Well, another quarter, another 7.5MM$ loss. Since expenses at ZIPR are relatively constant, as they pay salaries rather than commissions, then adding more sales should cover this amount.What would it take to make $7.5, assuming that the current agent revenue stays put? -- The total number of transactions closed was 4,171, compared to 3,121 in the first quarter last year.-- Average net transaction revenue per close decreased approximately 20.6% to $5,119 from $6,447 in the first quarter of 2008. http://tinyurl.com/caenh3$7,500,000/$5,100 = 1500 additional sales (numbers rounded)The good news is that 1500 additional sales per quarter comes out to: 36% above what they're doing today. That sounds promising, actually.Also, the 1500 additional sales comes out to 1 additional sale per quarter per 2 agents (they now employ almost an even 3000 agents).I think this is doable now that home prices are starting to stabilize. Should more areas flatline in 2009, we could potentially see a profit from ZIPR by the end of the year.Har1en
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