Reliance Global Group, Inc. (formerly known as Ethos Media Network, Inc.) was incorporated in Florida on August 2, 2013. In September 2018, Reliance Global Holdings, LLC, a related party, purchased a controlling interest in the Company. Ethos Media Network, Inc. was renamed Reliance Global Group, Inc. on October 18, 2018.
Company profile
Ticker
RELI, RELIW
Exchange
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Employee Benefits Solutions, LLC • US Benefits Alliance, LLC • Commercial Coverage Solutions, LLC • Southwestern Montana Insurance Center, LLC • Fortman Insurance Services, LLC • Altruis Benefits Consulting, Inc. ...
IRS number
463390293
RELI stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
30 Mar 23
8-K
Reliance Global Group Achieves 73% Increase in Revenue to $16.8 Million for 2022
30 Mar 23
8-K
Reliance Global Group Schedules 2022 Year-End Financial Results and Business Update Conference Call
29 Mar 23
8-K
Reliance Global Group, Inc. Announces Closing of $4.0 Million Private Placement
16 Mar 23
8-K
Reliance Global Group Projects Strong Revenue Growth of More Than 70% for Fiscal 2022
16 Mar 23
8-K
Entry into a Material Definitive Agreement
14 Mar 23
8-K
Other Events
10 Mar 23
8-K
Reliance Global Group Announces 1-for-15 Reverse Stock Split
22 Feb 23
8-K
Unregistered Sales of Equity Securities
16 Feb 23
8-K
Entry into a Material Definitive Agreement
13 Feb 23
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
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| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.91 mm | 1.91 mm | 1.91 mm | 1.91 mm | 1.91 mm | 1.91 mm |
| Cash burn (monthly) | 371.33 k | (no burn) | 5.28 mm | 1.81 mm | 337.33 k | 265.83 k |
| Cash used (since last report) | 1.11 mm | n/a | 15.84 mm | 5.43 mm | 1.01 mm | 797.72 k |
| Cash remaining | 795.69 k | n/a | -13.93 mm | -3.52 mm | 897.72 k | 1.11 mm |
| Runway (months of cash) | 2.1 | n/a | -2.6 | -1.9 | 2.7 | 4.2 |
Institutional ownership, Q3 2022
3.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 13 |
| Opened positions | 4 |
| Closed positions | 5 |
| Increased positions | 3 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 587.00 k |
| Total shares | 670.31 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 251.77 k | $195.00 k |
| BLK Blackrock | 157.46 k | $122.00 k |
| Geode Capital Management | 85.94 k | $66.00 k |
| T. Rowe Price | 61.10 k | $48.00 k |
| Susquehanna Fundamental Investments | 40.70 k | $32.00 k |
| NTRS Northern Trust | 17.16 k | $13.00 k |
| IFP Advisors | 12.52 k | $77.00 k |
| Two Sigma Securities | 11.52 k | $9.00 k |
| UBS UBS Group AG - Registered Shares | 11.19 k | $9.00 k |
| Virtu Financial | 10.79 k | $8.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Sep 22 | Ezra Beyman | Common Stock | Buy | Acquire P | No | No | 0.99 | 126,435 | 125.17 k | 574,024 |
| 14 Sep 22 | Ezra Beyman | Common Stock | Buy | Acquire P | No | No | 0.94 | 207,868 | 195.40 k | 447,589 |
| 13 Sep 22 | Ezra Beyman | Common Stock | Buy | Acquire P | No | No | 0.84 | 118,500 | 99.54 k | 239,721 |
| 12 Sep 22 | Ezra Beyman | Common Stock | Buy | Acquire P | No | No | 0.8 | 49,300 | 39.44 k | 121,221 |
News
Reliance Global Group Achieves 73% Increase In Revenue To $16.8M For 2022
30 Mar 23
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21 Mar 23
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17 Mar 23
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15 Mar 23
Press releases
Reliance Global Group Achieves 73% Increase in Revenue to $16.8 Million for 2022
30 Mar 23
Reliance Global Group, Inc. Announces Closing of $4.0 Million Private Placement
16 Mar 23
Reliance Global Group, Inc. Announces Pricing of $4.0 Million Private Placement Priced At-the-Market Per Nasdaq Rules
13 Mar 23
Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements
10 Mar 23
Reliance Global Group Announces 1-for-15 Reverse Stock Split
22 Feb 23