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Reliance Global Group Inc (NASDAQ:RELI)
1.3904 USD
+0.210 17.831%Sponsored Reports
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| Previous Close (in USD) | 1.18 |
|---|---|
| Change | +0.210 17.831% |
| 52 W H/L (in USD) | 5.070/0.230 |
| EBITDA (in USD) | -2.5M |
| PE Ratio | -- |
| Volume | 2518891 |
| Diluted Eps TTM | -6.61 |
| Total Assets (in USD) | 23.015M |
|---|---|
| Total Liabilities (in USD) | 15.868M |
| Revenue TTM (in USD) | 13.875M |
| Cash (in USD) | 2.739M |
| Market Cap (in USD) | 2.147 M |
| Revenue Per Share TTM | 3.406 |
| Gross Profit TTM (in USD) | 2.61M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Reliance Global Group Inc
Reliance Global Group, Inc. focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
300 Boulevard of the Americas, Lakewood, NJ, United States, 08701
732 380 4600
Employees: 67
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Ezra Beyman | CEO & Exec. Chairman | 1955 |
| 2. | Mr. Joel Markovits CPA | Chief Accounting Officer & Financial Reporting Mang. | 1981 |
| 3. | Mr. Yaakov Beyman | Exec. VP of Insurance Division | 1983 |
| 4. | Mr. William Lebovics | Chief Financial Officer | NA |
| 5. | Mr. Grant Barra | Sr. VP of Operations | NA |
| 6. | Mr. Mark Sisson | Chief Financial Officer of US Benefits Alliance | NA |
| 7. | Miriam Spitz | Director of Treasury Services | NA |
| 8. | Mr. Ezra Beyman | CEO & Executive Chairman | 1955 |
| 9. | Mr. Joel Markovits C.P.A. | Chief Accounting Officer, CFO & Financial Reporting Manager | 1981 |
| 10. | Mr. Yaakov Beyman | Executive Vice President of Insurance Division | 1983 |
Peers
Sector: Financial Services
Industry: Insurance Brokers
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
MMC
Marsh & McLennan Companies Inc |
-0.148 0.068% | 216.17 | 27.110 | 21.598 | 4.117 | 8.014 | 4.689 | 17.723 |
|
AON
Aon PLC |
+0.055 0.016% | 348.54 | 30.990 | 21.142 | 5.235 | 12.742 | 6.450 | 21.844 |
|
AJG
Arthur J Gallagher & Co |
+1.620 0.512% | 314.37 | 54.050 | 25.707 | 5.837 | 5.256 | 6.264 | 27.421 |
|
WTW
Willis Towers Watson PLC |
-1.900 0.638% | 295.87 | 25.570 | 16.026 | 2.807 | 2.797 | 3.285 | 15.427 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Income Before Tax | -10.025M | 6.466M | -21.098M | -3.699M | -3.495M |
| Minority Interest | - | - | - | - | - |
| Net Income | -12.01M | 34.631M | -38.751M | -3.19M | -3.495M |
| Selling General Administrative | 4.09M | 6.718M | 3.589M | 4.206M | 3.639M |
| Gross Profit | 7.39M | 4.779M | 2.61M | 2.055M | 1.429M |
| Reconciled Depreciation | 2.863M | 2.802M | 1.607M | 1.325M | 0.728M |
| Ebit | 0.935M | -7.326M | 14.74M | -3.644M | -3.104M |
| Ebitda | 3.545M | -19.215M | 16.348M | -2.828M | -2.376M |
| Depreciation And Amortization | 2.609M | -11.89M | 1.607M | 0.817M | 0.728M |
| Operating Income | 0.935M | -7.326M | 14.74M | -3.644M | -3.104M |
| Other Operating Expenses | 12.796M | 24.081M | 12.623M | 10.924M | 7.555M |
| Interest Expense | 1.656M | 28.165M | 18.186M | 0M | 0M |
| Tax Provision | - | - | - | - | - |
