eXp Realty News

  • eXp World Holdings to Announce Second Quarter 2021 Results on August 4
    on July 22, 2021 at 1:00 pm

    Management to Discuss Second Quarter 2021 Results and Host Investor Q&A at Virtual Event EXPI to Announce Q2 2021 Earnings Results on August 4, 2021 eXp World Holdings to Announce Q2 2021 Earnings Results on August 4, 2021 BELLINGHAM, Wash., July 22, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises, today announced it will report its second quarter 2021 financial results before market open on Wedne

  • eXp World Holdings and Kind Lending Unite to Launch SUCCESS® Lending, LLC, a New Residential Lending Platform
    on July 15, 2021 at 5:58 pm

    SUCCESS® Lending to connect the top loan officers and real estate professionals to improve the journey to homeownership eXp World Holdings and Kind Lending Launch SUCCESS® Lending eXp World Holdings and Kind Lending Launch SUCCESS® Lending BELLINGHAM, Wash., July 15, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced a new joint venture (“JV”) wit

  • 2 Cheap Stocks That Are Doubling Revenues
    on July 14, 2021 at 3:03 pm

    The market is giving tiny multiples to Carvana and eXp World. This mispricing is an opportunity for savvy investors.

  • eXp World Holdings Expands Real Estate Operations Into Panama
    on July 13, 2021 at 1:00 pm

    eXp World Holdings has expanded into Panama 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 Panama One of the Fastest-growing Global Real Estate Companies Extends Its Footprint in the CALA Region With the Opening of eXp Panama BELLINGHAM, Wash., July 13, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing real e

  • eXp World Holdings Promotes Seth Siegler to Lead eXp's New Real Estate Services Tech Hub
    on July 12, 2021 at 6:00 pm

    eXp Continues to Focus on High-tech Real Estate Products and Solutions to Enhance Agents' Continued Success Seth Siegler, Vice President, Technology Innovation & Real Estate Services Seth Siegler named to new role of Vice President, Technology Innovation & Real Estate Services BELLINGHAM, Wash., July 12, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, has elev

  • Why eXp World Holdings Stock Jumped 20.2% in June
    on July 2, 2021 at 2:09 pm

    The online real estate brokerage is rapidly growing its sales, and the stock is now up 25.5% year to date.

  • eXp Commercial To Host Virtual Commercial Real Estate Symposium
    on June 29, 2021 at 3:00 pm

    Free Event Includes National Commercial Real Estate Association CertificationBELLINGHAM, Wash., June 29, 2021 (GLOBE NEWSWIRE) -- eXp Commercial, a division of eXp World Holdings (Nasdaq: EXPI), today announced it will host its quarterly Commercial Real Estate Symposium July 26-30, which features a three-day certification program facilitated by the National Commercial Real Estate Association (NCREA). The event, including the NCREA certification, is free and will be held virtually in eXp World, e

  • Could Opendoor Technologies Be a Millionaire-Maker Stock?
    on June 28, 2021 at 10:37 am

    There are few industries with as much potential to be disrupted as real estate. Specifically, the way we buy and sell houses is antiquated, and Opendoor Technologies (NASDAQ: OPEN) believes there is a better way. In this Fool Live video clip, recorded on June 15, Fool.com contributor Matt Frankel, CFP, and Chief Growth Officer Anand Chokkavelu discuss why Opendoor has such a huge opportunity and what needs to happen for investors to see big returns.

  • New Strong Sell Stocks for June 23rd
    on June 23, 2021 at 1:07 pm

    PNTG, GHLD, EXPI, ACR and AG have been added to the Zacks Rank #5 (Strong Sell) List on June 23, 2021.

