Business UpdateApr 27, 2026, 08:32 AM
LRHC Restates 2024 Revenue to $58.6M; Gross Margin Rises to 10.14%
AI Summary
La Rosa Holdings Corp. announced a non-cash restatement of its fiscal 2024 revenue, adjusting it to $58.6 million due to ASC 606 calculation, which reduced revenue by $10.8 million but increased the gross margin percentage from 8.57% to 10.14%. The company emphasized that the restatement has no impact on gross profit, operating income, net income, shareholders’ equity, or cash flows. Additionally, La Rosa revised its 2025 guidance to $68.6 million and provided an update on its acquisition of Consensus Core Technologies, aiming to position itself in the AI infrastructure ecosystem.
Key Highlights
- LRHC restated fiscal 2024 revenue to $58.6 million, a non-cash reduction of $10.8 million.
- Gross margin percentage for fiscal 2024 increased from 8.57% to 10.14% due to restatement.
- Revised 2025 revenue guidance to $68.6 million, reflecting the adjustment.
- Preliminary unaudited 2025 revenue increased 17% year-over-year to $68.6 million.
- Restatement has no impact on gross profit, operating income, net income, shareholders' equity, or cash flows.
- Company is progressing with the acquisition of Consensus Core Technologies for AI infrastructure.