View Future GrowthReliance Global Group 과거 순이익 실적과거 기준 점검 0/6Reliance Global Group 의 수입은 연평균 -10.8%의 비율로 감소해 온 반면, Insurance 산업은 연평균 14.6%의 비율로 증가했습니다. 매출은 연평균 8.7%의 비율로 증가해 왔습니다.핵심 정보-10.79%순이익 성장률78.74%주당순이익(EPS) 성장률Insurance 산업 성장률8.02%매출 성장률8.73%자기자본이익률-90.61%순이익률-55.92%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 11First quarter 2026 earnings released: US$0.086 loss per share (vs US$0.67 loss in 1Q 2025)First quarter 2026 results: US$0.086 loss per share (improved from US$0.67 loss in 1Q 2025). Revenue: US$3.83m (down 9.7% from 1Q 2025). Net loss: US$1.47m (loss narrowed 15% from 1Q 2025).공시 • May 06Reliance Global Group, Inc. to Report Q1, 2026 Results on May 07, 2026Reliance Global Group, Inc. announced that they will report Q1, 2026 results on May 07, 2026Reported Earnings • Mar 12Full year 2025 earnings released: US$1.28 loss per share (vs US$9.01 loss in FY 2024)Full year 2025 results: US$1.28 loss per share (improved from US$9.01 loss in FY 2024). Revenue: US$12.4m (down 12% from FY 2024). Net loss: US$6.99m (loss narrowed 23% from FY 2024). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 5 percentage points per year.Reported Earnings • Nov 09Third quarter 2025 earnings released: US$0.20 loss per share (vs US$0.67 loss in 3Q 2024)Third quarter 2025 results: US$0.20 loss per share. Revenue: US$2.50m (down 28% from 3Q 2024). Net loss: US$1.16m (loss widened 38% from 3Q 2024).공시 • Nov 04Reliance Global Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025Reliance Global Group, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025Reported Earnings • Aug 01Second quarter 2025 earnings released: US$0.85 loss per share (vs US$2.76 loss in 2Q 2024)Second quarter 2025 results: US$0.85 loss per share. Revenue: US$3.09m (down 4.5% from 2Q 2024). Net loss: US$2.71m (loss widened 82% from 2Q 2024).모든 업데이트 보기Recent updates공시 • May 14Reliance Global Group Announces Reverse Stock Split to Regain Compliance with the $1.00 Minimum Bid Price Requirement for Continued Listing on the Nasdaq Capital MarketReliance Global Group, Inc. announced that the Company’s Board of Directors approved a 1-for-40 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock (the “Common Stock”) in order to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Rule 5550(a)(2)). The Company was not required to obtain shareholder approval to effectuate the Reverse Stock Split.Reported Earnings • May 11First quarter 2026 earnings released: US$0.086 loss per share (vs US$0.67 loss in 1Q 2025)First quarter 2026 results: US$0.086 loss per share (improved from US$0.67 loss in 1Q 2025). Revenue: US$3.83m (down 9.7% from 1Q 2025). Net loss: US$1.47m (loss narrowed 15% from 1Q 2025).공시 • May 06Reliance Global Group, Inc. to Report Q1, 2026 Results on May 07, 2026Reliance Global Group, Inc. announced that they will report Q1, 2026 results on May 07, 2026공시 • Mar 27Reliance Global Group Launches RELI Exchange 2.0 to Drive Faster, More Efficient GrowthReliance Global Group, Inc. announced the launch of RELI Exchange 2.0, the next phase of its InsurTech platform for independent insurance agencies, designed to expand recruiting capacity, improve execution and position the platform for faster, more efficient growth. In February 2026, Reliance reported that health insurance policies written through RELI Exchange during the 2025 open enrollment period increased 72% year over year, Personal Lines Property and Casualty written premium increased 36% year over year, and the broker network expanded from approximately 65 to approximately 300 agency partners since 2022. RELI Exchange 2.0 is designed to build on that momentum by making the platform faster, more disciplined, and more effective as a growth engine. The upgrade brings recruiting activity into a centralized operating environment with defined pipeline stages, integrated task management, and full communication tracking. Reliance believes these enhancements can support faster follow-up, better prioritization, stronger recruiter productivity, greater outreach capacity, and stronger forecasting, while enabling the Company to manage higher recruiting volumes with greater speed and efficiency as the platform continues to expand.공시 • Mar 13Reliance Global Group, Inc., Annual General Meeting, Apr 29, 2026Reliance Global Group, Inc., Annual General Meeting, Apr 29, 2026.Reported Earnings • Mar 12Full year 2025 earnings released: US$1.28 loss per share (vs US$9.01 loss in FY 2024)Full year 2025 results: US$1.28 loss per share (improved from US$9.01 loss in FY 2024). Revenue: US$12.4m (down 12% from FY 2024). Net loss: US$6.99m (loss narrowed 23% from FY 2024). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 5 percentage points per year.공시 • Jan 30+ 1 more updateReliance Global Group, Inc. has completed a Composite Units Offering in the amount of $1.999812 million.Reliance Global Group, Inc. has completed a Composite Units Offering in the amount of $1.999812 million. Security Name: Units Security Type: Debt/Equity Composite Units Securities Offered: 7,219,259 Price\Range: $0.27 Discount Per Security: $0.0189 Security Name: Common Stock Security Type: Common Stock Securities Offered: 7,219,259 Security Name: Pre Funded Units Security Type: Debt/Equity Composite Units Securities Offered: 188,149 Price\Range: $0.269 Discount Per Security: $0.0189공시 • Jan 28Reliance Global Group, Inc. Promotes Moshe Fishman to Senior Vice President, Strategic VenturesReliance Global Group, Inc. announced the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures. In this expanded role, Mr. Fishman will continue to drive the growth of Reliance’s core insurance and insurtech operations while leading the Company’s efforts to identify and execute opportunities through EZRA Group International (“EZRA”), Reliance’s strategic acquisition initiative. Since joining Reliance in 2021, Mr. Fishman has been a driving force in incorporating technology and artificial intelligence into the Company’s insurance operations, helping modernize workflows, improve data utilization, and support scalable growth through greater operating efficiency. In his new role, Mr. Fishman will lead the execution and scaling of the EZRA platform, including sourcing and evaluating opportunities, structuring and leading transactions, and working closely with acquired companies after closing, while continuing to support day-to-day operations of the Company’s core insurance business. He has been deeply involved throughout the transaction process on current initiatives, working hands-on with counterparties to advance acquisitions from initial structuring through closing and integration. Mr. Fishman has been closely involved in Reliance’s recently announced majority stake acquisition in Scentech Medical, an AI-driven diagnostics company focused on early disease detection, and Enquantum Ltd., a cybersecurity company developing post-quantum encryption and next-generation data protection technologies.New Risk • Jan 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (476% increase in shares outstanding). Market cap is less than US$10m (US$4.09m market cap).공시 • Dec 30An undisclosed buyer completed the acquisition of U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI).An undisclosed buyer signed a letter of intent to acquire U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI) on December 11, 2025. The agreement is subject to execution of a definitive purchase agreement, as well as customary closing conditions. The Company expects the transaction to close within the next 30 days as of December 11, 2025. 50% of Net Proceeds to Further Reduce Debt. An undisclosed buyer completed the acquisition of U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI) on December 29, 2025.공시 • Dec 20Reliance Global Group Receives Non-Compliance Notice from NASDAQReliance Global Group, Inc. (NasdaqCM:RELI) (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the symbol “RELI,” and the Company is currently monitoring the closing bid price of its common stock and evaluating its alternatives, if appropriate, to resolve the deficiency and regain compliance with this rule. The Nasdaq rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price for the last 30 consecutive business days as of December 12, 2025, the Company no longer met this requirement. The Bid Price Notice indicated that the Company has been provided 180 calendar days, or until June 10, 2026, in which to regain compliance. If at any time during this period the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Nasdaq Staff will provide the Company with a written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with Rule 5550(a)(2) prior to the expiration of the 180 calendar day period, but meets the continued listing requirement for market value of publicly held shares and all of the other applicable standards for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary, then the Company may be granted an additional 180 calendar days to regain compliance with Rule 5550(a)(2). There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements. The Company is considering actions that it may take in response to the Bid Price Notice in order to regain compliance with the continued listing requirements, but no decisions regarding a response have been made at this time.공시 • Dec 12An undisclosed buyer signed a letter of intent to acquire U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI).An undisclosed buyer signed a letter of intent to acquire U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI) on December 11, 2025. The agreement is subject to execution of a definitive purchase agreement, as well as customary closing conditions. The Company expects the transaction to close within the next 30 days as of December 11, 2025. 50% of Net Proceeds to Further Reduce Debt.공시 • Dec 10Reliance Global Group, Inc. Announces Deploying Additional Cash to Increase Its Zcash (Zec) PositionReliance Global Group, Inc. announced that it has deployed additional cash to increase its Zcash (ZEC) position. This additional allocation to the Company’s Digital Asset Treasury (“DAT”) reflects the Company’s internal view that ZEC may be an institutionally adaptable and technologically resilient privacy-enabled digital asset and may play a meaningful role in its long-term treasury strategy. Zcash’s dual architecture which combines transparent auditability with optional privacy in the Company’s view supports its appeal to organizations seeking digital assets that can be implemented for regulated environments. Reliance’s decision to add to its position reflects the Company’s view that ZEC is supported by technology and a use-case-driven foundation that it believes aligns with long-term treasury and risk management objectives.공시 • Nov 20Reliance Global Group, Inc. Appoints Blake Janover as Chairman of Its Crypto Advisory BoardReliance Global Group, Inc. announced the appointment of Blake Janover, a recognized pioneer in bringing digital assets into public markets, as Chairman of the Companys Crypto Advisory Board (CAB). In this role, Mr. Janover will advise Reliance on its Digital Asset Treasury (DAT) initiative and other blockchain-related strategies designed to accelerate innovation, efficiency, and long-term shareholder value across the Companys InsurTech and financial operations. Mr. Janover is widely regarded as a leader in bringing blockchain and decentralized finance (DeFi) innovation to the public markets. He was the Founder, Chairman, and Chief Executive Officer of Janover, which he took public in 2023 under the ticker Nasdaq: JNVR before leading its transition into Defi Development Corporation, the first publicly traded company to announce a Digital Asset Transformation (DAT) strategy outside of Bitcoin on the Nasdaq or NYSE. He currently serves as Chief Commercial Officer and a Member of the Board of Directors at Defi Development Corporation, where he continues to participate in shaping the integration of decentralized finance within regulated corporate and financial frameworks. Mr. Janover also serves on the Crypto Advisory Board of Caliber Cos, a Nasdaq listed public company and has been featured in Forbes, Bloomberg, and other leading financial media outlets. His most recent work continues to bridge traditional finance and digital assets, making him uniquely positioned to guide Reliances digital asset initiatives. Mr. Janover brings a distinguished record of leadership and innovation. He has more than 20 years of experience as an entrepreneur and operator and has been involved in billions of dollars of commercial property transactions, as well as served as a principal in more than half a billion dollars of equity capital markets transactions. He currently serves as a Member of the Board of Soulpower Acquisition Corp, a SPAC traded on the NYSE and was an Official Member of the Forbes Real Estate Council and an On Deck Proptech and Scale Fellow. He is also a Harvard Business School alumnus (OPM 60), NATSEC Fellow at the National War College Alumni Association, and a Guest Lecturer and Mentor at Reichman Universitys Zell Entrepreneurship Program. As Chairman of the Crypto Advisory Board, Mr. Janover will collaborate with management and the Board of Directors to advance Reliances DAT strategy, digital asset initiatives, and capital markets strategy, aimed at supporting the execution of these programs with discipline and a focus on sustainable value creation. In addition to his DAT advisory role, Mr. Janover will help Reliance explore opportunities to tokenize insurance-linked assets, an emerging blockchain application designed to unlock new avenues for value creation within the insurance-linked marketplace.분석 기사 • Nov 15A Piece Of The Puzzle Missing From Reliance Global Group, Inc.'s (NASDAQ:RELI) Share PriceWhen close to half the companies operating in the Insurance industry in the United States have price-to-sales ratios...Reported Earnings • Nov 09Third quarter 2025 earnings released: US$0.20 loss per share (vs US$0.67 loss in 3Q 2024)Third quarter 2025 results: US$0.20 loss per share. Revenue: US$2.50m (down 28% from 3Q 2024). Net loss: US$1.16m (loss widened 38% from 3Q 2024).공시 • Nov 08Reliance Global Group, Inc. Approves Special Cash Dividend, Payable on or About December 2, 2025Reliance Global Group, Inc. approved a special cash dividend of $0.03 per share, payable on or about December 2, 2025, to shareholders of record as of October 30, 2025.