  • eXp Realty Welcomes Real Estate Veteran Ilaria Profumi as Regional Director, EMEIA
    on May 27, 2021 at 8:00 am

    BELLINGHAM, Wash., May 27, 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 the appointment of veteran real estate professional Ilaria Profumi as Regional Director, Europe, Middle East, India and Africa (EMEIA). Profumi’s leadership will help strengthen the company’s global footprint and its presence in EMEIA. She will report to Michael Valdes, President of eXp Global. Profumi joins from RE/MAX Italy, where she served as Chief Operating Officer for the past 15 years, focused on corporate strategy. She is a trained lawyer and has spent nearly two decades in other roles at RE/MAX including head of legal affairs and head of business development before taking the role of COO. “Profumi’s strong experience and skills will be of high value to our overall strategy and growth in the region,” said Valdes. “I am excited for her to play an integral role in accelerating the growth of the eXp brand throughout EMEIA.” “I am thrilled to be joining eXp Realty, and am already a believer in the incredible vision of the organization,” said Profumi. “Dedicating the past 15 years to the growth of an international real estate brand has confirmed my belief that people always make a difference. We are witnessing one of the greatest technological transformations in human history, but trends show that we need an offering that combines the traditional human relationship and the tech innovation to be successful and thrive. eXp Realty is the global alternative for all those real estate agents who have understood that innovation and inclusion are the basis of a long-term vision that makes the real estate market profitable.” Profumi’s hiring comes as the company continues to undertake a rapid global expansion, launching operations in 11 new markets since October 2020. In the EMEIA region, eXp currently operates in the UK, South Africa, India, Portugal, France, Italy, and Spain. The company has recently announced its intent to expand into three new markets in the third quarter of 2021. eXp Realty offers a unique financial model for residential and commercial real estate agents. In addition to an attractive commission structure, agents are provided with an opportunity to earn additional income by helping to grow the company’s agent base globally and earn equity in the company 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 55,000+ agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia and Spain, 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]

  • 3 Top Stocks to Buy for the May Market Crash
    on May 20, 2021 at 10:10 am

    Upstart (NASDAQ: UPST) stock has had an amazing 2021, running up 185%. Inari Medical (NASDAQ: NARI) has run up 95% since its IPO last year. Upstart is the "slow" stock of the trio, delivering 90% year-over-year revenue growth in its most recent quarter.

  • eXp Announces the Opening of Spain and 3 New Countries for Third Quarter of 2021
    on May 17, 2021 at 1:00 pm

    eXp Global eXp Global BELLINGHAM, Wash., May 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 the opening of eXp Spain, as well as plans to expand its real estate operations into Germany, Panama and Japan in the third quarter of 2021. The announcement comes after successful launches in five new markets this year, including Puerto Rico, Brazil, Italy, Hong Kong and Colombia. By the end of the third quarter, eXp Realty will have a presence in 19 countries. Throughout the past year, eXp continued to gain global market share. eXp Realty recently announced a 77% increase in agent growth globally in Q1 2021 versus the prior year quarter. Today, the eXp Realty platform has more than 54,000 agents across its international locations. “We continue to see incredible interest in the eXp model across the globe, driven by its agent-centric focus,” said Michael Valdes, President of eXp Global. “With the addition of Germany, Panama and Japan, we are solidifying our footprint across the EMEA, CALA and APAC regions and further developing strategic footholds in each. Germany has one of the largest and most stable real estate markets in Europe, and is a key component to our growth on the continent, joining the UK, France, Portugal, Italy and today’s opening of Spain. “Additionally, Panama has long boasted a vibrant real estate market with attractive opportunities for foreign investment, and Japan has one of the strongest real estate markets in the world in terms of transaction volume. We are very confident in the growth potential of each of these countries,” concluded Valdes. As part of the expansion into the new markets, eXp will hire experienced leaders in each country to head up local teams who will be responsible for agent operations and services. eXp Spain is led by Renata Sujto, a global real estate veteran who has launched real estate and tech products across multiple global markets and is a strong fixture in the Spanish real estate community. “The level of excitement we are receiving from agents demonstrates how innovative and entrepreneurial Spanish agents are, and they have become even more so after the pandemic. It is incredibly exciting to offer our solution to such an interesting body of professionals,” said Sujto. eXp Realty offers a unique financial model for residential and commercial real estate agents. In addition to an attractive commission structure, agents are provided with an opportunity to earn additional income by helping to grow the company’s agent base globally and earn equity in the company 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 54,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia and Spain, 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. A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/40aed1b6-836c-4292-938a-49c528ba78d7 Media Relations Contact: eXp World Holdings, Inc. [email protected] Investor Relations Contact: MZ Group – MZ North America [email protected]

