10-Q - Linkhome Holdings Inc. (0002017758) (Filer)

Fri, Jan 17, 10:16 PM (31 days ago)

Linkhome Holdings Inc. (LHAI) reported significant growth in its Q3 2024 financial results, with net revenues of $2,057.9K, a substantial increase from $102.5K in Q3 2023. The surge was primarily driven by the introduction of the Cash Offer program, which contributed $1,670K to revenues. Total revenues for the nine months ending September 30, 2024, reached $5,421.8K, compared to $151.1K in the same period last year. The company's gross profit rose to $504.6K (24.5% margin) from $73.5K (71.7% margin) year-over-year. Operating income also improved significantly to $401.9K from $52.9K. However, cash flow from operations was negative at $(1,005.7K), primarily due to increased accounts receivable and deferred IPO costs. Linkhome's current ratio was strong at 3.32:1, indicating good liquidity. The company is positioned for future growth, leveraging its Cash Offer program and AI-driven services. However, uncertainties in market conditions and operational costs remain potential risks. The transition to a C-corporation status in 2024 has increased tax liabilities, with income tax expenses of $117.8K for Q3. Overall, Linkhome appears to be on a growth trajectory, albeit with challenges in cash management and market dynamics.