is chief executive officer of Grant Cardone Enterprises and Cardone Capital, as well as an international speaker, entrepreneur, author of “The 10X Rule” and creator of 21 bestselling business programs. Cardone owns and operates seven privately held companies and a $2 billion portfolio of multifamily properties. Named the No. 1 Marketing Influencer to Watch by Forbes Magazine, Cardone is also the founder of The 10X Movement and The 10X Growth Conference, the world’s largest business and entrepreneur conference. Swan Sit is one of Brand Innovators’ 40 under 40 and Marketing Women to Watch. She serves as independent board director for two publicly traded companies and operating partner at AF Ventures and their newly launched SPAC (AFAQ). Sit is the former head of digital at Nike, Revlon and Estée Lauder and is the CMO of Ani Energy, a new energy drink company launched by TikTok stars Josh Richards and Bryce Hall. She connects with millions of followers daily on the audio-only social platform Clubhouse, where she is one of the top 30 most followed thought leaders. Brooke Baldwin is a Peabody Award finalist, CNN Newsroom anchor and author of the new book “Huddle: How Women Unlock Their Collective Power” (HarperCollins). She is also the creator and host of CNN's digital series "American Woman," which focuses on the stories of trailblazing women who have broken barriers in their respective fields and are helping other women do the same. After 13 years at CNN, Baldwin will be leaving the network in mid-April to focus on amplifying the lives of extraordinary Americans and storytelling. Jamie Kern Lima is the founder of IT Cosmetics, a company she started in her living room and sold to L’Oréal in a billion-dollar deal, becoming the first female CEO of a L’Oréal brand. Lima is the author of “Believe IT: How to Go From Underestimated to Unstoppable,” a No. 1 Wall Street Journal, No. 1 Amazon, No. 1 Publisher’s Weekly, No. 1 Barnes & Noble, New York Times and USA Today bestseller. She is on the Forbes Richest Self-Made Women list and has donated more than $40 million in products and funds to help women face the effects of cancer. She is donating her author proceeds for “Believe IT” to Feeding America and Together Rising. John Salley is a 15-year NBA veteran and the first NBA player to win four championships with three different teams. He leads his own production company and has hosted awards shows, as well as reunion shows of VH1’s “Basketball Wives.” He is involved with Operation Smile, PETA and the fight against diabetes. As a wellness advocate, one of Salley’s missions is to educate people on the benefits of a plant-based diet. Rory Vaden is a world-leading expert in the psychology of ultra-performance. Vaden’s pioneering concept of multiplying time resulted in a TEDx talk with millions of views and has revolutionized the way that leaders think about time and make decisions. His first book “Take the Stairs” is a No. 1 Wall Street Journal, No. 1 USA Today, No. 2 New York Times and Amazon bestseller. Vaden also serves as entrepreneurship editor on the editorial board of SUCCESS magazine. Tim Storey is an acclaimed author, speaker and life coach known for inspiring and motivating people of all walks of life, from entertainment to executives, celebrities and athletes, to adults and children in the most deprived neighborhoods in the U.S. Tim has visited 75 countries and has spoken to millions of people. Gina Bianchini is the Founder & CEO of Mighty Networks. Her mission at Mighty Networks is to usher in a new era of creative business built on community. Before Mighty Networks, she was CEO of Ning, which she co-founded with Marc Andreessen. Gina has been featured on the cover of Fortune and Fast Company and in Wired, Vanity Fair, Bloomberg, and The New York Times. She has appeared on Charlie Rose, CNBC, and CNN. The eXp Shareholder Summit will feature 90 breakout sessions and a live set by DJ Jazzy Jeff, a record producer, songwriter and former member of “DJ Jazzy Jeff and the Fresh Prince.” eXp will also host an XCamp agent workshop, Trivia Night and an EXPO Hall where guests can network and visit booths such as ONE eXp, eXp Partners, eXp Brand Store and eXp Life. To register for the eXp Shareholder Summit and receive information on how to access the new EXPI Campus, visit https://expshareholdersummit.com/. The eXp Shareholder Summit will also broadcast at expworldholdings.com/expshareholdersummit2021. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 50,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy and Hong Kong and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f90a499-309c-4ec6-bbfb-435d2009a0e5

  • SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating eXp World Holdings, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
    on April 12, 2021 at 11:40 am

    Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of eXp World Holdings, Inc. (NASDAQ: EXPI).

