eXp World Holdings, Inc. (NASDAQ:EXPI) Q4 2022 Earnings Call Transcript

On a web-based version, you don’t have to update client-side software, there’s stuff that’s updated in the browser. And so for me, that feels a lot more modern in terms of the infrastructure and tool set where Frame is already in the Microsoft Teams app store, I believe. It’s got a lot of — it’s getting some of the same commercial clients that are using VirBELA are coming up with use cases on the Frame side, and we continue to see Frame as being something that’s used more and more inside of eXp as an alternative to going into VirBELA. And I know the road map for Frame is such that over time, it will be able to support hundreds of thousands of simultaneous users similar to VirBELA. And so as it scales, I think it’s a natural that will move over to Frame.

But timing don’t have an expected time line, but I wouldn’t be surprised if next year, during this earnings call, we do it in Frame as opposed to VirBELA.

Denise Garcia: Great. Got it. So before we close the call, I just want to remind everyone in the audience here that eXp’s Shareholder Summit will take place in May 17 through 20 in Orlando, Florida this year. We’d like to invite all the analysts, investors and agents to join us for shareholder specific sessions of the event. So please register at expshareholderssummit.com. And as always, please stay connected by visiting expworldholdings.com for the latest updates on eXp news results and events. Additionally, you’ll find a recording of this call and our latest investor presentation on the Investors section of the site. Thank you for joining us today. This concludes the eXp World Holdings fourth quarter and full year 2022 earnings fireside chat.