| Interest Income | - | - | - | - | - |
| Net Interest Income | -1.656M | -0.918M | - | - | - |
| Income Tax Expense | 1.985M | -28.165M | 17.653M | -0.509M | 0.392M |
| Total Revenue | 13.732M | 16.756M | 9.71M | 7.28M | 4.451M |
| Total Operating Expenses | 6.454M | 12.105M | 5.522M | 5.7M | 4.532M |
| Cost Of Revenue | 6.342M | 11.977M | 7.1M | 5.224M | 3.022M |
| Total Other Income Expense Net | -10.961M | 13.792M | -35.839M | -0.055M | -0.392M |
| Net Income From Continuing Ops | -21.028M | 6.466M | -21.098M | -3.699M | -3.495M |
| Net Income Applicable To Common Shares | - | - | -21.098M | -3.699M | -3.495M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 23.015M | 38.428M | 27.676M | 17.922M | 16.993M |
| Intangible Assets | 11.043M | 13.757M | 7.079M | 5.686M | 6.634M |
| Other Current Assets | -4.045M | 0.249M | 2.329M | 0.038M | 0.032M |
| Total Liab | 15.868M | 29.517M | 53.742M | 17.808M | 16.351M |
| Total Stockholder Equity | 7.147M | 8.911M | -26.066M | 0.114M | 0.642M |
| Other Current Liab | 0.216M | 4.936M | 40.951M | 0.225M | 0.059M |
| Common Stock | 0.41M | 0.105M | 0.941M | 0.364M | 0.353M |
| Capital Stock | 0.41M | 0.105M | 0.941M | 0.397M | 0.387M |
| Retained Earnings | -39.002M | -26.992M | -33.458M | -12.482M | -8.783M |
| Good Will | 6.693M | 19.113M | 10.05M | 9.265M | 8.549M |
| Other Assets | - | 0M | 0.017M | 1.785M | 0.002M |
| Cash | 2.739M | 0.505M | 4.136M | 0.045M | 0.007M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 3.19M | 7.794M | 44.981M | 6.884M | 4.668M |
| Current Deferred Revenue | 0.097M | - | 2.294M | - | - |
| Net Debt | 11.911M | 15.865M | 5.298M | 13.925M | 13.332M |
| Short Term Debt | 2.242M | 1.637M | 1.19M | 5.678M | 4.506M |
| Short Long Term Debt | 1.846M | 1.119M | 0.914M | 5.501M | 4.342M |
| Short Long Term Debt Total | 14.65M | 16.37M | 9.434M | 13.97M | 13.339M |
| Other Stockholder Equity | 45.74M | 35.798M | 6.451M | 12.199M | 9.039M |
| Property Plant Equipment | - | - | 1.198M | 0.809M | 1.162M |
| Total Current Assets | 4.379M | 3.265M | 7.982M | 0.81M | 0.647M |
| Long Term Investments | 0M | 0.9M | 1.35M | 1.35M | - |
| Short Term Investments | - | - | - | 1.35M | - |
| Net Receivables | 1.306M | 1.106M | 1.032M | 0.242M | 0.123M |
| Long Term Debt | 11.925M | 14.019M | 7.439M | 8.029M | 8.422M |
| Inventory | 0M | 1.404M | 0.485M | 0.484M | 0.485M |
| Accounts Payable | 0.635M | 1.221M | 0.547M | 0.981M | 0.102M |
| Accumulated Other Comprehensive Income | - | - | - | - | -0.097M |
| Non Currrent Assets Other | 0.02M | 0.023M | 0.017M | 0.002M | 0.002M |
| Non Current Assets Total | 18.636M | 35.162M | 19.694M | 17.112M | 16.346M |
| Capital Lease Obligations | 0.77M | 1.232M | 1.081M | 0.44M | 0.576M |
| Long Term Debt Total | - | - | - | 7.886M | - |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Investments | 1.059M | -24.642M | -2.299M | -1.35M | -1.35M |
| Total Cashflows From Investing Activities | - | - | -2.299M | -1.946M | -11.88M |
| Total Cash From Financing Activities | 0.967M | 25.121M | 8.644M | 2.453M | 12.644M |