  • Why eXp World Holdings Stock Sank 24.6% in March
    on April 5, 2021 at 9:00 pm

    Shares of eXp World (NASDAQ: EXPI) slumped 24.6% in March, according to data from S&P Global Market Intelligence. The company published its fourth-quarter and full-year results on March 11, with sales and net income arriving in line with the preliminary figures, but the market responded positively to business updates and guidance. The tech stock made substantial gains following the release, likely due to business updates and guidance indicating continued momentum.

  • eXp World Holdings Inks Deal With ‘Undercover Billionaire’ Grant Cardone to Deliver Personal and Professional Development Content
    on March 31, 2021 at 8:00 pm

    eXp Realty Agents Will Gain Access to Sales Training From the Author of The 10X Rule® eXp World Holdings Inks Deal With ‘Undercover Billionaire’ Grant Cardone to Deliver Personal and Professional Development Content eXp Realty Agents Will Gain Access to Sales Training From the Author of The 10X Rule® BELLINGHAM, Wash., March 31, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI) (“eXp”), the holding company for eXp Realty, LLC (“eXp Realty”), eXp World Technologies, LLC d/b/a Virbela (“Virbela”) and SUCCESS® Enterprises LLC (“Success”), today announced it has tapped Grant Cardone to build dynamic content for its robust sales training to agents and members of its digital platform. Cardone’s content will complement eXp’s industry-leading training; eXp currently offers more than 50 hours of live virtual training every week to its agents. eXp strives to provide its agents the best resources available to lead and succeed in the real estate industry. In furtherance of that mission, eXp has engaged Cardone Training Technologies, Inc. and its CEO, Grant Cardone, a New York Times best-selling author, star in Discovery Channel’s “Undercover Billionaire” reality show, recognized industry sales training expert, social media influencer and motivational speaker, to develop education and training programs for use across all eXp brands. eXp Realty agents will also have access to Cardone University® assets. Cardone will headline at eXp events, including the 2021 eXp Shareholders Summit and 2021 EXPCON, which are open to current and prospective agents and investors. Additional training opportunities are in development. “At eXp Realty, we’re committed to investing in our network of over 50,000 agents with the best tools and resources to be successful,” said eXp World Holdings Founder, CEO and Chairman, Glenn Sanford. “Having Grant as an extension of the eXp Realty agent development team along with the tools, challenges and mastermind opportunities that Grant and his organization has developed, we will be providing new ways for agents to ‘10X’ their mindset and their overall businesses.” For his part, Cardone understood the value of working with one of the fastest-growing real estate companies in the world. With the explosive growth of eXp Realty, the opportunity to exercise his 10X Movement® is limitless. “As soon as I met Glenn and saw the growth of his company, I knew I wanted to be part of eXp in some way,” said Cardone. “Getting a chance to share my 10X Movement with real estate agents that are some of the most driven I have ever seen is what motivates me the most.” About eXp World Holdings, Inc.eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 50,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy and Hong Kong and continues to scale internationally. As a publicly traded company, eXp provides real estate professionals the unique opportunity to earn equity awards for achieving production goals and for contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development resources. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com/. Safe Harbor StatementThe statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact:eXp World Holdings, [email protected] Investor Relations Contact:MZ Group – MZ North [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ff9ec0ca-c7ab-4d47-bb38-1caeae71437b

  • INVESTIGATION ALERT: Fields Kupka & Shukurov LLP Is Investigating eXp World Holdings, Inc. for Potential Breach of Fiduciary Duty Claims
    on March 31, 2021 at 12:00 pm

    NEW YORK, NY / ACCESSWIRE / March 31, 2021 / Fields Kupka & Shukurov LLP is investigating potential breach of fiduciary duty claims involving the board of directors of eXp World Holdings, Inc.If you are a shareholder of eXp World Holdings, Inc.

  • eXp Realty Exceeds 50,000 Real Estate Agents Globally Following Record-Breaking Financial Results
    on March 30, 2021 at 4:00 pm

    Milestone Represents 75% Year-over-year Agent Growth eXp Realty Exceeds 50,000 Real Estate Agents Globally Following Record-Breaking Financial Results Milestone Represents 75% Year-over-year Agent Growth BELLINGHAM, Wash., March 30, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies, today announced that it has exceeded 50,000 agents globally. This represents a year-over-year increase of more than 75% when compared to 28,449 agents at the end of Q1 in 2020. “Our growth trajectory is a huge validation of our agent-centric value proposition,” said Jason Gesing, Chief Executive Officer of eXp Realty. “Agents are drawn to our innovative, cloud-based model with clear financial incentives and unrivaled technology and training. We are grateful to our incredible agents for championing the platform and helping us transform the real estate industry for agents and consumers alike. We’re thrilled to enter the second quarter having achieved this critical milestone.” This achievement follows eXp’s record 2020 financial results in which revenue increased 84% year-over-year to $1.8 billion. Agent growth in 2020 also increased at a rapid pace. The number of agents and brokers who joined eXp last year increased 63% to 41,313 compared to 25,423 at the end of 2019. Along with its record-breaking financial results and agent growth in 2020, eXp Realty also expanded into five new international locations, including France, Portugal, Mexico, India and South Africa. By the end of the second quarter of 2021, eXp will have a presence in 16 countries. Additionally, for the fourth consecutive year, agents and employees named eXp Realty a best place to work in Glassdoor’s 2021 Employees’ Choice Awards among U.S. large businesses. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 50,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy and Hong Kong and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2404f637-82ba-49d0-aa15-60aa15a8411b

