secwatch.observer — SEC 8-K summary
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Issuer:     Reliance Global Group, Inc. (EZRA)
CIK:        0001812727
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001493152-23-018100
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Global restates 2022 quarterly results due to EPS errors; Q1 2023 revenue up 29%
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- Restating Q1, Q2, Q3 2022 EPS calculations due to improper sequencing and miscalculated numerator/denominator.
- Revenue, expenses and net income for 2022 quarters remain unchanged; only EPS affected.
- Material weakness in internal controls over financial reporting identified for those periods.
- Q1 2023 revenue up 29% YoY; operating costs down 9%; net operating results improved 60%.
- RELI Exchange platform now has over 250 agency partners; new life insurance quoting tool launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812727/000149315223018100/0001493152-23-018100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812727/000149315223018100/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-018100

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