공시 • Nov 04Reliance Global Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025Reliance Global Group, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025공시 • Sep 29Reliance Global Group, Inc. Declares Special Dividend, Payable on or About December 2, 2025Reliance Global Group, Inc. announced that its Board of Directors has declared a special cash dividend of $0.03 per common share, payable on or about December 2, 2025, to stockholders of record as of October 30, 2025.공시 • Aug 14Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $2.026453 million.Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $2.026453 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Aug 01Second quarter 2025 earnings released: US$0.85 loss per share (vs US$2.76 loss in 2Q 2024)Second quarter 2025 results: US$0.85 loss per share. Revenue: US$3.09m (down 4.5% from 2Q 2024). Net loss: US$2.71m (loss widened 82% from 2Q 2024).공시 • Jun 19Reliance Global Group, Inc. announced that it expects to receive $2.500001 million in fundingReliance Global Group, Inc. announced that it has entered into a definitive agreement to issue 1,488,096 common shares or pre-funded warrants at an issue price of $1.68 and short-term warrants to purchase up to an aggregate of 2,976,192 shares of common stock for gross proceeds of $2,500,001.28, before deducting placement agent fees and other offering expenses payable by the company on June 18, 2025. The warrants exercise price is of $1.43and will expire two years from the effective date of the resale registration statement. The offering is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions. The shares of common stock, pre-funded warrants and short-term warrants were offered in a private placement under section 4(a)(2) of the securities act of 1933, as amended and Regulation D promulgated thereunder and, along with the shares of common stock underlying the pre-funded warrants and short-term warrants, have not been registered under the Act or applicable state securities laws.분석 기사 • Jun 18Investors Still Aren't Entirely Convinced By Reliance Global Group, Inc.'s (NASDAQ:RELI) Revenues Despite 78% Price JumpReliance Global Group, Inc. ( NASDAQ:RELI ) shares have had a really impressive month, gaining 78% after a shaky period...New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.2m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (493% increase in shares outstanding). Market cap is less than US$10m (US$3.51m market cap).Reported Earnings • May 15First quarter 2025 earnings released: US$0.67 loss per share (vs US$13.84 loss in 1Q 2024)First quarter 2025 results: US$0.67 loss per share (improved from US$13.84 loss in 1Q 2024). Revenue: US$4.24m (up 3.8% from 1Q 2024). Net loss: US$1.74m (loss narrowed 68% from 1Q 2024).공시 • Apr 16Reliance Global Group, Inc., Annual General Meeting, May 29, 2025Reliance Global Group, Inc., Annual General Meeting, May 29, 2025.분석 기사 • Apr 11Slammed 30% Reliance Global Group, Inc. (NASDAQ:RELI) Screens Well Here But There Might Be A CatchTo the annoyance of some shareholders, Reliance Global Group, Inc. ( NASDAQ:RELI ) shares are down a considerable 30...공시 • Mar 20Reliance Global Group, Inc. Launches Reli Auto LeasingReliance Global Group, Inc. announced the launch of RELI Auto Leasing, a groundbreaking service that enables RELI Exchange Agency Partners to seamlessly offer vehicle leasing to their clients while earning commissions on both the lease and the residual insurance policy. This innovative initiative reinforces the Company’s commitment to expanding revenue opportunities for agency partners while maintaining a strong focus on insurance services. Home and auto policies are the core products of personal lines insurance. When clients seek a new vehicle, their insurance agent is often part of the discussion, advising on coverage options and facilitating policy transitions. After a vehicular accident, clients often look toward their insurance agent to discuss how to approach their replacement vehicle. Using their newly launched RELI Auto Leasing, insurance agents can now connect clients to vehicle leasing options without stepping outside their core business. Clients benefit from a wide selection of vehicles, all available for delivery anywhere in the U.S., offering unmatched convenience. Whether seeking a new lease or upgrading a current vehicle, clients are now able to enjoy a streamlined process with guidance from a trusted insurance advisor. By bridging the gap between auto leasing and insurance, RELI Exchange empowers agency partners to deepen client relationships, foster long-term loyalty, and generate additional income—without added complexity.Reported Earnings • Mar 07Full year 2024 earnings released: US$9.01 loss per share (vs US$75.74 loss in FY 2023)Full year 2024 results: US$9.01 loss per share (improved from US$75.74 loss in FY 2023). Revenue: US$14.1m (up 2.3% from FY 2023). Net loss: US$9.07m (loss narrowed 28% from FY 2023).분석 기사 • Feb 19Take Care Before Jumping Onto Reliance Global Group, Inc. (NASDAQ:RELI) Even Though It's 26% CheaperReliance Global Group, Inc. ( NASDAQ:RELI ) shares have retraced a considerable 26% in the last month, reversing a fair...공시 • Feb 18Reliance Global Group Expands Reliance Global Group, Inc. Commercial Quote & Bind InsurTech Platform Following Successful Beta LaunchReliance Global Group, Inc. announced a significant expansion of its Commercial Quote & Bind InsurTech solution on RELI Exchange, building off the highly successful beta launch late last year. This expansion brings additional carriers and more product offerings to RELI Exchange's agent distribution channel, with plans to continuously introduce new lines of business and carriers in the coming months.New Risk • Feb 13New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$45k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Share price has been highly volatile over the past 3 months (50% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (US$3.00m market cap). Minor Risk Significant insider selling over the past 3 months (US$45k sold).분석 기사 • Dec 31Market Might Still Lack Some Conviction On Reliance Global Group, Inc. (NASDAQ:RELI) Even After 72% Share Price BoostReliance Global Group, Inc. ( NASDAQ:RELI ) shares have had a really impressive month, gaining 72% after a shaky period...분석 기사 • Dec 24Here's Why Shareholders May Want To Be Cautious With Increasing Reliance Global Group, Inc.'s (NASDAQ:RELI) CEO Pay PacketKey Insights Reliance Global Group to hold its Annual General Meeting on 31st of December Salary of US$338.9k is part...New Risk • Nov 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Market cap is less than US$10m (US$2.21m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).분석 기사 • Nov 16It's Down 35% But Reliance Global Group, Inc. (NASDAQ:RELI) Could Be Riskier Than It LooksTo the annoyance of some shareholders, Reliance Global Group, Inc. ( NASDAQ:RELI ) shares are down a considerable 35...Reported Earnings • Nov 10Third quarter 2024 earnings released: US$0.67 loss per share (vs US$0.78 loss in 3Q 2023)Third quarter 2024 results: US$0.67 loss per share. Revenue: US$3.44m (up 5.1% from 3Q 2023). Net loss: US$837.3k (loss widened US$698.3k from 3Q 2023).공시 • Oct 01Reliance Global Group Launches Beta Version of Advanced Quote & Bind InsurTech Solution for Commercial Policies, Head of ScheduleReliance Global Group, Inc. announced the official launch of the beta version of its highly anticipated AI-powered Quote & Bind InsurTech solution for commercial policies. Initially scheduled for release in Fourth Quarter 2024, the new solution has been launched ahead of schedule, giving RELI Exchange agency partners immediate access to this cutting-edge technology. The solution, now live on the RELI Exchange platform, enables agents to generate real-time quotes and bind commercial insurance policies instantly from their dashboard. This advanced system covers a wide range of commercial insurance lines, including workers' compensation, general liability, cyber liability, business owner's policies, and executive coverages such as directors & officers (D&O) insurance and employment practices liability insurance (EPLI). The early launch of the Quote & Bind solution is set to rapidly enhance revenue streams for RELI Exchange partners by streamlining the traditionally labor-intensive quoting process for commercial policies. Agents can now offer clients faster, more competitive quotes and bind coverage instantly, transforming how commercial insurance is transacted with the help of AI automation. With the solution now in beta, RELI Exchange is already gathering valuable feedback from its users to refine and enhance the platform. The Company expects this AI-driven feature to contribute significantly to premium volume growth and anticipates millions of dollars in new premiums being added to its books in the coming year.분석 기사 • Aug 15Positive Sentiment Still Eludes Reliance Global Group, Inc. (NASDAQ:RELI) Following 39% Share Price SlumpUnfortunately for some shareholders, the Reliance Global Group, Inc. ( NASDAQ:RELI ) share price has dived 39% in the...Board Change • Aug 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Sheldon Brickman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Jul 30Reliance Global Group, Inc. Announces Advanced Quote & Bind InsurTech Solution for Commercial Policies Launching in Fourth Quarter 2024Reliance Global Group, Inc. unveiled its new, advanced AI-powered Quote & Bind cutting-edge InsurTech solution for commercial policies, designed to significantly enhance the capabilities of RELI Exchange agency partners. The Company plans to launch the new offering in the fourth quarter of 2024. The new Quote & Bind solution, integrated within the RELI Exchange platform, leverages artificial intelligence, enabling agents to provide real-time commercial insurance quotes from multiple carriers and bind policies in real time from the RELI Exchange agent dashboard. These new commercial lines of insurance include workers' compensation, business owners, general liability, cyber liability, and inland marine, as well as executive lines, such as directors & officers (D&O) insurance and employment practices liability insurance (EPLI).공시 • Jul 26Reliance Global Group, Inc. Provides Revenue Guidance for the Year 2024Reliance Global Group, Inc. provided revenue guidance for the year 2024. For the year, the company projects to double annual revenue to Approximately $28 Million.공시 • May 17Reliance Global Group, Inc. announced delayed 10-Q filingOn 05/15/2024, Reliance Global Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • May 16Reliance Global Group, Inc. (NasdaqCM:RELI) signed a definitive agreement to acquire 80% stake in Spetner Associates, Inc. from Jonathan Spetner and Michelle Spetner for $13.7 million.Reliance Global Group, Inc. (NasdaqCM:RELI) signed a definitive agreement to acquire 80% stake in Spetner Associates, Inc. from Jonathan Spetner and Michelle Spetner for $13.7 million on May 14, 2024. Under the agreement, Reliance Global Group acquire eighty percent (80%) of the issued and outstanding shares (24,000 Shares) of common stock, par value $1.00 per share, of Spetner (the “Spetner Common Stock”) for the amount of $13,714,286.00 (which shall be paid in $8 million cash, the issuance of certain shares of common stock of the Company, and the issuance of a promissory note of the Company); and (ii) have the sole option to acquire the remaining twenty percent (20% i.e 6000 shares) of the Spetner Common Stock for the amount that is equal to the product of ten (10) times twenty percent (20%) of Spetner’s final annual EBITDA (as defined in the Agreement) for the most recently completed fiscal year prior to the fiscal year in which the Company elects to exercise such option to acquire additional shares of Spetner Common Stock. In connection with the transactions contemplated by the Agreement, the Company shall undertake a private or public offering of the Company’s shares of common stock with the goal of raising approximately $10 million in net proceeds. The closing of the transaction is subject to approval from Board of Directors of Reliance Global Group and the effectiveness of registration statement by SEC. Laura Anthony of Anthony, Linder & Cacomanolis, PLLC acted as legal advisor for Reliance Global and Albert S. Watkins and Kodner Watkins of K&W acted as legal advisors for Spetner.공시 • Apr 02Reliance Global Group, Inc. announced delayed annual 10-K filingOn 04/01/2024, Reliance Global Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.공시 • Feb 16Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $0.858637 million.Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $0.858637 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering공시 • Jan 17Reliance Global Group Receives Non-Compliance Notice from NasdaqOn January 12, 2024, Reliance Global Group, Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the symbol “RELI,” and the Company is currently monitoring the closing bid price of its common stock and evaluating its alternatives, if appropriate, to resolve the deficiency and regain compliance with this rule. The Nasdaq rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price for the last 30 consecutive business days as of January 12, 2024, the Company no longer met this requirement. The Bid Price Notice indicated that the Company has been provided 180 calendar days, or until July 10, 2024, in which to regain compliance. If at any time during this period the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Nasdaq Staff will provide the Company with a written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with Rule 5550(a)(2) prior to the expiration of the 180 calendar day period, but meets the continued listing requirement for market value of publicly held shares and all of the other applicable standards for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary, then the Company may be granted an additional 180 calendar days to regain compliance with Rule 5550(a)(2). There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements. The Company is considering actions that it may take in response to the Bid Price Notice in order to regain compliance with the continued listing requirements, but no decisions regarding a response have been made at this time.분석 기사 • Dec 21It's Down 43% But Reliance Global Group, Inc. (NASDAQ:RELI) Could Be Riskier Than It LooksTo the annoyance of some shareholders, Reliance Global Group, Inc. ( NASDAQ:RELI ) shares are down a considerable 43...