La Rosa Holdings Corp. announced on April 24, 2025, that its Board of Directors authorized a stock buyback program to repurchase up to $500,000 of its outstanding shares of common stock. The repurchases will occur on the open market, adhering to all applicable securities laws and regulations.
The timing and decision to repurchase shares will depend on various factors, including ongoing assessments of the company’s capital needs, market conditions, and the price of its common stock. This program reflects the Board's confidence in the company's business model and long-term outlook.
CEO Joe La Rosa stated that the buyback is a strategic move to enhance stockholder value, as the company believes its stock represents a compelling investment opportunity. He highlighted the company's 119% revenue increase to $69.4 million for fiscal 2024 and the expansion of its agent network to over 2,700.
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