  • SUCCESS Space – A Revolution in Coworking
    on May 17, 2021 at 12:00 pm

    SUCCESS® Enterprises, LLC, Publisher of SUCCESS Magazine, launches SUCCESS® Space™, a Retail-based Cowork Business that features Onsite Professional Business Coaching, Public Cafés, Virtual Meeting Technology and Flexible Rentals Available by the Minute, Hour, Day, Week, Month or YearDALLAS, May 17, 2021 (GLOBE NEWSWIRE) -- On the heels of a pandemic that changed the face of the coworking industry, Success Enterprises, LLC will launch a new kind of coworking solution, offering amenities for the post-COVID entrepreneur and corporate workers who aren’t going back to the large office spaces: Highly flexible, on-demand rental options, access to onsite professional business coaching, virtual world communication technology, full-service cafés and the backing of the SUCCESS brand – the leading voice in the field of personal and professional development for nearly 125 years. The spaces are available for franchise; the first location is planned for Orlando and is expected to open in the fall of 2021. “After the challenges presented by 2020, especially in the realm of commercial office real estate, the demand for coworking spaces is higher than ever,” said Ted Laatz, COO of SUCCESS Enterprises. “SUCCESS Space is a unique concept that combines the convenience and cost-effective benefits of shared office space, the efficiencies of virtual 3D technology, and the power of personal and professional development from SUCCESS Enterprises. Our goal is to create an environment for individuals to work – both individually and collaboratively – to grow through professional coaching, and to utilize advanced technology they wouldn’t otherwise have access to.” The 5,000-square-foot SUCCESS Space franchise concept will offer flexible access to workspaces that include private office, mini, micro and booth spaces, as well as larger open shared areas ideal for business, social and training events – all designed with post-COVID-19 behaviors in mind. All are available by the minute, hour, day, week, month or year. In addition to on-demand office space, SUCCESS Space locations will include a café, open to the public, that offers fresh brewed and specialty coffee, pastries, sandwiches, salads, snacks, beer and wine for purchase and serves as a gateway to the cowork space. Most notably, however, SUCCESS Space will offer scheduled and on-demand professional development and coaching services by an onsite SUCCESS® Certified Coach™. Additionally, twice per month, a national topic from SUCCESS will be broadcast into the franchise’s location, followed by hands-on engagement from the local SUCCESS® Certified Coach™ to help further the in-person development experience. Services also include mail reception, access to discounted health insurance plans, Wi-Fi, video capabilities and virtual meeting technology through SUCCESS World, an innovative, virtual environment – powered by Virbela – that allows clients to collaborate with colleagues and customers from around the globe in an immersive 3D world. SUCCESS Enterprises and Virbela are both owned by eXp World Holdings, Inc. which also owns eXp Realty, LLC. For franchisees, the innovative concept offers multiple revenue streams including office and event space rental fees, café food and beverage sales, virtual technology rental fees and income from SUCCESS coaching offerings. The move to build brick-and-mortar retail locations for shared office space, particularly in suburban areas, comes as many U.S. companies and workers adjust to a new normal of continuing to work from home and remote locations. Many companies expect some or all of their employees to continue working remotely either permanently or at least partially even after the threat of the pandemic is significantly diminished. As such, unlike most coworking franchises, SUCCESS Space locations will be planned primarily for suburban areas, in order to provide easy access for consumers looking for professional services closer to home. SUCCESS has been in the business of personal and professional development for over a century beginning with the venerable SUCCESS magazine, which was founded in 1897 and provides inside interviews with thought leaders and success experts, from Elon Musk to Jeff Bezos. It has since grown into a multi-platform media company that reaches an estimated five million each month and encompasses SUCCESS magazine, SUCCESS.com, multiple podcasts, newsletters, digital training courses, and SUCCESS® Achievers Community™, a new social community that further expands resources and training for its members. As the leading resource for personal growth and professional development, SUCCESS is particularly popular among entrepreneurs as well as independent and self-employed “solopreneurs.” The brand teamed up with leaders in the architecture and design, hospitality, coworking and franchise industries to create SUCCESS Space, including the teams at Franchise Well, OpenWork Agency, Gensler Architects and BNA Restaurant Advisors. “SUCCESS and its powerful personal and professional growth content will take the concept of short-term office rental to a new level,” said Laatz. “The pandemic has created an entirely new way of thinking about work, and where and how business is accomplished. Whether you’re with a national or international company or an entrepreneur making it on your own, you can find flexible, low-commitment space, resources and support at SUCCESS Space. In particular for solo entrepreneurs and small businesses, the concept provides advanced technology that otherwise would be impossible to attain or afford, not to mention the added benefit of professional development typically only provided by large companies.” About SUCCESS Enterprises Success Enterprises, LLC, a multi-platform media company, is the leader in personal and professional development, offering content, resources, and training to inspire, motivate and educate. Its flagship property, SUCCESS magazine was founded in 1897 by achievement philosopher Orison Swett Marden. In addition to the printed magazine, companion media properties within SUCCESS Enterprises include SUCCESS.com, podcasts, newsletters, digital training courses, and SUCCESS® Achievers Community™, a new social media platform that further expands resources and training for its members. SUCCESS Enterprises is owned by eXp World Holdings (Nasdaq: EXPI). For more information visit www.success.com. About SUCCESS® Space™SUCCESS Spaces are a new kind of coworking solution, offering highly flexible, on-demand rentals, access to onsite professional business coaching, virtual world communication technology, full-service cafés, resources typically reserved for large businesses and the backing of the SUCCESS brand – the leading voice in the field of personal and professional development for nearly 125 years. The approximately 5,000-square-foot suburban spaces are available for franchise, with the first location planned for Orlando, in the fall of 2021. For more information visit www.successfranchise.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, 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. CONTACT: Julia [email protected] [email protected](303) 658-0605