공시 • Nov 22Reliance Global Group, Inc. has withdrawn its Follow-on Equity Offering.Reliance Global Group, Inc. has withdrawn its Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock공시 • Nov 21Reliance Global Group, Inc. has filed a Follow-on Equity Offering.Reliance Global Group, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common StockReported Earnings • Nov 16Third quarter 2023 earnings released: US$0.046 loss per share (vs US$5.27 profit in 3Q 2022)Third quarter 2023 results: US$0.046 loss per share (down from US$5.27 profit in 3Q 2022). Revenue: US$3.28m (down 21% from 3Q 2022). Net loss: US$139.0k (down 102% from profit in 3Q 2022).New Risk • Nov 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Market cap is less than US$10m (US$3.64m market cap).공시 • Oct 05Reliance Global Group, Inc., Annual General Meeting, Nov 14, 2023Reliance Global Group, Inc., Annual General Meeting, Nov 14, 2023, at 12:30 US Eastern Standard Time. Agenda: To elect the five nominees for director named herein to its Board of Directors, each to serve a one-year term expiring at the 2024 Annual Meeting of Stockholders and until such director's successor is duly elected and qualified; to approve the amendment of the Articles of Incorporation, as amended, to increase the total number of authorized shares of our common stock, USD 0.086 par value per share, from 133,333,333 shares to 2,000,000,000 shares; to approve the 2023 Equity Incentive Plan; and to transact such other business as may properly come before the 2023 Annual Stockholder Meeting or any adjournments or postponements of the 2023.Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Sheldon Brickman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Aug 15Price target increased by 75% to US$7.00Up from US$4.00, the current price target is provided by 1 analyst. New target price is 152% above last closing price of US$2.78. Stock is down 80% over the past year. The company posted a net loss per share of US$0.42 last year.공시 • Aug 09Reliance Global Group, Inc. to Report Q2, 2023 Results on Aug 10, 2023Reliance Global Group, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023공시 • May 16Reliance Global Group, Inc. announced delayed 10-Q filingOn 05/15/2023, Reliance Global Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.분석 기사 • Apr 19Further Upside For Reliance Global Group, Inc. (NASDAQ:RELI) Shares Could Introduce Price Risks After 51% BounceThose holding Reliance Global Group, Inc. ( NASDAQ:RELI ) shares would be relieved that the share price has rebounded...Breakeven Date Change • Apr 06No longer forecast to breakevenThe analyst covering Reliance Global Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$863.0k in 2023. New forecast suggests the company will make a loss of US$5.63m in 2023.Reported Earnings • Apr 02Full year 2022 earnings released: EPS: US$5.91 (vs US$31.34 loss in FY 2021)Full year 2022 results: EPS: US$5.91 (up from US$31.34 loss in FY 2021). Revenue: US$16.8m (up 73% from FY 2021). Net income: US$6.47m (up US$27.6m from FY 2021). Profit margin: 39% (up from net loss in FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in the US.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$4.25, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 15x in the Insurance industry in the US. Total loss to shareholders of 99% over the past three years.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorates as stock falls 38%After last week's 38% share price decline to US$5.15, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 16x in the Insurance industry in the US. Total loss to shareholders of 99% over the past three years.공시 • Feb 15Reliance Global Group, Inc. Expands its RELI Exchange Artificial Intelligence-Based InsurTech Platform with CRM IntegrationReliance Global Group, Inc. announced that it has significantly enhanced its AI-based, InsurTech platform with new customer relationship management (CRM) tools to further enhance workflow, streamline operations, and reduce costs for insurance agency partners utilizing RELI Exchange.공시 • Feb 02Reliance Global Group Announces Real-Time Life Insurance Quotes are Now Available through its InsurTech PlatformsReliance Global Group, Inc. announced that it has added a real-time, life insurance quotation tool to both its RELI Exchange and 5Minuteinsure.com platforms. The tool displays life insurance quotes from more than 15 life insurance companies, and builds upon the Company’s successful home and auto insurance offerings.공시 • Jan 05+ 1 more updateReliance Global Group, Inc. Promotes Joel Markovits to Chief Financial OfficerReliance Global Group, Inc. announced that effective as of January 1, 2023, the Board of Directors of the company, promoted its current Chief Accounting Officer, Joel Markovits, to the position of Chief Financial Officer. Mr. Markovits succeeds William Lebovics in such role.Reported Earnings • Nov 17Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: US$0.35 (up from US$0.054 loss in 3Q 2021). Revenue: US$4.15m (up 61% from 3Q 2021). Net income: US$6.12m (up US$6.72m from 3Q 2021). Revenue missed analyst estimates by 26%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Insurance industry in the US.공시 • Sep 30Reliance Global Group Receives Written Notice from the Listing Qualifications Department of Nasdaq Regarding Minimum Bid Price RequirementOn September 27, 2022, Reliance Global Group, Inc. ("the Company") received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the preceding 30 consecutive business days (August 15, 2022 through September 26, 2022), the Company's common stock did not maintain a minimum closing bid price of $1.00 ("Minimum Bid Price Requirement") per share as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol "RELI". In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until March 27, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). Compliance may be achievedautomatically and without further action if the closing bid price of the Company's common stock is at or above $1.00 for a minimum of ten consecutive business days at any time during the 180-day compliance period, in which case Nasdaq will notify the Company of its compliance and the matter will be closed. If, however, the Company does not achieve compliance with the Minimum Bid Price Requirement by March 27, 2023, the Company may be eligible for additional time to comply. In order to be eligible for such additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and must notify Nasdaq in writing of its intention to cure the deficiency during the second compliance period. The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance with the Nasdaq listing requirements, including such actions as effecting a reverse stock split to maintain its Nasdaq listing.Seeking Alpha • Sep 23Reliance Global Group jumps 8% on $3M buybackReliance Global Group (NASDAQ:RELI) authorized a share repurchase program under which the company may repurchase up to 3M shares which will become effective three business days after the date the company issues its quarterly earnings. Company currently anticipates issuing on or about November 14, 2022. Ezra Beyman, CEO comments, "We believe the Company is in a stronger position than at any time in our history, but do not believe this is reflected in the share price given the current market conditions. As further illustration of my confidence, I have personally purchased over $400,000 of stock in the open market within the past weeks. We could not be more encouraged by the outlook for the business and look forward to providing further updates on RELI Exchange and other significant initiatives underway.” Stock jumps 8.3% during after market hours.공시 • Sep 22Reliance Global Group, Inc., Annual General Meeting, Oct 27, 2022Reliance Global Group, Inc., Annual General Meeting, Oct 27, 2022, at 12:00 US Eastern Standard Time. Location: offices of the Company, 300 Blvd. of the Americas, Suite 105 Lakewood New Jersey United States Agenda: To elect the five (5) nominees for director named herein to our Board of Directors, each to serve a one-year term expiring at the 2023 Annual Meeting of Stockholders and until such director’s successor is duly elected and qualified; to ratify the appointment of Mazars USA LLP as independent registered public accounting firm for fiscal year ending on December 31, 2022; to approve, on an advisory basis, the compensation of our named executive officers, as disclosed in this proxy statement; to recommend, on an advisory basis, a three-year frequency for holding an advisory vote on executive compensation; and to transact such other business as may properly come before the 2022 Annual Meeting or any adjournments or postponements of the 2022 Annual Meeting.Recent Insider Transactions • Sep 15CEO & Executive Chairman recently bought US$100k worth of stockOn the 13th of September, Ezra Beyman bought around 119k shares on-market at roughly US$0.84 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ezra has been a buyer over the last 12 months, purchasing a net total of US$178k worth in shares.Reported Earnings • Aug 16Second quarter 2022 earnings: EPS in line with expectations, revenues disappointSecond quarter 2022 results: EPS: US$0.56 (up from US$0.12 loss in 2Q 2021). Revenue: US$4.21m (up 92% from 2Q 2021). Net income: US$10.5m (up US$11.8m from 2Q 2021). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 101%, compared to a 1.1% growth forecast for the Insurance industry in the US.공시 • Aug 03Reliance Global Group, Inc. Provides Revenue Guidance for the Second Quarter of 2022Reliance Global Group, Inc. provided revenue guidance for the second quarter of 2022. For the quarter, the company currently expects revenue to be approximately double compared to the same period last year.Seeking Alpha • Aug 02Reliance Global Group sees Q2 revenue to get doubledCEO of Reliance Global Group (NASDAQ:RELI) Ezra Beyman said the company expects its second quarter's revenue to approximately double up on year-on-year basis attributable to the growth recorded in recently acquired Barra & Associates and Medigap. "This growth is due in part to the acquisitions of Barra & Associates and Medigap. Importantly, both of these businesses are experiencing strong organic growth since we acquired them earlier this year, further validating our buy-and-build strategy, as well as our ability to acquire cash flow positive agencies at attractive multiples," Beyman said. At the same time, we are experiencing steady growth in Medigap. In July of 2022 alone, Medigap recorded nearly 800 new policies, an increase of more than 20% compared to January of 2022, the month in which we acquired them....Overall, we remain highly encouraged by the outlook for the business and look forward to providing further updates on our progress, the insurance broker's chief added. Stock is up 2.44% in premarket trading. Quick look through RELI's Q1 Results.공시 • Jul 12Reliance Global Group Launches RELI ExchangeReliance Global Group, Inc. announced the launch of RELI Exchange a business-to-business (B2B) InsurTech platform and agency partner network for insurance agents and agencies. RELI Exchange is a first-in-class technologyplatform and agency partner network. For agents and agencies that join network, RELI Exchange is designed to provide instant and competitive insurance quotes from more than thirty insurance carriers nationwide. Theplatform reduces back-office burden and expenses by eliminating paperwork, thereby providing agents more time to focus on selling policies. RELI Exchange builds on the artificial intelligence and data mining backbone of 5MinuteInsure.com a platform designed to target the direct-to-consumer market.공시 • Jun 01Reliance Global Group Appoints Senior Corporate Finance Executive William Lebovics as Chief Financial Office, Effective June 1, 2022Reliance Global Group, Inc. announced the appointment of Mr. William Lebovics as Chief Financial Officer, effective June 1, 2022. Mr. Blumenfrucht, who previously served as Chief Financial Officer, will continue as a member of the Company’s Board of Directors and will provide support through the transition period. Among his accomplishments, Mr. Lebovics served as the Finance Manager for IDW Media Holdings, where he was responsible for dealing with financial reporting, financing, and M&A, as well as other finance related operations. Additionally, Mr. Lebovics served as Director of Business Development at IDT Corporation. Mr. Lebovics brings extensive corporate finance experience, including senior roles at PwC and Nippon Life Global Investors. Mr. Lebovics has an MS in Accounting from Fairleigh Dickenson University, an MS in Real Estate with a concentration in Finance and Investment from NYU, and a BS in Business Management from Touro College.공시 • Apr 28Reliance Global Group, Inc. (NasdaqCM:RELI) acquired Barra & Associates Llc for $7.5 million.Reliance Global Group, Inc. (NasdaqCM:RELI) acquired Barra & Associates Llc for $7.5 million on April 27, 2022. Following the transaction, Grant Barra, founder and CEO of Barra & Associates, will continue to oversee the Barra & Associatessubsidiary, as well as other senior responsibilities within the Company. Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of Barra & Associates Llc on April 27, 2022.Buying Opportunity • Apr 07Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 41%. The fair value is estimated to be US$4.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 112% in a year. Earnings is forecast to grow by 95% in the next year.Reported Earnings • Mar 31Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: US$2.09 loss per share (down from US$0.88 loss in FY 2020). Revenue: US$9.71m (up 33% from FY 2020). Net loss: US$21.1m (loss widened 470% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 533%. Over the next year, revenue is forecast to grow 130% while the insurance industry in the US is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.Breakeven Date Change • Mar 31Forecast to breakeven in 2023The analyst covering Reliance Global Group expects the company to break even for the first time. New forecast suggests the company will make a profit of US$863.0k in 2023. Average annual earnings growth of 139% is required to achieve expected profit on schedule.공시 • Feb 06Reliance Global Group, Inc. Appoints Joel Markovits as Its Chief Accounting OfficerOn February 1, 2022, Reliance Global Group, Inc.’s board appointed Joel Markovits as its chief accounting officer. Joel Markovits, chief accounting officer joined Reliance in June 2021 and brings over 10 years’ accounting and financial reporting experience in both the public and private sectors.