Earnings Call Summary | Reliance Global Group(RELI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Reliance Global Group(RELI.US) Q1 2024 Earnings Conference
The following is a summary of the Reliance Global Group, Inc. (RELI) Q1 2024 Earnings Call Transcript:
以下是信實環球集團有限公司(RELI)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Reliance Global Group reported a 4% revenue increase in Q1 2024 to $4.1 million, attributed to ongoing organic growth.
The company experienced increases in commission expense to $1.3 million and general and administrative expenses to $1.4 million.
Q1 2024 saw a significant net loss of $5.3 million as a result of a non-cash impairment charge of $3.9 million.
Adjusted EBITDA was slightly negative at $74,000, but the metric is expected to improve as the fiscal year progresses.
信實環球集團報告稱,由於持續的有機增長,2024年第一季度收入增長了4%,達到410萬美元。
該公司的佣金支出增加到130萬美元,一般和管理費用增加到140萬美元。
由於390萬澳元的非現金減值費用,2024年第一季度出現了530萬美元的巨額淨虧損。
調整後的息稅折舊攤銷前利潤略爲負74,000美元,但隨着財年的推移,該指標預計將有所改善。
Business Progress:
業務進展:
Throughout Q1 2024, Reliance Global Group initiated the integration of its own nine agencies across the US into a single entity, aiming to increase revenue and profitability.
The company expects a significant revenue boost towards a total of $28 million with the anticipated acquisition of Spetner Associates, a benefits enrollment company which predicts a $14 million revenue for 2024.
The Spetner acquisition also projects to add $4 million to Reliance's EBITDA for 2024.
In addition to immediate financial benefits, the strategic integration and acquisition will aim at positioning Reliance Global Group as a technological frontrunner in the $436 billion global insurance agency brokerage market, driving profitability and shareholder value.
在整個2024年第一季度,信實環球集團開始將其在美國的九個機構整合爲一個單一實體,旨在增加收入和盈利能力。
該公司預計,收購Spetner Associates將大幅增加總收入2,800萬美元。Spetner Associates是一家福利登記公司,預計2024年的收入爲1400萬美元。
斯佩特納的收購還預計將使信實2024年的息稅折舊攤銷前利潤增加400萬美元。
除了立即獲得財務收益外,此次戰略整合和收購還將旨在將信實環球集團定位爲4,360億美元的全球保險代理經紀市場的技術領跑者,從而提高盈利能力和股東價值。
More details: Reliance Global Group IR
更多詳情: 信實環球集團投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。