  • EXp World Holdings (EXPI) Misses Q1 Earnings and Revenue Estimates
    on May 6, 2021 at 2:15 pm

    eXp World Holdings (EXPI) delivered earnings and revenue surprises of -40.00% and -1.71%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

  • eXp World Holdings Reports Record First Quarter 2021 Financial Results and Agent Growth
    on May 6, 2021 at 12:30 pm

    Q1 2021 Revenue Increased 115% to $584 Million Year-over-Year, Driven by Agent Growth of 77%BELLINGHAM, Wash., May 06, 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 first quarter ended March 31, 2021. First Quarter 2021 Financial Highlights: Revenue increased 115% to a record $583.8 million in the first quarter of 2021, compared to $271.4 million in the same year-ago quarter.Gross profit increased 91% to $53.5 million in the first quarter of 2021, compared to $28.0 million in the same year-ago quarter.Net income increased 3,348% to $4.8 million in the first quarter of 2021, compared to $0.1 million in the same year-ago quarter.Adjusted EBITDA (a non-GAAP financial measure) increased 159% to $14.8 million in the first quarter of 2021, compared to $5.7 million in the same year-ago quarter.Operating cash flow (a non-GAAP financial measure) increased 184% to $40.6 million in the first quarter of 2021, compared to $14.3 million in the same year-ago quarter.As of March 31, 2021, cash and cash equivalents totaled $104.4 million, compared to $44.3 million as of March 31, 2020. The Company repurchased approximately $34.0 million of common stock during the first quarter of 2021. Management Commentary “As the fastest organically growing real estate brokerage in the world, we are making considerable progress with gaining market share in the U.S. and globally, having grown our agent base 77% year-over-year to exceed the 50,000-agent milestone in the quarter,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “Our record first quarter revenue and profitability is a direct result of agents continuing to find success leveraging eXp’s unique brokerage model and agent value proposition. Not only are we experiencing an acceleration in the number of agents joining eXp, but the agents we are attracting have proved to be increasingly productive and our Net Promoter Score continues to climb. “While the sustained strength in the broader real estate market has provided a complementary environment for our core operations, our record results are attributable to eXp’s commitment to surrounding our agents with an unmatched suite of tools and resources that drive positive engagement. This growth of our cloud-based business is being achieved entirely within our virtual working environment, which serves as a key differentiator for aggressively scaling our platform internationally, as well as in the U.S. where a significant opportunity to continue capturing market share remains. As we move forward, we will maintain our focus on finding innovative ways for real estate professionals to succeed in the most agent-centric model on the planet,” concluded Sanford. First Quarter 2021 Operational Highlights: Agents and brokers on the eXp Realty platform increased 77% to 50,333 at the end of the first quarter of 2021, compared to 28,449 at the end of the first quarter of 2020.Residential and commercial transaction sides closed increased 95% to 73,878 in the first quarter of 2021, compared to 37,882 in the same year-ago quarter.Residential and commercial transaction volume closed increased 123% to $24.5 billion in the first quarter of 2021, compared to $11.0 billion in the same year-ago quarter.eXp Realty expanded into four new international locations and territories in the first quarter of 2021, including Puerto Rico, Brazil, Italy, and Hong Kong. Subsequent to the end of the first quarter, the Company successfully launched in Colombia, and announced plans to establish operations in Spain and Israel by the end of the second quarter of 2021.eXp Realty ended the first quarter of 2021 with a 73 global Net Promoter Score, a measure of agent satisfaction, through the Company’s intense focus on the agent experience. This compares to a 70 global Net Promoter Score at the end of the first quarter of 2020. “Our substantial year-over-year increases in revenue and cash flow generation were driven by industry-leading agent growth and sustained transaction volume,” said Jeff Whiteside, CFO and Chief Collaboration Officer of eXp World Holdings. “Beyond the inherent advantages of our agent compensation model, our tech-enabled offerings are increasingly contributing to our