공시 • Jan 12Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of Medicare supplement and related health insurance business of Medigap Healthcare, LLC.Reliance Global Group, Inc. (NasdaqCM:RELI) entered into an asset purchase agreement to acquire Medicare supplement and related health insurance business of Medigap Healthcare, LLC. for $20.1 million on December 21, 2021. Reliance Global will acquire certain assets and business of Medigap Healthcare in the transaction. Pursuant to the agreement the consideration consisted of a purchase price of approximately $16.6 million in cash and shares of common stock of the Company worth approximately $2.9 million (valued based upon the average closing price of a share of the Company’s common stock for 180 trading days prior to closing) to be issued. Cash portion and one third of the shares were paid at closing. one third of the shares were paid on the first anniversary of the closing date and remaining one third of the shares were paid on the second anniversary of the closing date. However, the agreement was amended and as per the amendments made on December 22, 2021, the cash portion of the purchase price was increased to $18.1 million and the total purchase price is increased to $20.1 million; and the number of shares of Company common stock being issued is reduced to approximately1.96 million, with half being released from lockup on December 21, 2022 and the balance being released from lockup on December 21, 2023. Kyle Perrin will remain Chief Operating Officer of Medigap. Medigap generated revenue of approximately $7 million for the trailing twelve months ended September 30, 2021. The acquisition is contingent upon Reliance Global's ability to close on financing proceeds sufficient to pay the cash purchase price for the business being sold plus working capital and other customary closing conditions. The acquisition is expected to close on or before April 1, 2022. Menachem M. Bensinger of McGrail & Bensinger LLP acted as legal advisor to Reliance Global Group, Inc. Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of Medicare supplement and related health insurance business of Medigap Healthcare, LLC. on January 11, 2022.Seeking Alpha • Jan 10Reliance Global Group Looks Overvalued Based On FundamentalsReliance Global Group is a small insurance brokerage group focused on technology and acquisitions. Its market valuation has been soaring over the past few weeks and the reason for this could be retail investor interest. Reliance Global Group is popular on several social media websites and is currently the most mentioned company on the r/Shortsqueeze subreddit. However, the data suggests that the share price is rising due to long buying and not short covering. I expect the market valuation to come down significantly as the company stops trending on r/Shortsqueeze and retail investor interest declines.공시 • Jan 07Reliance Global Group, Inc. announced that it has received $19.999948 million in fundingOn January 5, 2022, Reliance Global Group, Inc. closed the transaction.공시 • Dec 24+ 1 more updateReliance Global Group, Inc. announced that it expects to receive $19.999948 million in fundingReliance Global Group, Inc. announced that it has entered into a securities purchase agreement with several institutional buyers for a private placement of 2,670,892 common shares, 9,076 series B convertible preferred shares and warrants to purchase up to 9,779,952 shares for gross proceeds of $19,999,948 on December 22, 2021. The purchase price for one common share and two corresponding warrants is $4.09 and purchase price for one series B convertible preferred share and approximately 489 corresponding warrants is $1,000. The series B convertible preferred share is convertible immediately into 2,219,084 common shares at a conversion price of $4.09 per share, subject to customary adjustment. The series B convertible preferred shares receives dividends if and when dividends are paid on the common stock, and is, generally, non-voting. The common shares and preferred shares are of par value $0.086 per share. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $4.09 per share. The warrants will expire five years from the date of issuance. The transaction is subject to approval of shareholders of the company at a special or annual meeting. The transaction is expected to close on or around December 27, 2021. The company is relying on the private placement exemption from registration provided by Section 4(a)(2) of the Securities Act and by Rule 506 of Regulation D, and in reliance on similar exemptions under applicable state laws.공시 • Dec 01Reliance Global Group, Inc. Launches 5MinuteInsure.com in Missouri, Alabama, Iowa and West VirginiaReliance Global Group, Inc. announced that it has successfully launched 5MinuteInsure.com in Missouri, Alabama, Iowa and West Virginia. 5MinuteInsure.com is a platform developed by Reliance Global that provides an easy and efficient way to shop and buy insurance. Using artificial intelligence and data mining, 5MinuteInsure.com provides consumers with competitive insurance quotes in under 2 minutes, with the ability to bind coverage within 5 minutes. Consumers can compare live quotes for auto insurance between multiple carriers as well as instantly purchase coverage on the same single platform.공시 • Sep 15Reliance Global Group, Inc. Announces Successful Launch of 5MinuteInsure.Com in OhioReliance Global Group, Inc. announced that it has successfully launched 5MinuteInsure.com in Ohio, the first state in the Company’s planned nationwide rollout. 5MinuteInsure.com is a tool developed by Reliance Global that utilizes artificial intelligence and data mining to provide competitive insurance quotes in under 2 minutes, with the ability to bind coverage within 5 minutes, with minimal data input via a smartphone, tablet or computer. 5MinuteInsure.com combines the best of a traditional insurance agency, including the option for direct agent interaction, with the ability to bind a policy online. Through 5MinuteInsure.com, consumers can compare live quotes for auto insurance between multiple carriers, as well as instantly purchase coverage on the same single platform. This is a major differentiating factor from lead generator comparison sites that compare non-binding quotes and often sell personal information to third-party providers.공시 • Aug 18Reliance Global Group, Inc. announced delayed 10-Q filingOn 08/17/2021, Reliance Global Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Jun 25Reliance Global Group, Inc.(NasdaqCM:RELI) dropped from NASDAQ Telecom IndexReliance Global Group, Inc. has been removed from NASDAQ Telecom Index .공시 • Jun 09Reliance Global Group Schedules Commercial Launch of 5Minuteinsure.Com for Third Quarter 2021; Demo Video Now Available OnlineReliance Global Group, Inc. announced plans for the commercial launch of its 5minuteinsure.com platform in Third Quarter 2021 and reports that its new demo video is available on the Companys website. 5minuteinsure.com is designed to utilize artificial intelligence (AI) to provide competitive insurance quotes online within five minutes, with minimal data input by the customer. 5minuteinsure.com combines the best of a traditional insurance agency, including the option for direct agent interaction with the ability to bind a policy either online or offline.Reported Earnings • May 16First quarter 2021 earnings released: US$0.085 loss per share (vs US$0.34 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$2.30m (up 15% from 1Q 2020). Net loss: US$641.3k (loss narrowed 35% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 14Reliance Global Group, Inc. (NasdaqCM:RELI) acquired J.P. Kush and Associates, Inc. for $2 million.Reliance Global Group, Inc. (NasdaqCM:RELI) acquired J.P. Kush and Associates, Inc. for $2 million on May 12, 2021. The acquisition price was $1.95 million which includes an upfront cash provided by the Company in the amount of $1.9 million and shares of restricted Company common stock with a value of $0.05 million. Earn-Out Payment 1 and Bonus Shares. If the NPLR for Year 1 is equal to or greater than Six Hundred Fifty Thousand 00/100 Dollars ($650,000) (the “Year 1 Benchmark”), Purchaser shall pay to Owner an earm-out amount equal to two and one half (2.5) times the amount of NPLR in excess of the Year 1 Benchmark (the “Earn-Out Amount 1”). Seventy-five percent (75%) of Earn-Out Amount | shall be paid to Owner in cash, with the remaining balance paid in form of restricted shares of common stock in RELI (the *Earn-Out Shares 1”). The Earn Out Shares 1 shall be valued based on the closing price on the NASDAQ Stock Market on April 30. 20. In addition to Earn-Out Amount 1. if the NPLR for Year 1 exceeds Nine Hundred Thousand Dollars ($900,000). then Purchaser shall pay to Owner additional restricted shares of common stock in RELI equal to Fifty Thousand Dollars ($50,000) (the “Bonus Shares”). The Bonus Shares shall be valued based on the closing price on the NASDAQ Stock Market on April 30, 2022. The resale of the Earn-Out Shares 1 and Bonus Shares shall be restricted for a period of six (6) months. Earn-Out Payment 2. If the NPLR for Year 2 is equal to or greater than the greater of the Benchmark or NPLR in Year 1 (the “Year 2 Benchmark”). Purchaser shall pay to Owner an eamn-out amount equal to two and one half (2.5) times the amount of NPLR in excess of the Year 2 Benchmark (the “Earn-Out Amount 2”). Seventy-five percent (75%) of Earn-Out Amount 2 shall be paid to Owner in cash, with the remaining balance paid in form of restricted shares of common stock in RELI (the “Earn-Out Shares 2°). The Eam-Out Shares 2 shall be valued based on the closing price on the NASDAQ Stock Market on April 30, 2023. The resale of the Earn-Out Shares 2 shall be restricted for a period of six (6) months. Earn-Out Payment 3. If the NPLR for Year 3 is equal to or greater than the greater of the Benchmark or NPLR in Year 2 (the “Year 3 Benchmark.” and together with the Year 1 Benchmark and the Year 2 Benchmark, the “Benchmarks”), Purchaser shall pay to Owner an earn-out amount equal to two and one half (2.5) times the amount of NPLR in excess of the Year 3 Benchmark (the “Earn-Out Amount 3”). Seventy-five percent (75%) of Earn-Out Amount 3 shall be paid to Owner in cash, with the remaining balance paid in form of restricted shares of common stock in RELI (the “Earn-Out Shares 3.” and together with Earn-Out Shares 2 and Earn-Out Shares 3, “Earn-Out Shares. The Earn-Out Shares 3 shall be valued based on the closing price on the NASDAQ Stock Market on April 30. 2024. The resale of the Earn-Out Shares 3 shall be restricted for a period of six (6) months. The purchase has been funded through a combination of cash, restricted stock and an earnout. J.P. Kush generated revenue of more than $1.1 million over the trailing twelve months with mid-double digit operating margins. J.P. Kush’s founder, Joshua Kushnereit, will become part of the Reliance Global family as Chief Operating Officer of the new Kush Benefits Solutions, LLC, which is now a wholly owned subsidiary of Reliance Global Group, Inc. The transaction has the potential to be highly accretive. William B. Helbling and David M. Mosier of Knox McLaughlin Gornall & Sennett, P.C. acted as legal advisor to Yaakov Beyman and Erie A. Zacks and Thomas Kelly of Wolfson Bolton PLLC acted as legal advisor to Joshua Kushnerett. Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of J.P. Kush and Associates, Inc. on May 12, 2021.Reported Earnings • Mar 25Full year 2020 earnings released: US$0.88 loss per share (vs US$1.22 loss in FY 2019)The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$7.28m (up 64% from FY 2019). Net loss: US$3.70m (loss widened 5.8% from FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Mar 03Introducing Reliance Global Group (NASDAQ:RELI), The Stock That Soared 936% In The Last Three YearsIt hasn't been the best quarter for Reliance Global Group, Inc. ( NASDAQ:RELI ) shareholders, since the share price has...공시 • Feb 25Reliance Global Group Announces Appointment of Moshe Fishman as Director of Insurance OperationsReliance Global Group, Inc. announced the appointment of Moshe Fishman as Director of Insurance Operations. In this role, he will help oversee the integration of insurance agencies, as well as the rollout of the Company’s new 5MinuteInsure.com platform. Prior to joining Reliance Global Group, Mr. Fishman served as President of Tekeno Financial, LLC, which offers a variety of insurance products and annuities. While at Tekeno, Mr. Fishman structured a variety of unique no load fee insurance products to compete with low yielding bank products. He was also responsible for developing online and national media marketing strategies. Previously, he founded CoverageX LLC, an online platform for comparing, selecting, purchasing and servicing insurance policies. Mr. Fishman also served as President of Fishman Insurance Agency, a property and casualty insurance agency servicing the commercial real estate market.매출 및 비용 세부 내역Reliance Global Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqCM:EZRA 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 2612-75031 Dec 2512-75030 Sep 2513-75030 Jun 2514-75031 Mar 2514-55031 Dec 2414-95030 Sep 2414-195030 Jun 2414-185031 Mar 2414-215031 Dec 2314-134030 Sep 2313-63030 Jun 231313031 Mar 2313154031 Dec 2212155030 Sep 221116030 Jun 2211-66031 Mar 2210-186031 Dec 2110-214030 Sep 219-34030 Jun 218-34031 Mar 218-34031 Dec 207-44030 Sep 207-55030 Jun 207-55031 Mar 206-44031 Dec 194-34031 Dec 181-11031 May 180-11028 Feb 180-10030 Nov 170-10031 Aug 170-30031 May 170-10028 Feb 170-10030 Nov 160-10031 Aug 160-10031 May 160-10029 Feb 160-11030 Nov 150-10031 Aug 150-10031 May 150000양질의 수익: EZRA 은(는) 현재 수익성이 없습니다.이익 마진 증가: EZRA는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: EZRA은 수익성이 없으며 지난 5년 동안 손실이 연평균 10.8% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 EZRA의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: EZRA은 수익성이 없어 지난 해 수익 성장률을 Insurance 업계(36.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: EZRA는 현재 수익성이 없으므로 자본 수익률이 음수(-90.61%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YInsurance 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 17:38종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Reliance Global Group, Inc.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Edward ReillyD. Boral Capital LLC.
