Reliance Global Group Q2 2023 revenue up 12% YoY; working capital rises $6.8M

Reliance Global Group, Inc.

2023-Q2 EPS reported -$1.33 revenue$7,135,008

Revenue increased 12% YoY for Q2 2023; 21% for first half 2023, driven by organic growth and RELI Exchange.
Loss from operations reduced by 30% in H1 2023 vs H1 2022; working capital up $6.8M (150%) since FY 2022 end.
Company consolidating standalone agencies under one brand to boost market presence and carrier commissions.
RELI Exchange investment largely complete; management believes scalable model is in place.
Conference call at 12:00 PM ET today to discuss results and outlook.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Reliance Global Group, Inc. reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023, Reliance Global Group, Inc. (the "Company") issued a press release announcing its financial results for the three and six months ended June 30, 2023.

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Reliance Global Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-027444

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