competitive position by enabling our company to scale at a rapid pace. We have strong execution against our domestic growth strategy while continuing to launch new international markets and expanding our commercial brokerage business that lends well to our overall model.” First Quarter 2021 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, CFO Jeff Whiteside, and President of U.S. Growth Dave Conord on Thursday, May 6, 2021 to discuss first quarter 2021 financial results and recent milestone achievements. Greg Falesnik, CEO of MZ North America, will moderate the discussion. The investor Q&A is open to investors, current stockholders and anyone interested in learning more about eXp World Holdings and its platform. Date: Thursday, May 6, 2021Time: 2 p.m. PDT/ 5 p.m. EDTLocation: 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 53,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, and Colombia, 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. US-GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION (In thousands) (Unaudited) Three Months Ended March 31, 2021 2020 Net income (loss) $4,846 $141 Other (income) expense, net (128) 59 Income tax expense 211 11 Depreciation and amortization (1) 1,310 924 Stock compensation expense (2) 5,472 3,519 Stock option expense 3,109 1,073 Adjusted EBITDA $14,820 $5,727 (1) Amortization of stock liability is included in the “Other expense (income)” line item. (2) This includes agent growth incentive stock compensation expense and stock compensation expense related to non-controlling interest. NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED NET CASH PROVIDED BY OPERATING ACTIVITIES (In thousands) (Unaudited) Three Months Ended March 31, 2021 2020 Cash provided by operating activities $78,919 $17,489 Less: Customer deposits (38,324) (3,219) Operating cash flow $40,595 $14,271 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] Investor Relations Contact:MZ Group – MZ North [email protected] EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share amounts) March 31, 2021 December 31, 2020 (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents $104,392 $100,143 Restricted cash 66,105 27,781 Accounts receivable, net of allowance for credit losses of $2,264 and $1,879, respectively 88,475 76,951 Prepaids and other assets 7,791 7,350 TOTAL CURRENT ASSETS 266,763 212,225 Property, plant, and equipment, net 9,042 7,848 Operating lease right-of-use assets 731 819 Other noncurrent assets - - Intangible assets, net 8,121 8,350 Goodwill 12,945 12,945 TOTAL ASSETS $297,602 $242,187 LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable $5,119 $3,957 Customer deposits 66,105 27,781 Accrued expenses 79,392 62,750 Current portion of long-term payable 916 1,416 Current portion of lease obligation - operating lease 361 746 TOTAL CURRENT LIABILITIES 151,893 96,650 Long-term payable, net of current portion 1,726 2,876 Long-term lease obligation - operating lease, net of current portion 370 74 TOTAL LIABILITIES 153,989 99,600 EQUITY Common Stock, $0.00001 par value 220,000,000 shares authorized; 147,934,768 issued and 144,899,364 outstanding in 2021; 146,677,786 issued and 144,143,292 outstanding in 2020. 1 1 Additional paid-in capital 248,634 218,492 Treasury stock, at cost: 3,035,404 and 2,534,494 shares held, respectively (72,003) (37,994) Accumulated deficit (34,316) (39,162) Accumulated other comprehensive income 294 247 Total eXp World Holdings, Inc. stockholders' equity 142,610 141,584 Equity attributable to noncontrolling interest 1,003 1,003 TOTAL EQUITY 143,613 142,587 TOTAL LIABILITIES AND EQUITY $297,602 $242,187 EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share amounts and per share data) (Unaudited) Three Months Ended March 31, 2021 2020 Revenues $583,833 $271,421 Operating expenses Commissions and other agent-related costs 530,347 243,406 General and administrative expenses 46,300 26,860 Sales and marketing expenses 2,257 944 Total operating expenses 578,904 271,210 Operating income (loss) 4,929 211 Other expense Other (income) expense, net (134) 38 Equity in losses of unconsolidated affiliates 6 21 Total other (income) expense, net (128) 59 Income (loss) before income tax expense 5,057 152 Income tax expense 211 11 Net income (loss) 4,846 141 Net loss attributable to noncontrolling interest - 24 Net income (loss) attributable to eXp World Holdings, Inc. $4,846 $165 Earnings (loss) per share Basic $0.03 $0.00 Diluted $0.03 $0.00 Weighted average shares outstanding Basic 144,354,991 133,241,235 Diluted 158,722,126 144,647,818

