Reliance Global Group FY Sales $13.7M Up From $11.8M YoY, Net Loss $(12.0)M Down From Net Income $6.5M YoY
Portfolio Pulse from Benzinga Newsdesk
Reliance Global Group reported its FY sales at $13.7M, an increase from $11.8M year-over-year. However, the company experienced a significant shift from a net income of $6.5M last year to a net loss of $12.0M this year.
April 04, 2024 | 12:06 pm
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Reliance Global Group's FY report shows increased sales but a significant shift to a net loss from a previous net income.
The increase in sales indicates growth, but the shift from net income to a substantial net loss could concern investors and negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100