ZipRealty grows revenue, adds agents

Technology-based brokerage ZipRealty eked out a second-quarter profit of $324,000, as revenues grew 7 percent from a year ago, to $21.7 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $1.1 million.

ZipRealty, which also provides “Powered by Zip” referrals to other brokerages, said it boosted its agent count 7 percent from a year ago, to 1,611 as of June 30. That’s the biggest increase in year-over-year agent count since late 2010, and the company expects to finish the year with more than 1,700 agents.

Counting agents in the “Powered by Zip” network, a total of 2,095 agents relied on ZipRealty’s technology platform to serve consumers in 35 markets, the company said. Source: sec.gov.