  • eXp World Holdings Expands Real Estate Operations Into Hong Kong
    on March 30, 2021 at 10:00 am

    One of the Fastest-growing Global Real Estate Companies Extends its Footprint In Asia, With the Opening of Hong Kong eXp World Holdings Expands Real Estate Operations Into Hong Kong One of the Fastest-growing Global Real Estate Companies Extends its Footprint In Asia, With the Opening of Hong Kong BELLINGHAM, Wash., March 30, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing real estate companies in the world, has expanded into Hong Kong, under the eXp Hong Kong banner. In addition to its robust U.S. presence, eXp Realty also operates in 11 other countries and locations, including Australia, Brazil, Canada, France, India, Italy, Mexico, Portugal, Puerto Rico, South Africa and the United Kingdom, with more than 50,000 agents across the globe. eXp Realty’s worldwide expansion is being led by Michael Valdes, President of eXp Global and an international real estate veteran with experience opening markets around the world. “Hong Kong is globally recognized as a leading multicultural center of international trade and finance,” said Valdes. “As one of the most dynamic real estate markets in the world, it is an ideal fit for our model. We’re thrilled to empower real estate professionals in Hong Kong to grow their businesses and transform their communities.” eXp Hong Kong’s brokerage operations will be led by Kingly Choi, Managing Director and Broker, eXp Hong Kong. Choi comes to eXp with more than 15 years of experience in various Asian real estate markets. “The launch of eXp Hong Kong is an agent-centric shift for the real estate industry,” said Kingly. “As the Hong Kong real estate market continues to evolve, the eXp model will lend well to agents and brokers seeking a rewarding model, while ultimately benefiting the end consumer. We are already seeing tremendous interest in the eXp platform, and we look forward to setting a new industry standard.” Hong Kong represents one of the four markets that eXp Global has identified for expansion during the first quarter of 2021. Puerto Rico, Brazil, and Italy have already opened eXp operations in the first quarter of 2021. eXp has recently announced three additional countries to be launched in the second quarter of 2021, including Colombia, Spain and Israel. eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond attractive commissions to provide its agents with an opportunity to earn additional income by helping the company to grow its revenue base anywhere in the world. Agents can also earn equity in eXp World Holdings stock for listing and selling activities. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative platform, enabling agents and staff to communicate, meet and conduct business in a virtual world. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 50,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Italy, Mexico, Portugal, France, Puerto Rico, Brazil, Italy and Hong Kong and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com/. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact:eXp World Holdings, [email protected] Hong Kong Media Relations Contact:eXp Hong [email protected] Investor Relations Contact:MZ Group – MZ North [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3e77cf2-ea6a-4475-8a2d-3a2c47786349

  • eXp World Holdings Expands Real Estate Operations Into Italy
    on March 23, 2021 at 12:00 pm

