Independent Research Firm Raises Fair Value Estimate and Revenue Forecast
BELLINGHAM, WA – November 21, 2016 –Fundamental Research Corp. an independent research firm specializing in the small-cap and microcap sectors, has announced that is has updated its analysis of eXp World Holdings, Inc. (OTCQB: EXPI). To view the updated research report in its entirety visit http://www.otcmarkets.com/financialReportViewer?symbol=EXPI&id=163022.
eXp World Holdings, Inc. is the holding company for eXp Realty, the Agent-Owned Cloud Brokerage®. The Company’s real estate brokerage division now has more than 2,200 real estate professionals who span across 41 states, the District of Columbia and parts of Canada. The Company had 864 agents on January 1, 2016.
In the report, Fundamental Research Corp., which initiated coverage of eXp World Holdings, Inc. back in April of this year, cites the Company’s record third quarter revenues, a revision in its long term projections, and a healthy balance sheet among the reasons for its upward revisions.
All research issued by Fundamental Research Corp. is based on public information. Fees were paid by EXPI to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, EXPI has agreed to a minimum coverage term including four reports.
Contact:
Sid Rajeev, CFA
www.researchfrc.com
Direct: 604-682-7065
About eXp World Holdings, Inc.
eXp World Holdings, Inc. is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage® as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company.
As a publicly-traded company, eXp World Holdings, Inc. uniquely offers professionals within its ranks opportunities to earn equity awards for production and contributions to overall company growth.
For more information you can follow eXp World Holdings, Inc. on Twitter, LinkedIn, Facebook, YouTube, or visit eXpWorldHoldings.com. For eXp Realty please visit: eXpRealty.com.
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 Company’s expansion, revenue growth, operating results, financial performance and net income changes. 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 Annual Report on Form 10-K.
The post Fundamental Research Corp. Updates its Coverage of eXp World Holdings, Inc. appeared first on eXp World Holdings.
