Financial Gravity Companies, Inc. Announces Strong Third Quarter Results with Significant Growth in Assets Under Management and Revenue
Austin, TX
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August 01, 2024 06:00 AM Eastern Daylight Time
Financial Gravity Companies, Inc. (OTC: FGCO) is pleased to report strong financial results for the third quarter of 2024. The company demonstrated significant growth in assets under management and revenue and a notable improvement in operating results.
Financial Gravity experienced substantial growth in assets under management, increasing by over $50 million during the third quarter. This growth reflects the company's expanding client base and the trust placed in its financial services offerings.
The company also saw a significant boost in revenue, with an increase of nearly $500,000 for the quarter and over $1,900,000 for the nine months ended September 30, 2024. This robust revenue growth underscores the effectiveness of Financial Gravity's business strategies and the increasing demand for its services.
Perhaps most notably, Financial Gravity achieved a remarkable turnaround in operating results, moving from a loss of ($215,921.93) to a profit of $172,956.91 for the nine months ended September 30, 2024. The company is particularly pleased with this improvement, which demonstrates its commitment to financial discipline and operational efficiency.
"We are thrilled with our third quarter performance, which reflects the continued success of our strategic initiatives and the dedication of our team," said Scott Winters, Financial Gravity's CEO. "The substantial growth in our assets under management and the significant increase in revenue demonstrate the strength of our business model and the trust our clients place in us. Moreover, we are especially proud of the improvement in our operating results, which show our ability to translate growth into profitability. This positive shift is a testament to our team's hard work and our focus on creating value for both our clients and shareholders."
Financial Gravity remains focused on its mission to provide exceptional financial services to its clients, leveraging its expertise in tax planning, wealth management, and risk mitigation. The company's growth in assets under management further solidifies its position in the financial services industry and enhances its ability to deliver comprehensive solutions to clients.
For more information about Financial Gravity Companies, Inc., and its financial services, please visit our website at https://financialgravity.com.
About Financial Gravity Companies, Inc.
Financial Gravity Companies Inc., along with its subsidiary companies, provides investment and tax professionals with a turnkey family office charter. We help tax professionals evolve from the commoditized business of tax compliance to a Family Office Director that runs and manages their own multi-family office. Family Office Directors are able to leverage the Financial Gravity systems, technology, proprietary resources, and deep domain expertise to bring an elevated and holistic financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. For more information about Financial Gravity Companies, Inc., please visit https://financialgravity.com.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert, or change any of them and could cause actual outcomes and results to differ materially from the current expectations. No forward-looking statement can be guaranteed. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect Financial Gravity's business, and Financial Gravity undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Contact Details
Financial Gravity Companies, Inc.
Scott Winters
+1 800-588-3893
scott.winters@financialgravity.com
Company Website
