Reliance Global Group projects FY2022 revenue >$16.5M, up >70% YoY

Reliance Global Group, Inc.

Preliminary 2022 revenue guidance of more than $16.5 million, representing >70% increase over 2021.
Growth attributed to Barra & Associates (renamed RELI Exchange) and InsurTech platform adoption.
RELI Exchange expected to be a key organic growth driver in 2023, CEO says.
CEO cites highly scalable business model aiming for future profitability and shareholder value.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reliance Global Group, Inc. reported the 2022 fiscal year results: revenue more than $16.5 million.

Period: the 2022 fiscal year
Revenue: more than $16.5 million
Result: preliminary results

Exact text from the filing

traditional insurance agency, today provided preliminary revenue guidance for the 2022 fiscal year. The Company currently projects revenue for the 2022 fiscal year of more than $16.5 million, an increase of greater than 70% compared to 2021. Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, “I am pleased to report that we are projecting more than a 70%

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Source: SEC EDGAR

accession 0001493152-23-007833

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