Reports Q2 revenue $440.973 vs $601.940M last year. Blake Janover, CEO of Janover, stated, “While achieving single digit sequential growth in the second quarter of 2024, we drove an impressive 20% of our total revenue from recurring, high-margin software-as-a-service subscriptions and Insurtech commissions. With the acquisition of Groundbreaker, the recent launch of our insurance business, and our other AI and software products for real estate professionals; we will continue to migrate from transactional to compounding recurring revenue. Our AI technology has continued to drive impressive value within our organization, and we think it has exciting applications as a subscription service as well. Ultimately, we are a platform providing capital, technology and insurance services to multifamily and commercial property owners and professionals and occupy a very unique space in the market. I can confidently say that I have never been more excited about our future and the value we can drive for our customers and shareholders.”
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