BELLINGHAM, WASH. — Dec. 5, 2017 — eXp Realty, LLC, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), was named as a best place to work in Glassdoor’s 2018 Employees’ Choice Awards. The company was ranked No. 12 among all small and medium businesses on Glassdoor. The award is based solely on anonymous employee feedback via Glassdoor, where employees were asked to rate their company based on culture and values, work/life balance, senior management, compensation and benefits, and career opportunities.

Currently on Glassdoor, eXp Realty has an overall 4.9 out of five stars. eXp’s Glassdoor profile reveals that culture and values, senior management, and compensation and benefits are among the top ranked characteristics among employees, with a noteworthy five out of five stars.

Additional highlights on eXp Realty’s current Glassdoor profile include:

• 100 percent of employees approved of the CEO, Glenn Sanford.
• 99 percent of employees said the company has a positive business outlook.
• 99 percent of employees would recommend working at eXp Realty to a friend.

“At eXp Realty, we work incredibly hard to maintain an innovative, transparent and collaborative culture that aligns with our core values and shapes our culture,” said Vicki Olafson, eXp Realty vice president of employee experience. “Our staff and agents are like family and we are beyond thrilled to hear such positive feedback.”

For more information about jobs at eXp Realty, please visit our jobs page: careers.exprealty.com/jobs

Methodology

Glassdoor’s 2018 Best Places to Work are determined using company reviews shared by U.S.-based employees between Nov. 1, 2016 and Oct. 22, 2017. To be considered for the small-and-medium category, a company must have fewer than 1,000 employees and have received at least 25 ratings across eight workplace attributes from U.S.-based employees during the period of eligibility. The final list is compiled based on Glassdoor’s proprietary algorithm, and takes into account quantity, quality and consistency of reviews.

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 6,000 agents in 45 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website atwww.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

• Facebook – Canada, United States, investor relations
• Twitter – United States, investor relations
• LinkedIn – Canada and United States

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
206-390-2302
[email protected]

Investor Relations Contact:
Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
[email protected]

The post eXp Realty Named a Best Place to Work in Glassdoor’s 2018 Employees’ Choice Awards appeared first on eXp World Holdings.

Now Largest Residential Real Estate Brokerage by Geography in U.S.

BELLINGHAM, WASH. — Dec. 5, 2017 — eXp Realty, LLC, the agent-owned cloud brokerage^Ⓡ and a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), today announced that the company surpassed 6,000 real estate agents across North America.

This important company milestone represents 172 percent growth from the same time last year. Since the beginning of the year, the number of agents who joined the eXp Realty family more than doubled. During November, the company launched two additional markets — Mississippi and North Dakota, making eXp Realty the largest residential real estate brokerage by geography in the United States.

“This has been an outstanding year so far for eXp Realty. We reported three quarters of record revenue growth, more than doubled our agent count and expanded to cover 45 U.S. states, which catapulted us to the single largest residential real estate brokerage by geography in the United States,” said Glenn Sanford, eXp World Holdings CEO, chairman and founder. “None of these achievements would be possible without our fantastic agents, brokers and staff who share their enthusiasm about this great company every day.”

With a focus on innovation, eXp Realty is changing the way that agents, brokers and consumers work together. eXp Realty’s virtual office environment, compared to the traditional real estate office, allows agents to collaborate and learn together — no matter where they might be located. The company’s family of agents build their own businesses while having the opportunity to also establish a direct ownership in the company.

About eXp Realty

eXp Realty, LLC, the Agent-Owned Cloud Brokerage^®, is a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, international, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 6,000 agents in 45 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

• Facebook – Canada, United States, investor relations
• Twitter – United States, investor relations
• LinkedIn – Canada and United States

Safe Harbor Statement

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.

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
206-390-2302
[email protected]

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
[email protected]

The post eXp Realty Surpasses 6,000 Real Estate Agents Across North America appeared first on eXp World Holdings.

BELLINGHAM, WA – November 30, 2017 – eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty, LLC, The Agent-Owned Cloud Brokerage®, has been invited to present at the 10th Annual LD Micro Main Event Investor Conference. The conference is being held December 5-7, 2017 at the Luxe Sunset Boulevard Hotel in Bel Air, California.

Management will host one-on-one meetings throughout the day on Wednesday, December 6, 2017, and is scheduled to present as follows:

LD Micro Main Event

Date: Wednesday, December 6, 2017
Presentation Time: 12:30 p.m. Pacific standard time
Location: Luxe Sunset Boulevard Hotel, Track 1 (11461 Sunset Blvd, Bel Air)
Webcast: http://wsw.com/webcast/ldmicro13/expi/

Conference participation is by invitation only and registration is mandatory. For more information or to schedule a one-on-one meeting, please contact an LD Micro representative.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,600 agents in 45 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s Twitter, LinkedIn, Facebook, YouTube, or visit www.eXpRealty.com.

Investor Relations Contact:
Greg Falesnik
Managing Director
MZ Group – MZ North America
949-385-6449
[email protected]
www.mzgroup.us

The post eXp World Holdings to Present at 10th Annual LD Micro Main Event Investor Conference in Los Angeles appeared first on eXp World Holdings.

Revenue increased 203% year-over-year to $48.1 million

• Record revenue of $48.1 million, increase of 203% year-over-year
• Record cash flow of $3.3 million, increase of 255% year-over-year
• Record real estate agent increase of 173% year-over-year, surpassed 5,000 in early October

BELLINGHAM, WA — Nov. 14, 2017 — eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty, LLC, the agent-owned cloud brokerage®, today announced financial results for the third quarter ended Sept. 30, 2017.

