Reliance Global Q3 revenue up 5%; loss from ops improves 64%; positive AEBITDA

Reliance Global Group, Inc.

2024-Q3 EPS reported -$10.56 revenue$10,757,238

Commission income $3.44M (+5% YoY); total operating expenses $3.95M (-16% YoY).
Loss from operations improved 64% to $(512K); AEBITDA turned positive at $43K (+121% YoY).
Net loss $(837K); adjusted for warrant liability gain, net loss improved ~54% YoY.
Pending acquisition of Spetner Associates expected to close soon, doubling consolidated revenue.
Launched AI-powered Quote & Bind on RELI Exchange platform for commercial insurance.

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