Reported Earnings • May 11First quarter 2026 earnings released: US$0.086 loss per share (vs US$0.67 loss in 1Q 2025)First quarter 2026 results: US$0.086 loss per share (improved from US$0.67 loss in 1Q 2025). Revenue: US$3.83m (down 9.7% from 1Q 2025). Net loss: US$1.47m (loss narrowed 15% from 1Q 2025).
공시 • May 06Reliance Global Group, Inc. to Report Q1, 2026 Results on May 07, 2026Reliance Global Group, Inc. announced that they will report Q1, 2026 results on May 07, 2026
Reported Earnings • Mar 12Full year 2025 earnings released: US$1.28 loss per share (vs US$9.01 loss in FY 2024)Full year 2025 results: US$1.28 loss per share (improved from US$9.01 loss in FY 2024). Revenue: US$12.4m (down 12% from FY 2024). Net loss: US$6.99m (loss narrowed 23% from FY 2024). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 5 percentage points per year.
Reported Earnings • Nov 09Third quarter 2025 earnings released: US$0.20 loss per share (vs US$0.67 loss in 3Q 2024)Third quarter 2025 results: US$0.20 loss per share. Revenue: US$2.50m (down 28% from 3Q 2024). Net loss: US$1.16m (loss widened 38% from 3Q 2024).
공시 • Nov 04Reliance Global Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025Reliance Global Group, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025
Reported Earnings • Aug 01Second quarter 2025 earnings released: US$0.85 loss per share (vs US$2.76 loss in 2Q 2024)Second quarter 2025 results: US$0.85 loss per share. Revenue: US$3.09m (down 4.5% from 2Q 2024). Net loss: US$2.71m (loss widened 82% from 2Q 2024).
공시 • May 14Reliance Global Group Announces Reverse Stock Split to Regain Compliance with the $1.00 Minimum Bid Price Requirement for Continued Listing on the Nasdaq Capital MarketReliance Global Group, Inc. announced that the Company’s Board of Directors approved a 1-for-40 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock (the “Common Stock”) in order to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Rule 5550(a)(2)). The Company was not required to obtain shareholder approval to effectuate the Reverse Stock Split.
Reported Earnings • May 11First quarter 2026 earnings released: US$0.086 loss per share (vs US$0.67 loss in 1Q 2025)First quarter 2026 results: US$0.086 loss per share (improved from US$0.67 loss in 1Q 2025). Revenue: US$3.83m (down 9.7% from 1Q 2025). Net loss: US$1.47m (loss narrowed 15% from 1Q 2025).
공시 • May 06Reliance Global Group, Inc. to Report Q1, 2026 Results on May 07, 2026Reliance Global Group, Inc. announced that they will report Q1, 2026 results on May 07, 2026
공시 • Mar 27Reliance Global Group Launches RELI Exchange 2.0 to Drive Faster, More Efficient GrowthReliance Global Group, Inc. announced the launch of RELI Exchange 2.0, the next phase of its InsurTech platform for independent insurance agencies, designed to expand recruiting capacity, improve execution and position the platform for faster, more efficient growth. In February 2026, Reliance reported that health insurance policies written through RELI Exchange during the 2025 open enrollment period increased 72% year over year, Personal Lines Property and Casualty written premium increased 36% year over year, and the broker network expanded from approximately 65 to approximately 300 agency partners since 2022. RELI Exchange 2.0 is designed to build on that momentum by making the platform faster, more disciplined, and more effective as a growth engine. The upgrade brings recruiting activity into a centralized operating environment with defined pipeline stages, integrated task management, and full communication tracking. Reliance believes these enhancements can support faster follow-up, better prioritization, stronger recruiter productivity, greater outreach capacity, and stronger forecasting, while enabling the Company to manage higher recruiting volumes with greater speed and efficiency as the platform continues to expand.
공시 • Mar 13Reliance Global Group, Inc., Annual General Meeting, Apr 29, 2026Reliance Global Group, Inc., Annual General Meeting, Apr 29, 2026.
Reported Earnings • Mar 12Full year 2025 earnings released: US$1.28 loss per share (vs US$9.01 loss in FY 2024)Full year 2025 results: US$1.28 loss per share (improved from US$9.01 loss in FY 2024). Revenue: US$12.4m (down 12% from FY 2024). Net loss: US$6.99m (loss narrowed 23% from FY 2024). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 5 percentage points per year.
공시 • Jan 30+ 1 more updateReliance Global Group, Inc. has completed a Composite Units Offering in the amount of $1.999812 million.Reliance Global Group, Inc. has completed a Composite Units Offering in the amount of $1.999812 million. Security Name: Units Security Type: Debt/Equity Composite Units Securities Offered: 7,219,259 Price\Range: $0.27 Discount Per Security: $0.0189 Security Name: Common Stock Security Type: Common Stock Securities Offered: 7,219,259 Security Name: Pre Funded Units Security Type: Debt/Equity Composite Units Securities Offered: 188,149 Price\Range: $0.269 Discount Per Security: $0.0189
공시 • Jan 28Reliance Global Group, Inc. Promotes Moshe Fishman to Senior Vice President, Strategic VenturesReliance Global Group, Inc. announced the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures. In this expanded role, Mr. Fishman will continue to drive the growth of Reliance’s core insurance and insurtech operations while leading the Company’s efforts to identify and execute opportunities through EZRA Group International (“EZRA”), Reliance’s strategic acquisition initiative. Since joining Reliance in 2021, Mr. Fishman has been a driving force in incorporating technology and artificial intelligence into the Company’s insurance operations, helping modernize workflows, improve data utilization, and support scalable growth through greater operating efficiency. In his new role, Mr. Fishman will lead the execution and scaling of the EZRA platform, including sourcing and evaluating opportunities, structuring and leading transactions, and working closely with acquired companies after closing, while continuing to support day-to-day operations of the Company’s core insurance business. He has been deeply involved throughout the transaction process on current initiatives, working hands-on with counterparties to advance acquisitions from initial structuring through closing and integration. Mr. Fishman has been closely involved in Reliance’s recently announced majority stake acquisition in Scentech Medical, an AI-driven diagnostics company focused on early disease detection, and Enquantum Ltd., a cybersecurity company developing post-quantum encryption and next-generation data protection technologies.
New Risk • Jan 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (476% increase in shares outstanding). Market cap is less than US$10m (US$4.09m market cap).
공시 • Dec 30An undisclosed buyer completed the acquisition of U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI).An undisclosed buyer signed a letter of intent to acquire U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI) on December 11, 2025. The agreement is subject to execution of a definitive purchase agreement, as well as customary closing conditions. The Company expects the transaction to close within the next 30 days as of December 11, 2025. 50% of Net Proceeds to Further Reduce Debt. An undisclosed buyer completed the acquisition of U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI) on December 29, 2025.
공시 • Dec 20Reliance Global Group Receives Non-Compliance Notice from NASDAQReliance Global Group, Inc. (NasdaqCM:RELI) (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the symbol “RELI,” and the Company is currently monitoring the closing bid price of its common stock and evaluating its alternatives, if appropriate, to resolve the deficiency and regain compliance with this rule. The Nasdaq rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price for the last 30 consecutive business days as of December 12, 2025, the Company no longer met this requirement. The Bid Price Notice indicated that the Company has been provided 180 calendar days, or until June 10, 2026, in which to regain compliance. If at any time during this period the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Nasdaq Staff will provide the Company with a written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with Rule 5550(a)(2) prior to the expiration of the 180 calendar day period, but meets the continued listing requirement for market value of publicly held shares and all of the other applicable standards for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary, then the Company may be granted an additional 180 calendar days to regain compliance with Rule 5550(a)(2). There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements. The Company is considering actions that it may take in response to the Bid Price Notice in order to regain compliance with the continued listing requirements, but no decisions regarding a response have been made at this time.
공시 • Dec 12An undisclosed buyer signed a letter of intent to acquire U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI).An undisclosed buyer signed a letter of intent to acquire U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC from Reliance Global Group, Inc. (NasdaqCM:RELI) on December 11, 2025. The agreement is subject to execution of a definitive purchase agreement, as well as customary closing conditions. The Company expects the transaction to close within the next 30 days as of December 11, 2025. 50% of Net Proceeds to Further Reduce Debt.
공시 • Dec 10Reliance Global Group, Inc. Announces Deploying Additional Cash to Increase Its Zcash (Zec) PositionReliance Global Group, Inc. announced that it has deployed additional cash to increase its Zcash (ZEC) position. This additional allocation to the Company’s Digital Asset Treasury (“DAT”) reflects the Company’s internal view that ZEC may be an institutionally adaptable and technologically resilient privacy-enabled digital asset and may play a meaningful role in its long-term treasury strategy. Zcash’s dual architecture which combines transparent auditability with optional privacy in the Company’s view supports its appeal to organizations seeking digital assets that can be implemented for regulated environments. Reliance’s decision to add to its position reflects the Company’s view that ZEC is supported by technology and a use-case-driven foundation that it believes aligns with long-term treasury and risk management objectives.
공시 • Nov 20Reliance Global Group, Inc. Appoints Blake Janover as Chairman of Its Crypto Advisory BoardReliance Global Group, Inc. announced the appointment of Blake Janover, a recognized pioneer in bringing digital assets into public markets, as Chairman of the Companys Crypto Advisory Board (CAB). In this role, Mr. Janover will advise Reliance on its Digital Asset Treasury (DAT) initiative and other blockchain-related strategies designed to accelerate innovation, efficiency, and long-term shareholder value across the Companys InsurTech and financial operations. Mr. Janover is widely regarded as a leader in bringing blockchain and decentralized finance (DeFi) innovation to the public markets. He was the Founder, Chairman, and Chief Executive Officer of Janover, which he took public in 2023 under the ticker Nasdaq: JNVR before leading its transition into Defi Development Corporation, the first publicly traded company to announce a Digital Asset Transformation (DAT) strategy outside of Bitcoin on the Nasdaq or NYSE. He currently serves as Chief Commercial Officer and a Member of the Board of Directors at Defi Development Corporation, where he continues to participate in shaping the integration of decentralized finance within regulated corporate and financial frameworks. Mr. Janover also serves on the Crypto Advisory Board of Caliber Cos, a Nasdaq listed public company and has been featured in Forbes, Bloomberg, and other leading financial media outlets. His most recent work continues to bridge traditional finance and digital assets, making him uniquely positioned to guide Reliances digital asset initiatives. Mr. Janover brings a distinguished record of leadership and innovation. He has more than 20 years of experience as an entrepreneur and operator and has been involved in billions of dollars of commercial property transactions, as well as served as a principal in more than half a billion dollars of equity capital markets transactions. He currently serves as a Member of the Board of Soulpower Acquisition Corp, a SPAC traded on the NYSE and was an Official Member of the Forbes Real Estate Council and an On Deck Proptech and Scale Fellow. He is also a Harvard Business School alumnus (OPM 60), NATSEC Fellow at the National War College Alumni Association, and a Guest Lecturer and Mentor at Reichman Universitys Zell Entrepreneurship Program. As Chairman of the Crypto Advisory Board, Mr. Janover will collaborate with management and the Board of Directors to advance Reliances DAT strategy, digital asset initiatives, and capital markets strategy, aimed at supporting the execution of these programs with discipline and a focus on sustainable value creation. In addition to his DAT advisory role, Mr. Janover will help Reliance explore opportunities to tokenize insurance-linked assets, an emerging blockchain application designed to unlock new avenues for value creation within the insurance-linked marketplace.
분석 기사 • Nov 15A Piece Of The Puzzle Missing From Reliance Global Group, Inc.'s (NASDAQ:RELI) Share PriceWhen close to half the companies operating in the Insurance industry in the United States have price-to-sales ratios...