| Net Income | -10.025M | 6.466M | -21.098M | -3.699M | -3.495M |
| Change In Cash | 0.829M | -2.711M | 4.091M | 0.038M | 0.39M |
| Begin Period Cash Flow | 1.91M | 4.621M | 0.53M | 0.492M | 0.101M |
| End Period Cash Flow | 2.739M | 1.91M | 4.621M | 0.53M | 0.492M |
| Total Cash From Operating Activities | -0.848M | -3.19M | -2.253M | -0.468M | -0.374M |
| Depreciation | 2.609M | 2.802M | 1.607M | 1.325M | 0.728M |
| Other Cashflows From Investing Activities | - | - | - | -0.596M | - |
| Dividends Paid | - | - | - | - | 0M |
| Change To Inventory | - | - | - | - | -0.036M |
| Sale Purchase Of Stock | - | - | - | 1.2M | - |
| Other Cashflows From Financing Activities | -0.419M | 8.576M | 10.044M | 2.115M | 10.286M |
| Capital Expenditures | 0.19M | 0.954M | 0.691M | 0.071M | 0.562M |
| Change In Working Capital | -0.317M | 0.905M | -0.835M | 0.92M | -0.09M |
| Other Non Cash Items | 5.657M | -14.613M | -0.329M | 0.023M | 0.843M |
| Free Cash Flow | -1.038M | -4.144M | -2.944M | -0.468M | -0.936M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 40514 |
| 2. | Fidelity Extended Market Index | 1 year ago | 7935 |
| 3. | T. Rowe Price U.S. Equities Tr | 1 year ago | 4074 |
| 4. | BlackRock Extended Mkt Composite | 1 year ago | 1814 |
| 5. | Fidelity Total Market Index | 1 year ago | 956 |
| 6. | NT Ext Equity Mkt Idx Fd - NL | 1 year ago | 705 |
| 7. | NT Ext Equity Mkt Idx Fd - DC - NL - T2 | 1 year ago | 566 |
| 8. | Fidelity Series Total Market Index | 1 year ago | 496 |
| 9. | Northern Trust Extended Eq Market Idx | 1 year ago | 434 |
| 10. | NT Ext Equity Mkt Idx Fd - L | 1 year ago | 434 |
| 11. | Spartan Total Market Index Pool E | 1 year ago | 268 |
| 12. | Fidelity Nasdaq Composite Index | 1 year ago | 213 |
| 13. | Spartan Extended Market Index Pool E | 1 year ago | 168 |
| 14. | SSgA U.S. Extended Market Index Class I | 1 year ago | 133 |
| 15. | State St US Extended Mkt Indx NL Cl C | 1 year ago | 133 |
| 16. | State St US Ttl Mkt Indx SL Cl I | 1 year ago | 73 |
| 17. | SSgA U.S. Total Market Index Strategy | 1 year ago | 38 |
| 18. | NT Ext Eq Mkt Indx Fd DC Lending Tier 5 | 1 year ago | 18 |
| 19. | SSgA U.S. Total Market Index Strategy | 1 year ago | 39 |
| 20. | NT Ext Eq Mkt Indx Fd DC Lending Tier 5 | 1 year ago | 23 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Armistice Capital, LLC | 1 year ago | 157736 |
| 2. | Vanguard Group Inc | 1 year ago | 40514 |
| 3. | HRT FINANCIAL LLC | 1 year ago | 30651 |
| 4. | Ground Swell Capital, LLC | 1 year ago | 26561 |
| 5. | TWO SIGMA SECURITIES, LLC | 1 year ago | 15196 |
| 6. | BlackRock Inc | 1 year ago | 10499 |
| 7. | Kestra Advisory Services, LLC | 1 year ago | 10190 |
| 8. | Geode Capital Management, LLC | 1 year ago | 10036 |
| 9. | Tower Research Capital LLC | 1 year ago | 9043 |
| 10. | Advisory Services Network, LLC | 1 year ago | 600 |
| 11. | UBS Group AG | 1 year ago | 228 |
| 12. | Wells Fargo & Co | 1 year ago | 12 |
| 13. | IFP Advisors, LLC | 1 year ago | 0 |
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