    One of the Fastest-growing Global Real Estate Companies Extends its Footprint In Continental Europe, With the Opening of eXp Italy eXp World Holdings Expands Real Estate Operations Into Italy One of the Fastest-growing Global Real Estate Companies Extends its Footprint In Continental Europe, With the Opening of eXp Italy BELLINGHAM, Wash., March 23, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing real estate companies in the world, has expanded into Italy, under the eXp Italy banner. In addition to its robust U.S. presence, eXp Realty also operates in 10 other countries and locations, including Australia, Brazil, Canada, France, India, Mexico, Portugal, Puerto Rico, South Africa and the United Kingdom, with more than 49,000 agents across the globe. eXp Realty’s worldwide expansion is being led by Michael Valdes, President of eXp Global and an international real estate veteran with experience opening markets around the world. “In the midst of a shifting global market due to COVID-19, our company and global regions have seen unprecedented growth. As we continue to expand throughout continental Europe, we are thrilled to introduce the eXp model and culture to Italy, a country in which we have already registered substantial interest,” said Valdes. “Italy continues to see high demand in major cities. With central bank policies and capital flows creating favorable market conditions, the country has demonstrated a resilient housing market that we are excited to be a part of. As the fourth-largest economy in Europe, Italy is a key player in our expansion. Our agent-centric model has provided life-changing benefits in 11 countries so far and will be a welcome addition to the choices available to real estate agents in Italy.” eXp Italy’s brokerage operations will be led by Denis Andrian, Director, eXp Italy. Andrian brings decades of experience in the European luxury real estate market. “The last year has brought about major changes in the Italian real estate industry, with nearly all real estate agencies facing an immediate need to adapt to the digitized market,” said Andrian. “eXp is entering Italy at an ideal time, as the business model provides a solution to the new needs of real estate agents, which include a virtual work structure, a global community, distance learning, and the ability to meet a changing market with innovation and agility. With its cloud-based structure, competitive model and low fixed costs, eXp offers a high level of professionalism and quality service to the end consumer. The future of the real estate market has arrived in Italy with eXp!” eXp’s presence in Italy will encompass all major cities and regions. Italy represents one of the countries that eXp Global has identified for expansion during the first quarter of 2021. Puerto Rico launched in January, Brazil in February, and Hong Kong is also set to launch in Q1 2021. eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond attractive commissions to provide its agents with an opportunity to earn additional income by helping the company to grow its revenue base anywhere in the world. Agents can also earn equity in eXp World Holdings stock for listing and selling activities. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative platform, enabling agents and staff to communicate, meet and conduct business in a virtual world. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 49,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil and Italy and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.For more information, visit https://expworldholdings.com/. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact:eXp World Holdings, [email protected] Italy Media Relations Contact:eXp [email protected] Investor Relations Contact:MZ Group – MZ North [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4656761a-b2fb-4788-bdda-b8ff30c1df91

  • eXp Continues Worldwide Expansion, Announces 3 New Locations for Second Quarter of 2021
    on March 17, 2021 at 1:00 pm

    Company to Establish Operations in Colombia, Spain and Israel by the End of June 2021 eXp Continues Worldwide Expansion eXp Announces 3 New Locations for Second Quarter of 2021 BELLINGHAM, Wash., March 17, 2021 (GLOBE NEWSWIRE) -- eXp Realty, one of the fastest-growing, global real estate companies and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced plans to expand its real estate operations into Colombia, Spain and Israel in the second quarter of 2021. The announcement comes after successful launches in Puerto Rico and Brazil in the first months of 2021, with Italy and Hong Kong slated to open later in March. In 2020, eXp launched operations in South Africa, India, Mexico, France and Portugal. By the end of the second quarter, eXp Realty will have a presence in 16 countries, including its headquarters in the United States. Throughout the past year, eXp continued to gain global market share by growing its agent base by more than 60%. Today, the eXp Realty platform has more than 48,000 agents across its international locations. “As we look ahead to the second quarter of 2021, we are solidifying our footprint in the EMEA (Europe, Middle East and Africa) and CALA (Caribbean and Latin America) regions,” said Michael Valdes, President of eXp Global. “With the addition of Spain, we are continuing to expand our presence in Europe, with a strongly established eXp brand already launched in the UK, France, Portugal and Italy. Colombia is one of the fastest-growing economies in Latin America and we see incredible opportunities there. We are also excited about launching Israel, a country that has seen a recent surge in the real estate sector. We are thrilled to see the growth of our brand in these vibrant and historic markets, and we believe that our universally attractive model will continue to change communities around the world.” As part of the expansion into the new markets, the company will hire experienced leaders in each country to head up local teams who will be responsible for agent operations and services. eXp Realty offers a unique financial model for residential and commercial real estate agents. It goes beyond attractive commissions to provide its agents with an opportunity to earn additional income by helping to grow the company’s agent base globally and earn equity in eXp World Holdings, Inc. stock programs through listing and selling activities. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative platform, which enables its agents to communicate, meet and conduct business in a virtual world. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 48,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico and Brazil and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a7b451f4-f4d5-4d68-bf59-967355bb875a

  • Party Time: Brokers Just Made Major Increases To Their eXp World Holdings, Inc. (NASDAQ:EXPI) Earnings Forecasts
    on March 13, 2021 at 6:33 am

    Shareholders in eXp World Holdings, Inc. ( NASDAQ:EXPI ) may be thrilled to learn that the analysts have just delivered...

