EXCLUSIVE: Janover's Q3 Revenue Rises 6%, CEO Eyes Boost in Recurring Sales and Larger Loans

On Wednesday, Janover Inc (NASDAQ:JNVR) announced its financial results for the third quarter ended September 30, 2024.

Revenue for the three months ended September 30, 2024, was approximately $619,000, up 6% from the previous year. Revenue increased sequentially by approximately 40%.

Also Read: EXCLUSIVE: Janover Scores New Deal With Real Estate Firm For AI Client Engagement Tools

During fiscal 2024, Janover focused on more considerable loan opportunities, which should increase its average loan size.

With the acquisition of Groundbreaker and the recent launch of Insurtech, an increasing portion of Janover’s total revenue will be recurring revenue, where it will receive annual, quarterly, and monthly subscriptions, as well as yearly insurance premium commissions.

For the quarter ended September 30, 2024, approximately 22% of Janover’s total revenue was recurring revenue ...