Reported Earnings • Nov 09Third quarter 2025 earnings released: US$0.20 loss per share (vs US$0.67 loss in 3Q 2024)Third quarter 2025 results: US$0.20 loss per share. Revenue: US$2.50m (down 28% from 3Q 2024). Net loss: US$1.16m (loss widened 38% from 3Q 2024).
공시 • Nov 08Reliance Global Group, Inc. Approves Special Cash Dividend, Payable on or About December 2, 2025Reliance Global Group, Inc. approved a special cash dividend of $0.03 per share, payable on or about December 2, 2025, to shareholders of record as of October 30, 2025.
공시 • Nov 04Reliance Global Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025Reliance Global Group, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025
공시 • Sep 29Reliance Global Group, Inc. Declares Special Dividend, Payable on or About December 2, 2025Reliance Global Group, Inc. announced that its Board of Directors has declared a special cash dividend of $0.03 per common share, payable on or about December 2, 2025, to stockholders of record as of October 30, 2025.
공시 • Aug 14Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $2.026453 million.Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $2.026453 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Aug 01Second quarter 2025 earnings released: US$0.85 loss per share (vs US$2.76 loss in 2Q 2024)Second quarter 2025 results: US$0.85 loss per share. Revenue: US$3.09m (down 4.5% from 2Q 2024). Net loss: US$2.71m (loss widened 82% from 2Q 2024).
공시 • Jun 19Reliance Global Group, Inc. announced that it expects to receive $2.500001 million in fundingReliance Global Group, Inc. announced that it has entered into a definitive agreement to issue 1,488,096 common shares or pre-funded warrants at an issue price of $1.68 and short-term warrants to purchase up to an aggregate of 2,976,192 shares of common stock for gross proceeds of $2,500,001.28, before deducting placement agent fees and other offering expenses payable by the company on June 18, 2025. The warrants exercise price is of $1.43and will expire two years from the effective date of the resale registration statement. The offering is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions. The shares of common stock, pre-funded warrants and short-term warrants were offered in a private placement under section 4(a)(2) of the securities act of 1933, as amended and Regulation D promulgated thereunder and, along with the shares of common stock underlying the pre-funded warrants and short-term warrants, have not been registered under the Act or applicable state securities laws.
분석 기사 • Jun 18Investors Still Aren't Entirely Convinced By Reliance Global Group, Inc.'s (NASDAQ:RELI) Revenues Despite 78% Price JumpReliance Global Group, Inc. ( NASDAQ:RELI ) shares have had a really impressive month, gaining 78% after a shaky period...
New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.2m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (493% increase in shares outstanding). Market cap is less than US$10m (US$3.51m market cap).
Reported Earnings • May 15First quarter 2025 earnings released: US$0.67 loss per share (vs US$13.84 loss in 1Q 2024)First quarter 2025 results: US$0.67 loss per share (improved from US$13.84 loss in 1Q 2024). Revenue: US$4.24m (up 3.8% from 1Q 2024). Net loss: US$1.74m (loss narrowed 68% from 1Q 2024).
공시 • Apr 16Reliance Global Group, Inc., Annual General Meeting, May 29, 2025Reliance Global Group, Inc., Annual General Meeting, May 29, 2025.
분석 기사 • Apr 11Slammed 30% Reliance Global Group, Inc. (NASDAQ:RELI) Screens Well Here But There Might Be A CatchTo the annoyance of some shareholders, Reliance Global Group, Inc. ( NASDAQ:RELI ) shares are down a considerable 30...
공시 • Mar 20Reliance Global Group, Inc. Launches Reli Auto LeasingReliance Global Group, Inc. announced the launch of RELI Auto Leasing, a groundbreaking service that enables RELI Exchange Agency Partners to seamlessly offer vehicle leasing to their clients while earning commissions on both the lease and the residual insurance policy. This innovative initiative reinforces the Company’s commitment to expanding revenue opportunities for agency partners while maintaining a strong focus on insurance services. Home and auto policies are the core products of personal lines insurance. When clients seek a new vehicle, their insurance agent is often part of the discussion, advising on coverage options and facilitating policy transitions. After a vehicular accident, clients often look toward their insurance agent to discuss how to approach their replacement vehicle. Using their newly launched RELI Auto Leasing, insurance agents can now connect clients to vehicle leasing options without stepping outside their core business. Clients benefit from a wide selection of vehicles, all available for delivery anywhere in the U.S., offering unmatched convenience. Whether seeking a new lease or upgrading a current vehicle, clients are now able to enjoy a streamlined process with guidance from a trusted insurance advisor. By bridging the gap between auto leasing and insurance, RELI Exchange empowers agency partners to deepen client relationships, foster long-term loyalty, and generate additional income—without added complexity.
Reported Earnings • Mar 07Full year 2024 earnings released: US$9.01 loss per share (vs US$75.74 loss in FY 2023)Full year 2024 results: US$9.01 loss per share (improved from US$75.74 loss in FY 2023). Revenue: US$14.1m (up 2.3% from FY 2023). Net loss: US$9.07m (loss narrowed 28% from FY 2023).
분석 기사 • Feb 19Take Care Before Jumping Onto Reliance Global Group, Inc. (NASDAQ:RELI) Even Though It's 26% CheaperReliance Global Group, Inc. ( NASDAQ:RELI ) shares have retraced a considerable 26% in the last month, reversing a fair...
공시 • Feb 18Reliance Global Group Expands Reliance Global Group, Inc. Commercial Quote & Bind InsurTech Platform Following Successful Beta LaunchReliance Global Group, Inc. announced a significant expansion of its Commercial Quote & Bind InsurTech solution on RELI Exchange, building off the highly successful beta launch late last year. This expansion brings additional carriers and more product offerings to RELI Exchange's agent distribution channel, with plans to continuously introduce new lines of business and carriers in the coming months.
New Risk • Feb 13New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$45k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Share price has been highly volatile over the past 3 months (50% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (US$3.00m market cap). Minor Risk Significant insider selling over the past 3 months (US$45k sold).
분석 기사 • Dec 31Market Might Still Lack Some Conviction On Reliance Global Group, Inc. (NASDAQ:RELI) Even After 72% Share Price BoostReliance Global Group, Inc. ( NASDAQ:RELI ) shares have had a really impressive month, gaining 72% after a shaky period...
분석 기사 • Dec 24Here's Why Shareholders May Want To Be Cautious With Increasing Reliance Global Group, Inc.'s (NASDAQ:RELI) CEO Pay PacketKey Insights Reliance Global Group to hold its Annual General Meeting on 31st of December Salary of US$338.9k is part...
New Risk • Nov 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Market cap is less than US$10m (US$2.21m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
분석 기사 • Nov 16It's Down 35% But Reliance Global Group, Inc. (NASDAQ:RELI) Could Be Riskier Than It LooksTo the annoyance of some shareholders, Reliance Global Group, Inc. ( NASDAQ:RELI ) shares are down a considerable 35...
Reported Earnings • Nov 10Third quarter 2024 earnings released: US$0.67 loss per share (vs US$0.78 loss in 3Q 2023)Third quarter 2024 results: US$0.67 loss per share. Revenue: US$3.44m (up 5.1% from 3Q 2023). Net loss: US$837.3k (loss widened US$698.3k from 3Q 2023).
공시 • Oct 01Reliance Global Group Launches Beta Version of Advanced Quote & Bind InsurTech Solution for Commercial Policies, Head of ScheduleReliance Global Group, Inc. announced the official launch of the beta version of its highly anticipated AI-powered Quote & Bind InsurTech solution for commercial policies. Initially scheduled for release in Fourth Quarter 2024, the new solution has been launched ahead of schedule, giving RELI Exchange agency partners immediate access to this cutting-edge technology. The solution, now live on the RELI Exchange platform, enables agents to generate real-time quotes and bind commercial insurance policies instantly from their dashboard. This advanced system covers a wide range of commercial insurance lines, including workers' compensation, general liability, cyber liability, business owner's policies, and executive coverages such as directors & officers (D&O) insurance and employment practices liability insurance (EPLI). The early launch of the Quote & Bind solution is set to rapidly enhance revenue streams for RELI Exchange partners by streamlining the traditionally labor-intensive quoting process for commercial policies. Agents can now offer clients faster, more competitive quotes and bind coverage instantly, transforming how commercial insurance is transacted with the help of AI automation. With the solution now in beta, RELI Exchange is already gathering valuable feedback from its users to refine and enhance the platform. The Company expects this AI-driven feature to contribute significantly to premium volume growth and anticipates millions of dollars in new premiums being added to its books in the coming year.
분석 기사 • Aug 15Positive Sentiment Still Eludes Reliance Global Group, Inc. (NASDAQ:RELI) Following 39% Share Price SlumpUnfortunately for some shareholders, the Reliance Global Group, Inc. ( NASDAQ:RELI ) share price has dived 39% in the...
Board Change • Aug 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Sheldon Brickman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Jul 30Reliance Global Group, Inc. Announces Advanced Quote & Bind InsurTech Solution for Commercial Policies Launching in Fourth Quarter 2024Reliance Global Group, Inc. unveiled its new, advanced AI-powered Quote & Bind cutting-edge InsurTech solution for commercial policies, designed to significantly enhance the capabilities of RELI Exchange agency partners. The Company plans to launch the new offering in the fourth quarter of 2024. The new Quote & Bind solution, integrated within the RELI Exchange platform, leverages artificial intelligence, enabling agents to provide real-time commercial insurance quotes from multiple carriers and bind policies in real time from the RELI Exchange agent dashboard. These new commercial lines of insurance include workers' compensation, business owners, general liability, cyber liability, and inland marine, as well as executive lines, such as directors & officers (D&O) insurance and employment practices liability insurance (EPLI).
공시 • Jul 26Reliance Global Group, Inc. Provides Revenue Guidance for the Year 2024Reliance Global Group, Inc. provided revenue guidance for the year 2024. For the year, the company projects to double annual revenue to Approximately $28 Million.
공시 • May 17Reliance Global Group, Inc. announced delayed 10-Q filingOn 05/15/2024, Reliance Global Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • May 16Reliance Global Group, Inc. (NasdaqCM:RELI) signed a definitive agreement to acquire 80% stake in Spetner Associates, Inc. from Jonathan Spetner and Michelle Spetner for $13.7 million.Reliance Global Group, Inc. (NasdaqCM:RELI) signed a definitive agreement to acquire 80% stake in Spetner Associates, Inc. from Jonathan Spetner and Michelle Spetner for $13.7 million on May 14, 2024. Under the agreement, Reliance Global Group acquire eighty percent (80%) of the issued and outstanding shares (24,000 Shares) of common stock, par value $1.00 per share, of Spetner (the “Spetner Common Stock”) for the amount of $13,714,286.00 (which shall be paid in $8 million cash, the issuance of certain shares of common stock of the Company, and the issuance of a promissory note of the Company); and (ii) have the sole option to acquire the remaining twenty percent (20% i.e 6000 shares) of the Spetner Common Stock for the amount that is equal to the product of ten (10) times twenty percent (20%) of Spetner’s final annual EBITDA (as defined in the Agreement) for the most recently completed fiscal year prior to the fiscal year in which the Company elects to exercise such option to acquire additional shares of Spetner Common Stock. In connection with the transactions contemplated by the Agreement, the Company shall undertake a private or public offering of the Company’s shares of common stock with the goal of raising approximately $10 million in net proceeds. The closing of the transaction is subject to approval from Board of Directors of Reliance Global Group and the effectiveness of registration statement by SEC. Laura Anthony of Anthony, Linder & Cacomanolis, PLLC acted as legal advisor for Reliance Global and Albert S. Watkins and Kodner Watkins of K&W acted as legal advisors for Spetner.
공시 • Apr 02Reliance Global Group, Inc. announced delayed annual 10-K filingOn 04/01/2024, Reliance Global Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
공시 • Feb 16Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $0.858637 million.Reliance Global Group, Inc. has filed a Follow-on Equity Offering in the amount of $0.858637 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
공시 • Jan 17Reliance Global Group Receives Non-Compliance Notice from NasdaqOn January 12, 2024, Reliance Global Group, Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Listing Qualifications department (the “Nasdaq Staff”) of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on the Nasdaq Capital Market. The notification of noncompliance had no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market under the symbol “RELI,” and the Company is currently monitoring the closing bid price of its common stock and evaluating its alternatives, if appropriate, to resolve the deficiency and regain compliance with this rule. The Nasdaq rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price for the last 30 consecutive business days as of January 12, 2024, the Company no longer met this requirement. The Bid Price Notice indicated that the Company has been provided 180 calendar days, or until July 10, 2024, in which to regain compliance. If at any time during this period the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Nasdaq Staff will provide the Company with a written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with Rule 5550(a)(2) prior to the expiration of the 180 calendar day period, but meets the continued listing requirement for market value of publicly held shares and all of the other applicable standards for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary, then the Company may be granted an additional 180 calendar days to regain compliance with Rule 5550(a)(2). There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements. The Company is considering actions that it may take in response to the Bid Price Notice in order to regain compliance with the continued listing requirements, but no decisions regarding a response have been made at this time.