  • Looking Into eXp World Holdings's Return On Capital Employed
    on March 11, 2021 at 4:20 pm

    eXp World Holdings (NASDAQ:EXPI) showed a loss in earnings since Q3, totaling $7.83 million. Sales, on the other hand, increased by 8.03% to $609.32 million during Q4. In Q3, eXp World Holdings earned $15.22 million and total sales reached $564.02 million. Why ROCE Is Significant Changes in earnings and sales indicate shifts in eXp World Holdings's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, eXp World Holdings posted an ROCE of 0.05%. It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future. View more earnings on EXPI Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders. For eXp World Holdings, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies. Q4 Earnings Recap eXp World Holdings reported Q4 earnings per share at $0.05/share, which did not meet analyst predictions of $0.07/share. See more from BenzingaClick here for options trades from BenzingaeXp World Holdings: Q4 Earnings InsightsEarnings Scheduled For March 11, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • eXp World Holdings Reports Record Fourth Quarter and Full-Year 2020 Financial Results
    on March 11, 2021 at 2:00 pm

    2020 Revenue Increased 84% to Record $1.8 Billion; Drives Most Profitable Year in Company History With Net Income of More Than $31 Million eXp World Holdings, Inc. eXp World Holdings Reports Record Fourth Quarter and Full-Year 2020 Financial Results BELLINGHAM, Wash., March 11, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), (or the “Company”), the holding company for eXp Realty, Virbela and SUCCESS Enterprises, today announced financial results for the fourth quarter and full year ended Dec. 31, 2020. Fourth Quarter and Full-Year 2020 Financial Highlights: ($, in millions)Q4 2020Q4 2019Change (%)FY2020FY2019Change (%)Revenue$609.3$274.0122%$1,798.3$979.984%Gross Profit$50.4$24.4106%$159.6$84.190%Net Income$7.7$0.8885%$31.0($9.6)NMAdjusted EBITDA1$16.6$6.1175%$57.8$12.6357%Operating Cash Flow$30.5$15.498%$119.7$55.2117% (1) Adjusted EBITDA is a non-GAAP term, further explained below in the section titled, “Use of Non-GAAP Financial Measures.” Management Commentary “eXp experienced tremendous growth in 2020 as our agents and staff demonstrated resilience and overcame the challenges presented throughout the year,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “Our cloud-based brokerage and virtual working environment enabled continuous operations and supported the rapid growth of adding more than 15,000 agents during the year. Our value proposition resonated with agents around the world, as we seamlessly opened in five new countries and gained domestic market share in our residential and commercial businesses.” “Our agent-centric strategy remains paramount, as demonstrated by several key acquisitions we made during the year. The addition of Showcase IDX and SUCCESS Enterprises to the eXp platform enables our agents to increase engagement with homebuyers and have access to an ecosystem of personal development resources. As we move through 2021, we will continue to innovate our business model to drive the growth trajectory, while delivering sustainable value for our agents, brokers, staff and our end consumers,” concluded Sanford. Fourth Quarter and Full-Year 2020 Operational Highlights: Agents and brokers on the eXp Realty platform increased 63% in 2020 to 41,313, compared to 25,423 at the end of 2019, and increased 15% in the fourth quarter of 2020, compared to 35,877 at the end of the third quarter of 2020. eXp Realty currently has more than 48,000 agents and brokers on the platform at the time of this release. Residential transaction sides closed increased 113% to 82,055 in the fourth quarter of 2020, compared to 38,611 in the same year-ago quarter. Residential transaction sides closed in 2020 increased 77% to 238,981, compared to 135,322 in 2019. Residential transaction volume closed increased 123% to $24.6 billion in the fourth quarter of 2020, compared to $11.0 billion in the same year-ago quarter. Residential transaction volume closed in 2020 increased 89% to $72.2 billion, compared to $38.2 billion in 2019. As of Dec. 31, 2020, cash and cash equivalents totaled $100.1 million, which compares to cash and cash equivalents of $40.1 million as of Dec. 31, 2019. eXp Realty expanded into five new international locations throughout 2020, including France, Portugal, Mexico, India, and South Africa. Subsequent to the end of 2020, the Company successfully launched in Puerto Rico and Brazil, and announced plans to establish operations in Italy and Hong Kong by the end of the first quarter 2021. Launched eXp Commercial with expansion into 29 U.S. states in 2020, with plans to be open in all 50 states by the end of 2021. Acquired Showcase IDX, the leading real estate search technology company to help agents market and grow their businesses, and SUCCESS Enterprises, a leading personal development media brand. eXp Realty ended the year with a 74 global Net Promoter Score, a measure of agent satisfaction, through the Company’s intense focus on the agent experience. This represents a significant improvement compared to a Net Promoter Score of 64 at the end of 2019. Named a best place to work for a fourth consecutive year in Glassdoor’s 2021 Employees’ Choice Awards among U.S. large businesses. “Our continued momentum in agent growth and transaction volume translated to the most profitable year in our company’s history,” said Jeff Whiteside, CFO and Chief Collaboration Officer of eXp World Holdings. “We expect the expansion of our core residential brokerage in the U.S. and launch of operations in key international markets to continue throughout 2021, while also increasing adoption of our affiliated services businesses. By leveraging value-add and revenue-generating technologies that differentiate our tech-enabled platform, such as Virbela, the catalysts are in place to accelerate growth and increase our market share.” Fourth Quarter and Full-Year 2020 Financial Results – Virtual Fireside Chat The Company will hold a virtual fireside chat and investor Q&A session with eXp World Holdings Founder and CEO Glenn Sanford and CFO Jeff Whiteside on Thursday, March 11, 2021 to discuss fourth quarter and full-year 2020 financial results and recent milestone achievements. Tom White, Managing Director and Senior Research Analyst at D.A. Davidson, will moderate the discussion. