See more : Hummingbird Resources PLC (HUM.L) Income Statement Analysis – Financial Results
Complete financial analysis of Reliance Global Group, Inc. (RELI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Reliance Global Group, Inc., a leading company in the Insurance – Brokers industry within the Financial Services sector.
You may be interested
- Diamond Power Infrastructure Limited (DIAPOWER.NS) Income Statement Analysis – Financial Results
- Wing Tai Properties Limited (0369.HK) Income Statement Analysis – Financial Results
- New Gold Inc. (NGD.TO) Income Statement Analysis – Financial Results
- Angel Wing Metals Inc. (HEXPF) Income Statement Analysis – Financial Results
- OpenDoor Inc. (3926.T) Income Statement Analysis – Financial Results
Reliance Global Group, Inc. (RELI)
About Reliance Global Group, Inc.
Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.73M | 16.76M | 9.71M | 7.28M | 4.45M | 20.65K | 39.07K | 18.90K | 75.60K | 213.13K | 43.40K |
| Cost of Revenue | 11.24M | 11.98M | 7.10M | 5.22M | 3.02M | 101.89K | 3.08K | 19.04K | 114.67K | 89.83K | 67.27K |
| Gross Profit | 2.50M | 4.78M | 2.61M | 2.06M | 1.43M | -81.24K | 35.99K | -141.00 | -39.06K | 123.30K | -23.87K |
| Gross Profit Ratio | 18.18% | 28.52% | 26.88% | 28.24% | 32.10% | -393.43% | 92.13% | -0.75% | -51.67% | 57.85% | -55.00% |
| Research & Development | 0.00 | 1.83 | -2.17 | -0.50 | -0.79 | 20.42 | 49.00K | -44.10 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.09M | 6.72M | 3.59M | 4.21M | 3.64M | 826.44K | 128.15K | 487.01K | 251.87K | 195.59K | 11.69K |
| Selling & Marketing | 364.97K | 2.58M | 325.84K | 168.78K | 165.57K | 6.31K | 0.00 | 0.00 | 0.00 | 0.00 | 48.00K |
| SG&A | 4.45M | 9.30M | 3.92M | 4.37M | 3.80M | 20.42 | 128.15K | 487.01K | 251.87K | 195.59K | 59.69K |
| Other Expenses | 11.92M | 2.80M | 1.61M | 1.33M | 727.98K | 1.47M | 324.17K | 346.40K | 339.19K | 271.29K | 0.00 |
| Operating Expenses | 16.38M | 12.10M | 5.52M | 5.70M | 4.53M | 1.44M | 501.32K | 833.41K | 591.06K | 466.88K | 275.75K |
| Cost & Expenses | 27.61M | 24.08M | 12.62M | 10.92M | 7.55M | 300.00 | 504.39K | 852.45K | 705.73K | 556.71K | 343.02K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.66M | 918.03K | 0.00 | 0.00 | 0.00 | 0.00 | 179.66K | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.61M | -10.72M | 30.50M | 10.92M | 7.46M | 1.07M | 504.39K | 852.45K | 339.19K | 271.29K | 216.06K |
| EBITDA | -5.76M | -3.94M | -1.31M | -2.30M | -2.38M | -491.79K | -141.16K | -487.15K | -290.94K | -72.29K | -83.56K |
| EBITDA Ratio | -41.95% | -114.68% | 168.35% | -38.85% | -53.38% | -2,381.55% | -361.31% | -2,577.51% | -393.01% | -33.92% | -192.52% |
| Operating Income | -13.88M | -7.33M | 14.74M | -3.64M | -3.10M | 88.42K | -960.56K | -833.55K | -630.13K | -343.58K | -299.62K |
| Operating Income Ratio | -101.07% | -43.72% | 151.80% | -50.06% | -69.74% | 428.18% | -2,458.70% | -4,410.30% | -833.46% | -161.20% | -690.35% |
| Total Other Income/Expenses | 3.85M | -922.89K | -18.19M | -54.59K | -391.57K | -337.18K | -1.62M | 0.00 | 6.20K | 0.00 | 0.00 |
| Income Before Tax | -10.03M | 6.47M | -21.10M | -3.70M | -3.50M | -961.62K | -2.58M | -833.55K | -623.93K | -343.58K | -299.62K |
| Income Before Tax Ratio | -73.01% | 38.59% | -217.28% | -50.81% | -78.54% | -4,656.76% | -6,599.85% | -4,410.30% | -825.26% | -161.20% | -690.35% |
| Income Tax Expense | 0.00 | -28.17M | 17.65M | -508.70K | -3.01M | -1.05M | -1.75M | -833.55K | -6.20K | 0.00 | 0.00 |
| Net Income | -12.01M | 34.63M | -38.75M | -3.19M | -3.50M | 421.75K | -2.58M | -833.55K | -623.93K | -343.58K | -299.62K |