분석 기사 • Dec 21It's Down 43% But Reliance Global Group, Inc. (NASDAQ:RELI) Could Be Riskier Than It LooksTo the annoyance of some shareholders, Reliance Global Group, Inc. ( NASDAQ:RELI ) shares are down a considerable 43...
공시 • Nov 22Reliance Global Group, Inc. has withdrawn its Follow-on Equity Offering.Reliance Global Group, Inc. has withdrawn its Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock
공시 • Nov 21Reliance Global Group, Inc. has filed a Follow-on Equity Offering.Reliance Global Group, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock
Reported Earnings • Nov 16Third quarter 2023 earnings released: US$0.046 loss per share (vs US$5.27 profit in 3Q 2022)Third quarter 2023 results: US$0.046 loss per share (down from US$5.27 profit in 3Q 2022). Revenue: US$3.28m (down 21% from 3Q 2022). Net loss: US$139.0k (down 102% from profit in 3Q 2022).
New Risk • Nov 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Market cap is less than US$10m (US$3.64m market cap).
공시 • Oct 05Reliance Global Group, Inc., Annual General Meeting, Nov 14, 2023Reliance Global Group, Inc., Annual General Meeting, Nov 14, 2023, at 12:30 US Eastern Standard Time. Agenda: To elect the five nominees for director named herein to its Board of Directors, each to serve a one-year term expiring at the 2024 Annual Meeting of Stockholders and until such director's successor is duly elected and qualified; to approve the amendment of the Articles of Incorporation, as amended, to increase the total number of authorized shares of our common stock, USD 0.086 par value per share, from 133,333,333 shares to 2,000,000,000 shares; to approve the 2023 Equity Incentive Plan; and to transact such other business as may properly come before the 2023 Annual Stockholder Meeting or any adjournments or postponements of the 2023.
Board Change • Sep 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Sheldon Brickman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Aug 15Price target increased by 75% to US$7.00Up from US$4.00, the current price target is provided by 1 analyst. New target price is 152% above last closing price of US$2.78. Stock is down 80% over the past year. The company posted a net loss per share of US$0.42 last year.
공시 • Aug 09Reliance Global Group, Inc. to Report Q2, 2023 Results on Aug 10, 2023Reliance Global Group, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023
공시 • May 16Reliance Global Group, Inc. announced delayed 10-Q filingOn 05/15/2023, Reliance Global Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
분석 기사 • Apr 19Further Upside For Reliance Global Group, Inc. (NASDAQ:RELI) Shares Could Introduce Price Risks After 51% BounceThose holding Reliance Global Group, Inc. ( NASDAQ:RELI ) shares would be relieved that the share price has rebounded...
Breakeven Date Change • Apr 06No longer forecast to breakevenThe analyst covering Reliance Global Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$863.0k in 2023. New forecast suggests the company will make a loss of US$5.63m in 2023.
Reported Earnings • Apr 02Full year 2022 earnings released: EPS: US$5.91 (vs US$31.34 loss in FY 2021)Full year 2022 results: EPS: US$5.91 (up from US$31.34 loss in FY 2021). Revenue: US$16.8m (up 73% from FY 2021). Net income: US$6.47m (up US$27.6m from FY 2021). Profit margin: 39% (up from net loss in FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Insurance industry in the US.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$4.25, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 15x in the Insurance industry in the US. Total loss to shareholders of 99% over the past three years.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorates as stock falls 38%After last week's 38% share price decline to US$5.15, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 16x in the Insurance industry in the US. Total loss to shareholders of 99% over the past three years.
공시 • Feb 15Reliance Global Group, Inc. Expands its RELI Exchange Artificial Intelligence-Based InsurTech Platform with CRM IntegrationReliance Global Group, Inc. announced that it has significantly enhanced its AI-based, InsurTech platform with new customer relationship management (CRM) tools to further enhance workflow, streamline operations, and reduce costs for insurance agency partners utilizing RELI Exchange.
공시 • Feb 02Reliance Global Group Announces Real-Time Life Insurance Quotes are Now Available through its InsurTech PlatformsReliance Global Group, Inc. announced that it has added a real-time, life insurance quotation tool to both its RELI Exchange and 5Minuteinsure.com platforms. The tool displays life insurance quotes from more than 15 life insurance companies, and builds upon the Company’s successful home and auto insurance offerings.
공시 • Jan 05+ 1 more updateReliance Global Group, Inc. Promotes Joel Markovits to Chief Financial OfficerReliance Global Group, Inc. announced that effective as of January 1, 2023, the Board of Directors of the company, promoted its current Chief Accounting Officer, Joel Markovits, to the position of Chief Financial Officer. Mr. Markovits succeeds William Lebovics in such role.
Reported Earnings • Nov 17Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: US$0.35 (up from US$0.054 loss in 3Q 2021). Revenue: US$4.15m (up 61% from 3Q 2021). Net income: US$6.12m (up US$6.72m from 3Q 2021). Revenue missed analyst estimates by 26%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Insurance industry in the US.
공시 • Sep 30Reliance Global Group Receives Written Notice from the Listing Qualifications Department of Nasdaq Regarding Minimum Bid Price RequirementOn September 27, 2022, Reliance Global Group, Inc. ("the Company") received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the preceding 30 consecutive business days (August 15, 2022 through September 26, 2022), the Company's common stock did not maintain a minimum closing bid price of $1.00 ("Minimum Bid Price Requirement") per share as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol "RELI". In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until March 27, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). Compliance may be achievedautomatically and without further action if the closing bid price of the Company's common stock is at or above $1.00 for a minimum of ten consecutive business days at any time during the 180-day compliance period, in which case Nasdaq will notify the Company of its compliance and the matter will be closed. If, however, the Company does not achieve compliance with the Minimum Bid Price Requirement by March 27, 2023, the Company may be eligible for additional time to comply. In order to be eligible for such additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and must notify Nasdaq in writing of its intention to cure the deficiency during the second compliance period. The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance with the Nasdaq listing requirements, including such actions as effecting a reverse stock split to maintain its Nasdaq listing.
Seeking Alpha • Sep 23Reliance Global Group jumps 8% on $3M buybackReliance Global Group (NASDAQ:RELI) authorized a share repurchase program under which the company may repurchase up to 3M shares which will become effective three business days after the date the company issues its quarterly earnings. Company currently anticipates issuing on or about November 14, 2022. Ezra Beyman, CEO comments, "We believe the Company is in a stronger position than at any time in our history, but do not believe this is reflected in the share price given the current market conditions. As further illustration of my confidence, I have personally purchased over $400,000 of stock in the open market within the past weeks. We could not be more encouraged by the outlook for the business and look forward to providing further updates on RELI Exchange and other significant initiatives underway.” Stock jumps 8.3% during after market hours.
공시 • Sep 22Reliance Global Group, Inc., Annual General Meeting, Oct 27, 2022Reliance Global Group, Inc., Annual General Meeting, Oct 27, 2022, at 12:00 US Eastern Standard Time. Location: offices of the Company, 300 Blvd. of the Americas, Suite 105 Lakewood New Jersey United States Agenda: To elect the five (5) nominees for director named herein to our Board of Directors, each to serve a one-year term expiring at the 2023 Annual Meeting of Stockholders and until such director’s successor is duly elected and qualified; to ratify the appointment of Mazars USA LLP as independent registered public accounting firm for fiscal year ending on December 31, 2022; to approve, on an advisory basis, the compensation of our named executive officers, as disclosed in this proxy statement; to recommend, on an advisory basis, a three-year frequency for holding an advisory vote on executive compensation; and to transact such other business as may properly come before the 2022 Annual Meeting or any adjournments or postponements of the 2022 Annual Meeting.
Recent Insider Transactions • Sep 15CEO & Executive Chairman recently bought US$100k worth of stockOn the 13th of September, Ezra Beyman bought around 119k shares on-market at roughly US$0.84 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ezra has been a buyer over the last 12 months, purchasing a net total of US$178k worth in shares.
Reported Earnings • Aug 16Second quarter 2022 earnings: EPS in line with expectations, revenues disappointSecond quarter 2022 results: EPS: US$0.56 (up from US$0.12 loss in 2Q 2021). Revenue: US$4.21m (up 92% from 2Q 2021). Net income: US$10.5m (up US$11.8m from 2Q 2021). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 101%, compared to a 1.1% growth forecast for the Insurance industry in the US.
공시 • Aug 03Reliance Global Group, Inc. Provides Revenue Guidance for the Second Quarter of 2022Reliance Global Group, Inc. provided revenue guidance for the second quarter of 2022. For the quarter, the company currently expects revenue to be approximately double compared to the same period last year.
Seeking Alpha • Aug 02Reliance Global Group sees Q2 revenue to get doubledCEO of Reliance Global Group (NASDAQ:RELI) Ezra Beyman said the company expects its second quarter's revenue to approximately double up on year-on-year basis attributable to the growth recorded in recently acquired Barra & Associates and Medigap. "This growth is due in part to the acquisitions of Barra & Associates and Medigap. Importantly, both of these businesses are experiencing strong organic growth since we acquired them earlier this year, further validating our buy-and-build strategy, as well as our ability to acquire cash flow positive agencies at attractive multiples," Beyman said. At the same time, we are experiencing steady growth in Medigap. In July of 2022 alone, Medigap recorded nearly 800 new policies, an increase of more than 20% compared to January of 2022, the month in which we acquired them....Overall, we remain highly encouraged by the outlook for the business and look forward to providing further updates on our progress, the insurance broker's chief added. Stock is up 2.44% in premarket trading. Quick look through RELI's Q1 Results.
공시 • Jul 12Reliance Global Group Launches RELI ExchangeReliance Global Group, Inc. announced the launch of RELI Exchange a business-to-business (B2B) InsurTech platform and agency partner network for insurance agents and agencies. RELI Exchange is a first-in-class technologyplatform and agency partner network. For agents and agencies that join network, RELI Exchange is designed to provide instant and competitive insurance quotes from more than thirty insurance carriers nationwide. Theplatform reduces back-office burden and expenses by eliminating paperwork, thereby providing agents more time to focus on selling policies. RELI Exchange builds on the artificial intelligence and data mining backbone of 5MinuteInsure.com a platform designed to target the direct-to-consumer market.
공시 • Jun 01Reliance Global Group Appoints Senior Corporate Finance Executive William Lebovics as Chief Financial Office, Effective June 1, 2022Reliance Global Group, Inc. announced the appointment of Mr. William Lebovics as Chief Financial Officer, effective June 1, 2022. Mr. Blumenfrucht, who previously served as Chief Financial Officer, will continue as a member of the Company’s Board of Directors and will provide support through the transition period. Among his accomplishments, Mr. Lebovics served as the Finance Manager for IDW Media Holdings, where he was responsible for dealing with financial reporting, financing, and M&A, as well as other finance related operations. Additionally, Mr. Lebovics served as Director of Business Development at IDT Corporation. Mr. Lebovics brings extensive corporate finance experience, including senior roles at PwC and Nippon Life Global Investors. Mr. Lebovics has an MS in Accounting from Fairleigh Dickenson University, an MS in Real Estate with a concentration in Finance and Investment from NYU, and a BS in Business Management from Touro College.
공시 • Apr 28Reliance Global Group, Inc. (NasdaqCM:RELI) acquired Barra & Associates Llc for $7.5 million.Reliance Global Group, Inc. (NasdaqCM:RELI) acquired Barra & Associates Llc for $7.5 million on April 27, 2022. Following the transaction, Grant Barra, founder and CEO of Barra & Associates, will continue to oversee the Barra & Associatessubsidiary, as well as other senior responsibilities within the Company. Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of Barra & Associates Llc on April 27, 2022.
Buying Opportunity • Apr 07Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 41%. The fair value is estimated to be US$4.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 112% in a year. Earnings is forecast to grow by 95% in the next year.
