ZipRealty reports first-quarter loss Premium Content

Revenues up 8% as profit falls at brokerage company

Inman News®

Real estate brokerage firm ZipRealty today reported a net loss of $800,000, or 4 cents a share, for the first quarter, down from a $700,000 profit during the same quarter a year ago.

Meanwhile, net revenues increased 8 percent to $19.2 million from last year.

The company also announced plans to enter Palm Beach, Fla., and the greater Philadelphia area by the end of the year.

"In terms of new market activity for the period, we commenced operations in Tampa and were particularly pleased that Houston reached profitabil

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