RELI Earnings Prediction
The chart below shows how RELI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RELI sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
RELI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.44M
5.06%
6.44%
Gross Margin
61.53%
10.33%
5.98%
Operating Margin
-14.88%
-66.04%
-58.04%
Net Margin
-24.33%
473.82%
-47.18%
EPS
-0.67
-1240.00%
-98.57%
No Data Available
RELI Earnings Analysis
Reliance Global Group, Inc. Common Stock Corporation (RELI.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue for the quarter increased by 5% from the same period in 2023, rising from $3.3 million to $3.4 million, representing a $175,000 increase.
Operating Expenses Decrease: Total operating expenses for the quarter decreased by around 16% or $760,000 compared to the prior year's quarter.
Loss Improvement Achievement: This resulted in a significant improvement in our loss from operations, which improved by 64% or closed to $1 million.
EBITDA Improvement Analysis: Adjusted EBITDA came in at a $43,000 gain for Q3 of '24, effectively a $243,000 or 121% improvement from 2023.
Positive Adjusted EBITDA Growth: We are very pleased to report that this quarter brings positive adjusted EBITDA coming in at approximately $42,000 gain, representing a 121% increase from the same period in the prior year.
Negative
Quarterly Net Loss Comparison: Net loss for the quarter was approximately $837,000 compared to the prior year's third quarter net loss of around $1.39 million or $1.8 million when adjusted to exclude the $1.7 million gain from the fair value of warrant liability.
Operating Expenses Decrease: Total operating expenses for the quarter decreased by around 16% or $760,000 compared to the prior year's quarter, but this was primarily due to a $3.2 million intangible asset impairment charge.
Revenue Increase, Net Loss: Despite a 5% increase in revenue to $3.4 million, the company still reported a net loss, indicating ongoing financial challenges.
Commission Expense Increase: The company experienced a 13% rise in commission expense due to higher first-year commissions, which could impact future profitability.
Operating Costs Increase: Total operating costs increased by 19% due primarily to a $3.2 million intangible asset impairment charge, which negatively affected overall financial performance.
RELI FAQs
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Is Reliance Global Group, Inc. (RELI) Q3 2024 Earnings Call Summary positive or negative?
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RELI Earning Call Sentiment
Reliance Global Group, Inc. (RELI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
RELI.O
-1.37%Positive
The earnings call summary presents several positive elements: a 5% revenue growth, a significant improvement in adjusted EBITDA, and a successful capital structure simplification. The anticipated doubling of revenues from the Spetner acquisition and the launch of an AI-powered solution further enhance the outlook. Although there are risks associated with the acquisition and regulatory challenges, the overall sentiment is optimistic. The Q&A section suggests potential for cross-selling and stock buybacks, which are positive indicators. Given these factors, the stock price is likely to move positively over the next two weeks.