  • Key Factors to Impact eXp World Holdings (EXPI) Q1 Earnings
    on May 4, 2021 at 2:23 pm

    eXp World Holdings' (EXPI) Q1 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.

  • EXp World Holdings (EXPI) Dips More Than Broader Markets: What You Should Know
    on April 30, 2021 at 9:50 pm

    EXp World Holdings (EXPI) closed the most recent trading day at $34.36, moving -1.35% from the previous trading session.

  • eXp World Holdings Expands Real Estate Operations Into Colombia
    on April 27, 2021 at 1:00 pm

    One of the Fastest-growing Global Real Estate Companies Extends its Footprint In Latin America with the Opening of eXp Colombia eXp Global eXp Global BELLINGHAM, Wash., April 27, 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 Colombia, under the eXp Colombia banner. eXp Realty now operates in 14 countries and territories 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. “The response to our announcement to launch in Colombia has been overwhelming,” said Valdes. “With a history of strong housing price growth, a strong focus on digital infrastructure and a culture of entrepreneurship, we see incredible opportunity in Colombia. We are excited to continue changing lives through our unique model and company culture.” eXp Colombia’s brokerage operations will be led by Santiago Carrizosa, Managing Broker, eXp Colombia. Santiago comes to eXp with more than 24 years of experience in Colombian and international real estate. “Colombia has a stable real estate market and international buyers have begun to see great opportunities for investment in the country,” says Carrizosa. “However, there remains a tremendous need for the implementation of efficient tools and models in the real estate sector. With the opening of eXp Colombia, we are looking to transform the way we sell and buy real estate, breaking down barriers and obsolete models.” Colombia represents the first of the three markets that eXp Global has identified for expansion in the second quarter of 2021, with the openings of Spain and Israel slated to open later in the quarter. Puerto Rico, Brazil, Italy and Hong Kong opened eXp operations in the first quarter of 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 50,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Italy, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong and Colombia 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] Colombia 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/9b51e86a-f9f9-4a81-80f4-6760ad39b498

  • eXp World Holdings (NASDAQ:EXPI) Could Easily Take On More Debt
    on April 27, 2021 at 6:47 am

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • eXp World Holdings to Announce First Quarter 2021 Results on May 6
    on April 22, 2021 at 7:45 pm

    Management to Discuss First Quarter 2021 Results and Host Investor Q&A at Virtual Event eXp World Holdings to Announce First Quarter 2021 eXp World Holdings to Announce First Quarter 2021 BELLINGHAM, Wash., April 22, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, Virbela and SUCCESS Enterprises, today announced it will report its first quarter 2021 financial results before market open on Thursday, May 6, 2021. The Company will hold a virtual fireside chat and investor Q&A with CEO Glenn Sanford and CFO Jeff Whiteside on Thursday, May 6, 2021 at 2 p.m. PT / 5 p.m. ET. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies. Date: Thursday, May 6, 2021 Time: 2 p.m. PT / 5 p.m. ET Location: EXPI Campus. Join at http://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 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/e3c170ba-407b-4654-bfd4-05e2fa8e5876

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