| Net Income Ratio | -87.46% | 206.68% | -399.07% | -43.83% | -78.54% | 2,042.38% | -6,599.85% | -4,410.30% | -825.26% | -161.20% | -690.35% |
| EPS | -4.26 | 31.63 | -57.57 | -8.16 | -18.22 | 6.72K | -115.52 | -37.79 | -28.80 | -16.65 | -15.60 |
| EPS Diluted | -72.39 | 31.63 | -57.57 | -8.16 | -18.22 | 6.72K | -115.52 | -37.79 | -28.80 | -16.65 | -15.60 |
| Weighted Avg Shares Out | 2.82M | 1.09M | 673.14K | 390.87K | 191.85K | 62.73 | 22.32K | 22.06K | 21.67K | 20.64K | 19.20K |
| Weighted Avg Shares Out (Dil) | 165.90K | 1.09M | 673.14K | 390.87K | 191.85K | 62.73 | 22.32K | 22.06K | 21.67K | 20.64K | 19.20K |
Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants
LAKEWOOD, N.J, June 20, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that its final large institutional investor has redeemed all of its outstanding Series B and Series G warrants....
Why Is Reliance Global (RELI) Stock Up 283% Today?
Reliance Global (NASDAQ: RELI ) stock is rocketing higher on Tuesday after the wholesale and retail insurance agencies management company provided an acquisition update. Reliance Global says that it continues to make progress on its acquisition of Spetner Associates.
Reliance Global Group Provides Update on Pending Spetner Acquisition
Transformational acquisition expected to close in the second half of 2024 Projected to double Company's annualized revenue to approximately $28 million LAKEWOOD, N.J., June 18, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or...
Millionaire Makers: 7 Stocks You Can Buy for $2 That Can 10X by 2025
Making millions through the stock market is only possible in a few ways. Investors need one of these three things: Massive sums of capital to begin with Decades of time and more modest sums of capital More modest sums of...
Reliance Global Group, Inc. (RELI) Q1 2024 Earnings Call Transcript
Reliance Global Group, Inc. (NASDAQ:RELI ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and Chief Executive Officer Joel Markovits - Chief Financial Officer Conference Call...
Reliance Global Group Reports First Quarter 2024 Results and Provides Business Update
Definitive agreement to acquire Spetner Associates marks significant milestone in Company's evolution Expected to more than double current revenue to approximately $28 million and contribute meaningful EBITDA Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J.,...
Reliance Global Group Announces Game-Changing Acquisition of Spetner Associates; Projected to Double Company's Revenue
Integration expected to drive significant EBITDA growth and shareholder value in 2024 Spetner's BenManage Benefits enrollment company serving over 75,000 Employees Reliance focused on building a leading, tech-driven, multi-billion-dollar insurance enterprise LAKEWOOD, N.J., May 15, 2024 (GLOBE NEWSWIRE) -- Reliance...
Reliance Global Group Inc.: Invitation to EF Hutton Annual Global Conference
Lakewood, New Jersey--(Newsfile Corp. - April 23, 2024) - Reliance Global Group Inc. (NASDAQ: RELI) (NASDAQ: RELIW) will be participating in the EF Hutton Annual Global Conference, which will take place on May 15, 2024 at The Plaza Hotel in...
Reliance Global Group's Revenue Grows by 17% and 40% in 2023 Compared to 2022 and 2021, respectively
Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions
Reliance Global Group Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, April 03, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, April 4, 2024, at 1:00 PM Eastern Time to discuss financial...
Source: https://incomestatements.info
Category: Stock Reports