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its platform. Date: Thursday, March 11, 2021 Time: 2 p.m. PT/ 5 p.m. ET Location: EXPI Campus. Join at https://expworldholdings.com/contact/download/ Livestream: expworldholdings.com/events About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 48,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico and Brazil and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com. Use of Non-GAAP Financial Measures To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, which is a non-U.S. GAAP financial measure and may be different than similarly titled measures used by other companies. It is presented to enhance investors’ overall understanding of the company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The company’s Adjusted EBITDA provides useful information about financial performance, enhances the overall understanding of past performance and future prospects, and allows for greater transparency with respect to a key metric used by management for financial and operational decision-making. Adjusted EBITDA helps identify underlying trends in the business that otherwise could be masked by the effect of the expenses that are excluded in Adjusted EBITDA. In particular, the company believes the exclusion of stock and stock option expenses, provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations. The company defines the non-U.S. GAAP financial measure of Adjusted EBITDA to mean net income (loss), excluding other income (expense), income tax benefit (expense), depreciation, amortization, and impairment charges; stock-based compensation expense, and stock option expense. Adjusted EBITDA may assist investors in seeing financial performance through the eyes of management, and may provide an additional tool for investors to use in comparing core financial performance over multiple periods with other companies in the industry. Adjusted EBITDA should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of Adjusted EBITDA compared to Net Income (Loss), the closest comparable U.S. GAAP measure. Some of these limitations are that: Adjusted EBITDA excludes stock-based compensation expense and stock option expense, which have been, and will continue to be for the foreseeable future, significant recurring expenses in the business and an important part of the compensation strategy; andAdjusted EBITDA excludes certain recurring, non-cash charges such as depreciation of fixed assets, amortization of acquired intangible assets, and impairment charges related to these long-lived assets, and, although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future. ($, in thousands)Three Months Ended December 31,Year Ended December 31, 2020 2019 2020 2019Net income (loss)$7,696$781$30,990$(9,557)Other expense (income), net 21 84 184 281Income tax expense 118 254 413 497Depreciation, amortization, and impairment expenses (1) 1,429 768 4,214 2,384Stock compensation expense (2) 4,763 3,199 15,239 13,959Stock option expense 2,622 979 6,801 5,085Adjusted EBITDA$16,649$ 6,065$57,841$12,649 (1) Stock payable amortization is included in other expenses (income). Impairment expense relates to 2020 write off of an intangible asset related to a discontinued internally developed software project. There were no impairment charges recognized during 2019. (2) This includes agent growth incentive stock compensation expense and stock compensation expense related to non-controlling interest. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected] EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share amounts) December 31, 2020 December 31, 2019ASSETS CURRENT ASSETS Cash and cash equivalents$100,143 $40,087 Restricted cash 27,781 6,987 Accounts receivable, net of allowance for credit losses of $1,879 and allowance for bad debt of $137, respectively 76,951 28,196 Prepaids and other assets 7,350 3,549 TOTAL CURRENT ASSETS 212,225 78,819 Property, plant, and equipment, net 7,848 5,428 Operating lease right-of-use assets 819 1,264 Other noncurrent assets - 16 Intangible assets, net 8,350 2,677 Goodwill 12,945 8,248 TOTAL ASSETS$242,187 $96,452 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable$3,957 $2,593 Customer deposits 27,781 6,987 Accrued expenses 62,750 31,034 Current portion of long-term payable 1,416 916 Current portion of lease obligation - operating lease 746 435 TOTAL CURRENT LIABILITIES 96,650 41,965 Long-term payable, net of current portion 2,876 1,530 Long-term lease obligation - operating lease, net of current portion 74 829 TOTAL LIABILITIES 99,600 44,324 EQUITY Common Stock, $0.00001 par value 220,000,000 shares authorized; 146,677,786 issued and 144,143,292 outstanding in 2020; 132,398,616 issued and 131,473,252 outstanding in 2019 (1) 1 1 Additional paid-in capital 218,492 130,682 Treasury stock, at cost: 2,534,494 and 925,364 shares held, respectively (37,994) (8,623)Accumulated deficit (39,162) (70,293)Accumulated other comprehensive income 247 200 Total eXp World Holdings, Inc. stockholders' equity 141,584 51,967 Equity attributable to noncontrolling interest 1,003 161 TOTAL EQUITY 142,587 52,128 TOTAL LIABILITIES AND EQUITY$242,187 $96,452 EXP WORLD HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share amounts and per share data) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Revenues$609,322 $274,019 $1,798,285 $979,937 Operating expenses Commissions and other agent-related costs 558,935 249,612 1,638,674 895,882 General and administrative expenses 40,656 22,532 122,801 89,035 Sales and marketing expenses 1,897 756 5,223 3,799 Total operating expenses 601,488 272,900 1,766,698 988,716 Operating income (loss) 7,834 1,119 31,587 (8,779)Other expense Other expense (income), net 3 50 133 247 Equity in losses of unconsolidated affiliates 17 34 51 34 Total other expense (income), net 20 84 184 281 Income (loss) before income tax expense 7,814 1,035 31,403 (9,060)Income tax expense 118 254 413 497 Net income (loss) 7,696 781 30,990 (9,557)Net loss attributable to noncontrolling interest 26 29 141 29 Net income (loss) attributable to eXp World Holdings, Inc.$7,722 $810 $31,131 $(9,528) Earnings (loss) per share Basic$0.05 $0.01 $0.22 $(0.08)Diluted$0.05 $0.01 $0.21 $(0.08)Weighted average shares outstanding Basic 143,026,018 131,907,796 138,572,358 126,256,407 Diluted 156,543,876 131,907,796 151,550,075 126,256,407 US-GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION(In thousands) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Net income (loss)$7,696 $781 $30,990 $(9,557)Other expense (income), net 20 84 184 281 Income tax expense 118 254 413 497 Depreciation, amortization, and impairment expenses (1) 1,429 768 4,214 2,384 Stock compensation expense (2) 4,763 3,199 15,239 13,959 Stock option expense 2,622 979 6,801 5,085 Adjusted EBITDA$16,648 $6,065 $57,841 $12,649 (1) Stock payable amortization is included in other expense (income). Impairment expense relates to 2020 write off of an intangible asset related to a discontinued internally developed software project. There were no impairment charges recognized during 2019. (2) This includes agent growth incentive stock compensation expense and stock compensation expense related to non-controlling interest. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5342a8a7-7922-4898-a861-479a79c763ec