Reported Earnings • Mar 31Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: US$2.09 loss per share (down from US$0.88 loss in FY 2020). Revenue: US$9.71m (up 33% from FY 2020). Net loss: US$21.1m (loss widened 470% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 533%. Over the next year, revenue is forecast to grow 130% while the insurance industry in the US is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.
Breakeven Date Change • Mar 31Forecast to breakeven in 2023The analyst covering Reliance Global Group expects the company to break even for the first time. New forecast suggests the company will make a profit of US$863.0k in 2023. Average annual earnings growth of 139% is required to achieve expected profit on schedule.
공시 • Feb 06Reliance Global Group, Inc. Appoints Joel Markovits as Its Chief Accounting OfficerOn February 1, 2022, Reliance Global Group, Inc.’s board appointed Joel Markovits as its chief accounting officer. Joel Markovits, chief accounting officer joined Reliance in June 2021 and brings over 10 years’ accounting and financial reporting experience in both the public and private sectors.
공시 • Jan 12Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of Medicare supplement and related health insurance business of Medigap Healthcare, LLC.Reliance Global Group, Inc. (NasdaqCM:RELI) entered into an asset purchase agreement to acquire Medicare supplement and related health insurance business of Medigap Healthcare, LLC. for $20.1 million on December 21, 2021. Reliance Global will acquire certain assets and business of Medigap Healthcare in the transaction. Pursuant to the agreement the consideration consisted of a purchase price of approximately $16.6 million in cash and shares of common stock of the Company worth approximately $2.9 million (valued based upon the average closing price of a share of the Company’s common stock for 180 trading days prior to closing) to be issued. Cash portion and one third of the shares were paid at closing. one third of the shares were paid on the first anniversary of the closing date and remaining one third of the shares were paid on the second anniversary of the closing date. However, the agreement was amended and as per the amendments made on December 22, 2021, the cash portion of the purchase price was increased to $18.1 million and the total purchase price is increased to $20.1 million; and the number of shares of Company common stock being issued is reduced to approximately1.96 million, with half being released from lockup on December 21, 2022 and the balance being released from lockup on December 21, 2023. Kyle Perrin will remain Chief Operating Officer of Medigap. Medigap generated revenue of approximately $7 million for the trailing twelve months ended September 30, 2021. The acquisition is contingent upon Reliance Global's ability to close on financing proceeds sufficient to pay the cash purchase price for the business being sold plus working capital and other customary closing conditions. The acquisition is expected to close on or before April 1, 2022. Menachem M. Bensinger of McGrail & Bensinger LLP acted as legal advisor to Reliance Global Group, Inc. Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of Medicare supplement and related health insurance business of Medigap Healthcare, LLC. on January 11, 2022.
Seeking Alpha • Jan 10Reliance Global Group Looks Overvalued Based On FundamentalsReliance Global Group is a small insurance brokerage group focused on technology and acquisitions. Its market valuation has been soaring over the past few weeks and the reason for this could be retail investor interest. Reliance Global Group is popular on several social media websites and is currently the most mentioned company on the r/Shortsqueeze subreddit. However, the data suggests that the share price is rising due to long buying and not short covering. I expect the market valuation to come down significantly as the company stops trending on r/Shortsqueeze and retail investor interest declines.
공시 • Jan 07Reliance Global Group, Inc. announced that it has received $19.999948 million in fundingOn January 5, 2022, Reliance Global Group, Inc. closed the transaction.
공시 • Dec 24+ 1 more updateReliance Global Group, Inc. announced that it expects to receive $19.999948 million in fundingReliance Global Group, Inc. announced that it has entered into a securities purchase agreement with several institutional buyers for a private placement of 2,670,892 common shares, 9,076 series B convertible preferred shares and warrants to purchase up to 9,779,952 shares for gross proceeds of $19,999,948 on December 22, 2021. The purchase price for one common share and two corresponding warrants is $4.09 and purchase price for one series B convertible preferred share and approximately 489 corresponding warrants is $1,000. The series B convertible preferred share is convertible immediately into 2,219,084 common shares at a conversion price of $4.09 per share, subject to customary adjustment. The series B convertible preferred shares receives dividends if and when dividends are paid on the common stock, and is, generally, non-voting. The common shares and preferred shares are of par value $0.086 per share. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $4.09 per share. The warrants will expire five years from the date of issuance. The transaction is subject to approval of shareholders of the company at a special or annual meeting. The transaction is expected to close on or around December 27, 2021. The company is relying on the private placement exemption from registration provided by Section 4(a)(2) of the Securities Act and by Rule 506 of Regulation D, and in reliance on similar exemptions under applicable state laws.
공시 • Dec 01Reliance Global Group, Inc. Launches 5MinuteInsure.com in Missouri, Alabama, Iowa and West VirginiaReliance Global Group, Inc. announced that it has successfully launched 5MinuteInsure.com in Missouri, Alabama, Iowa and West Virginia. 5MinuteInsure.com is a platform developed by Reliance Global that provides an easy and efficient way to shop and buy insurance. Using artificial intelligence and data mining, 5MinuteInsure.com provides consumers with competitive insurance quotes in under 2 minutes, with the ability to bind coverage within 5 minutes. Consumers can compare live quotes for auto insurance between multiple carriers as well as instantly purchase coverage on the same single platform.
공시 • Sep 15Reliance Global Group, Inc. Announces Successful Launch of 5MinuteInsure.Com in OhioReliance Global Group, Inc. announced that it has successfully launched 5MinuteInsure.com in Ohio, the first state in the Company’s planned nationwide rollout. 5MinuteInsure.com is a tool developed by Reliance Global that utilizes artificial intelligence and data mining to provide competitive insurance quotes in under 2 minutes, with the ability to bind coverage within 5 minutes, with minimal data input via a smartphone, tablet or computer. 5MinuteInsure.com combines the best of a traditional insurance agency, including the option for direct agent interaction, with the ability to bind a policy online. Through 5MinuteInsure.com, consumers can compare live quotes for auto insurance between multiple carriers, as well as instantly purchase coverage on the same single platform. This is a major differentiating factor from lead generator comparison sites that compare non-binding quotes and often sell personal information to third-party providers.
공시 • Aug 18Reliance Global Group, Inc. announced delayed 10-Q filingOn 08/17/2021, Reliance Global Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Jun 25Reliance Global Group, Inc.(NasdaqCM:RELI) dropped from NASDAQ Telecom IndexReliance Global Group, Inc. has been removed from NASDAQ Telecom Index .
공시 • Jun 09Reliance Global Group Schedules Commercial Launch of 5Minuteinsure.Com for Third Quarter 2021; Demo Video Now Available OnlineReliance Global Group, Inc. announced plans for the commercial launch of its 5minuteinsure.com platform in Third Quarter 2021 and reports that its new demo video is available on the Companys website. 5minuteinsure.com is designed to utilize artificial intelligence (AI) to provide competitive insurance quotes online within five minutes, with minimal data input by the customer. 5minuteinsure.com combines the best of a traditional insurance agency, including the option for direct agent interaction with the ability to bind a policy either online or offline.
Reported Earnings • May 16First quarter 2021 earnings released: US$0.085 loss per share (vs US$0.34 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$2.30m (up 15% from 1Q 2020). Net loss: US$641.3k (loss narrowed 35% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 14Reliance Global Group, Inc. (NasdaqCM:RELI) acquired J.P. Kush and Associates, Inc. for $2 million.Reliance Global Group, Inc. (NasdaqCM:RELI) acquired J.P. Kush and Associates, Inc. for $2 million on May 12, 2021. The acquisition price was $1.95 million which includes an upfront cash provided by the Company in the amount of $1.9 million and shares of restricted Company common stock with a value of $0.05 million. Earn-Out Payment 1 and Bonus Shares. If the NPLR for Year 1 is equal to or greater than Six Hundred Fifty Thousand 00/100 Dollars ($650,000) (the “Year 1 Benchmark”), Purchaser shall pay to Owner an earm-out amount equal to two and one half (2.5) times the amount of NPLR in excess of the Year 1 Benchmark (the “Earn-Out Amount 1”). Seventy-five percent (75%) of Earn-Out Amount | shall be paid to Owner in cash, with the remaining balance paid in form of restricted shares of common stock in RELI (the *Earn-Out Shares 1”). The Earn Out Shares 1 shall be valued based on the closing price on the NASDAQ Stock Market on April 30. 20. In addition to Earn-Out Amount 1. if the NPLR for Year 1 exceeds Nine Hundred Thousand Dollars ($900,000). then Purchaser shall pay to Owner additional restricted shares of common stock in RELI equal to Fifty Thousand Dollars ($50,000) (the “Bonus Shares”). The Bonus Shares shall be valued based on the closing price on the NASDAQ Stock Market on April 30, 2022. The resale of the Earn-Out Shares 1 and Bonus Shares shall be restricted for a period of six (6) months. Earn-Out Payment 2. If the NPLR for Year 2 is equal to or greater than the greater of the Benchmark or NPLR in Year 1 (the “Year 2 Benchmark”). Purchaser shall pay to Owner an eamn-out amount equal to two and one half (2.5) times the amount of NPLR in excess of the Year 2 Benchmark (the “Earn-Out Amount 2”). Seventy-five percent (75%) of Earn-Out Amount 2 shall be paid to Owner in cash, with the remaining balance paid in form of restricted shares of common stock in RELI (the “Earn-Out Shares 2°). The Eam-Out Shares 2 shall be valued based on the closing price on the NASDAQ Stock Market on April 30, 2023. The resale of the Earn-Out Shares 2 shall be restricted for a period of six (6) months. Earn-Out Payment 3. If the NPLR for Year 3 is equal to or greater than the greater of the Benchmark or NPLR in Year 2 (the “Year 3 Benchmark.” and together with the Year 1 Benchmark and the Year 2 Benchmark, the “Benchmarks”), Purchaser shall pay to Owner an earn-out amount equal to two and one half (2.5) times the amount of NPLR in excess of the Year 3 Benchmark (the “Earn-Out Amount 3”). Seventy-five percent (75%) of Earn-Out Amount 3 shall be paid to Owner in cash, with the remaining balance paid in form of restricted shares of common stock in RELI (the “Earn-Out Shares 3.” and together with Earn-Out Shares 2 and Earn-Out Shares 3, “Earn-Out Shares. The Earn-Out Shares 3 shall be valued based on the closing price on the NASDAQ Stock Market on April 30. 2024. The resale of the Earn-Out Shares 3 shall be restricted for a period of six (6) months. The purchase has been funded through a combination of cash, restricted stock and an earnout. J.P. Kush generated revenue of more than $1.1 million over the trailing twelve months with mid-double digit operating margins. J.P. Kush’s founder, Joshua Kushnereit, will become part of the Reliance Global family as Chief Operating Officer of the new Kush Benefits Solutions, LLC, which is now a wholly owned subsidiary of Reliance Global Group, Inc. The transaction has the potential to be highly accretive. William B. Helbling and David M. Mosier of Knox McLaughlin Gornall & Sennett, P.C. acted as legal advisor to Yaakov Beyman and Erie A. Zacks and Thomas Kelly of Wolfson Bolton PLLC acted as legal advisor to Joshua Kushnerett. Reliance Global Group, Inc. (NasdaqCM:RELI) completed the acquisition of J.P. Kush and Associates, Inc. on May 12, 2021.
Reported Earnings • Mar 25Full year 2020 earnings released: US$0.88 loss per share (vs US$1.22 loss in FY 2019)The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$7.28m (up 64% from FY 2019). Net loss: US$3.70m (loss widened 5.8% from FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Mar 03Introducing Reliance Global Group (NASDAQ:RELI), The Stock That Soared 936% In The Last Three YearsIt hasn't been the best quarter for Reliance Global Group, Inc. ( NASDAQ:RELI ) shareholders, since the share price has...
공시 • Feb 25Reliance Global Group Announces Appointment of Moshe Fishman as Director of Insurance OperationsReliance Global Group, Inc. announced the appointment of Moshe Fishman as Director of Insurance Operations. In this role, he will help oversee the integration of insurance agencies, as well as the rollout of the Company’s new 5MinuteInsure.com platform. Prior to joining Reliance Global Group, Mr. Fishman served as President of Tekeno Financial, LLC, which offers a variety of insurance products and annuities. While at Tekeno, Mr. Fishman structured a variety of unique no load fee insurance products to compete with low yielding bank products. He was also responsible for developing online and national media marketing strategies. Previously, he founded CoverageX LLC, an online platform for comparing, selecting, purchasing and servicing insurance policies. Mr. Fishman also served as President of Fishman Insurance Agency, a property and casualty insurance agency servicing the commercial real estate market.