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Reliance (RELI) - 2024 Q1 - Quarterly Results
2024-05-20 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT (Exact Name of Registrant as Specified in Its Charter) | Florida | 001-40020 | 46-3390293 | | --- | --- | --- | | (State or Other Jurisdiction | (Commission | (IRS Employer | | of Incorporation) | File Number) | Identification No.) | 300 Blvd. of the Americas, Suite 105 Lakewood, New Jersey 08701 (Address of Principal Executive Offices) (Zip Code) (732) 380-4600 (Registrant's Telephone Number, Including Area Code ...
Reliance Global Group Schedules First Quarter 2024 Financial Results and Business Update Conference Call
Newsfilter· 2024-05-16 12:00
A webcast replay will be available on the investor relations section of the Company's website at https://relianceglobalgroup.com/events-and-presentations/ through May 20, 2025. A telephone replay of the call will be available approximately one hour following the call, through June 3, 2024, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 50621. About Reliance Global Group, Inc. Reliance Global Group, Inc. (NASDAQ:RELI, RELI ...
Reliance (RELI) - 2023 Q4 - Annual Report
2024-04-04 12:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-40020 RELIANCE GLOBAL GROUP, INC. (Exact name of registrant as specified in its charter) | Florida | | 46-3390293 | | --- | --- | - ...
Reliance (RELI) - Prospectus
2024-01-17 00:39
As filed with the Securities and Exchange Commission on January 16, 2024 Registration No. 333-________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FORM S-1 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) Florida 524210 46-3390293 Incorporation or Organization) Classification Code Number) Identification Number) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer 300 B ...
Reliance (RELI) - 2023 Q3 - Earnings Call Transcript
2023-11-19 15:46
Reliance Global Group, Inc. (NASDAQ:RELI) Q3 2023 Earnings Call Transcript November 13, 2023 4:30 PM ET Company Participants Ted Ayvas - IR Ezra Beyman - Chairman and CEO Joel Markovits - CFO Conference Call Participants Mike Albanese - EF Hutton Operator Greetings. Welcome to the Reliance Global Third Quarter 2023 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instr ...
Reliance (RELI) - 2023 Q3 - Quarterly Report
2023-11-13 21:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 300 Blvd. of the Americas, Suite 105 Lakewood, NJ 08701 (Address of principal executive offices) (Zip Code) For the quarterly period ended September 30, 2023 or RELIANCE GLOBAL GROUP, INC. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registra ...
Reliance (RELI) - Prospectus(update)
2023-09-07 21:57
As filed with the Securities and Exchange Commission on September 7, 2023 Registration No. 333-271110 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 PRE-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Reliance Global Group, Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) ...
Reliance (RELI) - 2023 Q2 - Earnings Call Transcript
2023-08-12 09:41
Reliance Global Group, Inc. (NASDAQ:RELI) Q2 2023 Earnings Conference Call August 10, 2023 12:00 PM ET Company Participants Theodore Ayvas - Investor Relations, Crescendo Communications Ezra Beyman - Chairman and Chief Executive Officer Grant Barra - Senior Vice President of Operations Moshe Fishman - Director of Insurtech and Operations Joel Markovits - Chief Financial Officer Conference Call Participants Michael Albanese - EF Hutton Operator Greetings. Welcome to the Reliance Global Second Quarter 2023 Fi ...
Reliance (RELI) - 2023 Q2 - Quarterly Report
2023-08-10 12:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40020 RELIANCE GLOBAL GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...
Reliance (RELI) - 2023 Q1 - Earnings Call Transcript
2023-05-19 00:13
Financial Data and Key Metrics Changes - The company's revenue for Q1 2023 was $3.9 million, representing a 29% increase from $3.1 million in Q1 2022, driven by organic growth and the acquisition of RELI Exchange [24][25] - Net loss for Q1 2023 was $1.8 million, compared to a net income of $9.3 million in the same period of the previous year [26] Business Line Data and Key Metrics Changes - RELI Exchange has over 250 partner agencies, with a focus on experienced agents who can generate revenue quickly [9][32] - The introduction of a real-time life insurance quotation tool and an AI engine to enhance efficiency and customer experience [12][15] Market Data and Key Metrics Changes - The company has seen significant growth in agency partners since the launch of RELI Exchange in July 2022, indicating a strong market presence [22][19] Company Strategy and Development Direction - The company is shifting its focus to experienced agents to enhance revenue generation, leveraging the scalability of the RELI Exchange platform [10][32] - The launch of RELI University aims to provide training and resources to agency partners, fostering a collaborative environment [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in becoming cash flow positive by the end of the year, citing cost-cutting measures and revenue growth as key factors [31][23] - The company is committed to enhancing its technology and service offerings to maintain a competitive edge in the insurance market [16][14] Other Important Information - The company raised $4 million through a securities purchase agreement, providing additional liquidity and strengthening its balance sheet [27] Q&A Session Summary Question: What needs to happen for the company to be cash flow positive by the end of the year? - Management indicated that a mix of cost-cutting measures and revenue growth is essential, with a focus on experienced agents who can generate revenue quickly [31][32] Question: Should revenue per agent increase throughout the year? - Management confirmed that revenue per agent is expected to increase significantly as experienced agents join the platform [34] Question: How do business tools on RELI Exchange help agents compete with larger agencies? - Management explained that RELI Exchange offers a variety of options for clients, allowing independent agents to provide competitive pricing compared to national agencies [44][45] Question: Can you elaborate on the decision to convert a portion of the company loan into shares? - Management expressed confidence in the company's future and highlighted their commitment through personal investment [46]