  • eXp World Holdings: Q4 Earnings Insights
    on March 11, 2021 at 12:22 pm

    Shares of eXp World Holdings (NASDAQ:EXPI) rose 9.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 400.00% over the past year to $0.05, which missed the estimate of $0.07. Revenue of $609,322,000 rose by 122.36% from the same period last year, which beat the estimate of $521,800,000. Looking Ahead eXp World Holdings hasn't issued any earnings guidance for the time being. View more earnings on EXPI Revenue guidance hasn't been issued by the company for now. Technicals Company's 52-week high was at $166.47 52-week low: $6.51 Price action over last quarter: Up 143.69% Company Description eXp World Holdings Inc is a cloud-based residential real estate company. The company owns and operates a cloud-based real estate brokerage and a technology platform business that develops and uses immersive technologies that helps businesses increase their effectiveness and reduce costs from operating in traditional brick and mortar office spaces. Its business categories include Real Estate Brokerage, Technology Products and Services, Title, Escrow, and Settlement Services, and Mortgage Brokerage Services. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For March 11, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Has Exp World Holdings (EXPI) Outpaced Other Finance Stocks This Year?
    on March 10, 2021 at 4:30 pm

    Is (EXPI) Outperforming Other Finance Stocks This Year?

  • Key Factors to Impact eXp World Holdings (EXPI) Q4 Earnings
    on March 10, 2021 at 12:56 pm

    eXp World Holdings' (EXPI) fourth-quarter performance is likely to have been driven by the growing base of agents and brokers that helped bank on the solid residential real estate market.