Third Quarter 2017 Financial Summary

• Revenue increased 203% to a record $48.1 million from $15.8 million in the third quarter of 2016. This represents 22% growth quarter-over-quarter, from $39.6 million in the second quarter of 2017.
• Gross margin grew 96% year-over-year for the same quarter to $4.81 million; $12.1 million year-to-date compared to $5.3 million for the same nine-month period in 2016.
• Net loss was $7.8 million, or $(0.15) per diluted share, compared to net loss of $14.6 million, or $(0.29) per diluted share in the third quarter of 2016.
• Adjusted EBITDA (a non-GAAP financial measure) decreased 24% to $0.6 in the third quarter of 2017, compared to $0.8 in the third quarter of 2016.
• Cash flow from operations increased 255% to $3.3 million from $0.9 million in the third quarter of 2016. This represents 106% growth quarter-over-quarter, compared to $1.6 million in the second quarter of 2017.

Third Quarter 2017 Operating and Business Highlights

• Increased the number of agents and brokers on the eXp Realty platform by 173% to 4,952, compared to 1,816 on the same date last year. This represents 26% growth quarter-over-quarter, compared to 3,913 at the end of the second quarter of 2016.
• Surpassed a 5,000-agent milestone in early October 2017.
• Hired Mary Frances Coleman as chief operating officer, Vicki Olafson as vice president of employee experience and Macie Hawkes as general counsel.
• Expanded into Mississippi and Ontario, Canada.

“eXp World Holdings finished the third quarter of 2017 with another quarter of record revenue, further solidifying our foundation for long-term growth,” said eXp World Holdings CEO and Chairman Glenn Sanford. “Our rapidly growing agent and broker family helped us achieve a major 5,000-agent milestone, which we announced at our fourth annual national conference in early October. As we continue to expand into new markets and deeper into existing ones, it is clear our business model of delivering strong economic, technology and marketing solutions resonates with agents and brokers. We are excited about the continued success and opportunities in front of us.”

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income excluding interest, income taxes, depreciation, amortization, and stock based compensation. We believe that Adjusted EBITDA provides us an important measure of operating performance and enhances comparability while providing investors with useful insight into the underlying trends of the business. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.

Safe Harbor Statement

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.

About eXp World Holdings

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,600 agents in 45 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s websites at expworldholdings.com and exprealty.com.

Connect with eXp Realty and eXp World Holdings:

• Facebook – Canada, United States, investor relations
• Twitter – United States, investor relations
• LinkedIn – Canada and United States

The eXp World Holdings logo is available at http://expworldholdings.com/logos. The agent-owned cloud brokerage is a registered trademark of eXp Realty, LLC.

Reported Consolidated Results

Media relations contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360-419-5285, ext. 116
[email protected]

Investor relations contact:

Greg Falesnik
Managing Director, MZ Group – MZ North America
949-385-6449
[email protected]

The post eXp World Holdings Reports Record Third Quarter 2017 Results appeared first on eXp World Holdings.

SEATTLE — Nov. 1, 2017 — eXp Realty, LLC, a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), the agent-owned cloud brokerage^®, today announced new tools as part of its continuing investment in proprietary technology for real estate professionals.

It’s a New World

As eXp Realty grows, the place where our agents communicate, collaborate and have fun needs to grow right along with it. The company recently launched a new version of its cloud-based office “eXp World.” It includes creative elements as well as performance, stability and usability improvements. After a long day in the virtual office, agents can take one of the new speed boats out for a spin.

Based on feedback, many agents say they want to work alongside others instead of by themselves in eXp World. A popular workplace trend is a shared, community workspace. To that end, eXp Realty is testing a shared working environment where users can build community and collaborate in a team room.

Work Anywhere, Anytime

Real estate agents are inherently mobile and eXp Realty allows them to work anywhere, anytime through eXp World and its new mobile app. eXp World Mobile gives agents the convenience and flexibility to audibly join eXp World meeting rooms from anywhere. This app is perfect for helping on-the-go agents participate in trainings and events, along with company and team meetings from nearly anywhere.

Match Agents to Powerful Solutions

eXp Realty provides agents with the best tools and services to grow their business. eXp has a proprietary platform called eXp Enterprise that manages all of the company’s critical processes and information. It gives eXp agents autonomy and greater visibility into data that’s crucial to their real-time needs. A new dashboard in eXp Enterprise provides agents a quick view into their important business metrics such as production, transactions, commissions and capping status.

“eXp Realty believes in constant innovation to provide the best technology tools and services for agents to help them manage and grow their business,” said Scott Petronis, chief product and technology officer at eXp Realty. “We built eXp Enterprise with the entrepreneurial agent in mind. Agents can access their data when they want and how they want. eXp World offers a unique cloud technology solution that allows agents to gain instant, live support from eXp’s agent services, technology and finance experts from wherever an agent or team is located.”

About eXp Realty

eXp Realty, LLC, a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), is the Agent-Owned Cloud Brokerage^®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,000 agents in 44 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s websites at expworldholdings.com and exprealty.com.

Connect with eXp Realty and eXp World Holdings:

• Facebook – Canada, United States, investor relations
• Twitter – United States, investor relations
• LinkedIn – Canada and United States

The eXp Realty logo is available at https://expcloud.com/brand-resources. The agent-owned cloud brokerage is a registered trademark of eXp Realty, LLC.

Media relations contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360-419-5285, ext. 116
[email protected]

Investor relations contact:

Greg Falesnik
Managing Director, MZ Group – MZ North America
949-385-6449
[email protected]

The post eXp Realty Continues to Invest in Proprietary Technology for Agents appeared first on eXp World Holdings.