  • Why eXp World Holdings Stock Gained 13.3% in February
    on March 6, 2021 at 2:53 pm

    Shares of eXp World Holdings (NASDAQ: EXPI) climbed 13.3% in February, according to data from S&P Global Market Intelligence. As a result of the partnership, Douglas Stewart's software and services group will offer Virbela's virtual campus and immersive learnings environments to a network of resellers targeting roughly 5,000 U.S. colleges and universities and 132,000 K-12 schools. In addition to recent wins for its education technology business, eXp's online real estate platform has been putting up strong results and spurring investor enthusiasm.

  • eXp World Holdings Announces Record Preliminary Fourth Quarter and Full-Year 2020 Financial and Operational Results
    on March 2, 2021 at 2:00 pm

    eXp World Holdings eXp World Holdings Announces Record Preliminary Fourth Quarter and Full-Year 2020 Financial and Operational Results Preliminary 2020 Revenue Increases to Record $1.8 Billion, Most Profitable Year in History With Expected Net Income of Over $31 Million Virtual Fireside Chat To Be Held on March 11, 2021 at 2 p.m. PT / 5 p.m. ET BELLINGHAM, Wash., March 02, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, Virbela and SUCCESS Enterprises, today provided preliminary unaudited financial and operational results for the fourth quarter and full-year ended Dec. 31, 2020. The financial information below is preliminary, unaudited and subject to change when financial results are released on March 11, 2021. Preliminary Fourth Quarter and Full-Year 2020 Highlights: Revenue in the fourth quarter of 2020 is expected to increase 122% to approximately $609 million, compared to revenue of $274 million in the same year-ago quarter. Revenue for all of 2020 is expected to increase 84% to approximately $1.8 billion, compared to revenue of approximately $1.0 billion in 2019.Net income in the fourth quarter of 2020 is expected to increase 885% to approximately $7.7 million, compared to net income of $0.8 million in the same year-ago quarter. Net income in 2020 is expected to increase significantly to approximately $31.0 million, compared to a net loss of $9.6 million in 2019.The number of agents and brokers on the eXp Realty platform increased 63% in 2020 to 41,313, compared to 25,423 agents and brokers on the eXp Realty platform at the end of 2019.Residential transaction sides closed in the fourth quarter of 2020 increased 113% to 82,055, compared to 38,611 in the same year-ago quarter. Residential transaction sides closed in 2020 increased 77% to 238,981, compared to 135,322 in 2019.Residential transaction volume closed in the fourth quarter of 2020 increased 123% to $24.6 billion, compared to $11.0 billion in the same year-ago quarter. Residential transaction volume closed in 2020 increased 89% to $72.2 billion, compared to $38.2 billion in 2019. “Our record revenue and profit in 2020, which accelerated in the fourth quarter of 2020, was driven by our growing base of the best agents in the world that continue to capitalize on the strength of the residential real estate market,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “With global operations, our unique, cloud-based platform has provided agents a significant competitive advantage in the real estate industry. With the acquisition of SUCCESS Enterprises at the end of the year, we continue to build a competitive value proposition, which is unique in the real estate industry.” This information is delivered in advance of eXp World Holdings’ Annual Report on Form 10-K that will be released on Thursday, March 11, 2021 and can be viewed at https://expworldholdings.com. Fourth Quarter and Full-Year 2020 Financial Results – Virtual Fireside Chat A virtual fireside chat and investor Q&A session with eXp World Holdings Founder and CEO Glenn Sanford and CFO Jeff Whiteside will be held on Thursday, March 11, 2021 to discuss fourth quarter and full-year 2020 financial results and recent milestone achievements. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its platform. Date: Thursday, March 11, 2021 Time: 2 p.m. PT / 5 p.m. ET Location: EXPI Campus. Join at virbela.com. Livestream: expworldholdings.com/events About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 46,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico and Brazil and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit https://expworldholdings.com. Safe Harbor Statement The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef9372e7-7349-4364-9532-4cba76392954

  • Here's Why eXp World Holdings Stock is Sinking -- and Why It Doesn't Matter
    on February 25, 2021 at 7:00 pm

    The online real estate software company has gained more than 1,000% over the past 12 months and is up 100% so far this year. On this clip from Motley Fool Live recorded on Feb. 10, "The Wrap" host Jason Hall, Fool analyst Nick Sciple, and Fool.com contributor Danny Vena discuss the cause of the decline and why it's important to focus on the longer-term. Jason Hall: I'm not sure are either of you familiar with EXP World Holdings ticker EXPI?

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