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Financial GravityCompanies, Inc. (OTC: FGCO) (“Financial Gravity”), a leadingfinancial services provider, announced today that it achievedprofitability for the first time in the quarter ending December 31,2023, marking an important milestone for the company.
"We are thrilled tohave reached profitability last quarter," said Scott Winters, CEOof Financial Gravity. "Our strategic growth initiatives and focuson operational efficiency have driven improved financial performance.We intend to build on this momentum in 2024 and beyond."
Financial Gravity hasreached this significant profitability milestone due to the successfulexecution of our long-term growth strategy over the past few years.Key achievements that have fueled the path to profitability include:the acquisition and integration of Trusted Advisor/Trusted Team LLC,Marathon Financial Group, LLC, and Cambridge Cape Cod Advisors thatexpanded our client base in New Mexico, Ohio, Massachusetts, andFlorida; development of technology that has enhanced our clientexperience and back-end systems; double-digit revenue growth from theprior year. These efforts have not only expanded the company’smarket reach but have also enhanced its product and service offerings,enabling it to better serve its growing client base.
Winters reiteratedFinancial Gravity's commitment to creating long-term value for itsshareholders: "Today's announcement reinforces the strength ofour business model and growth strategy. We will maintain our balancedapproach to maintain our growth momentum.
Financial Gravity's latest financial statements anddisclosures are available through the OTC Markets website. Our companyprofile page can be accessed at www.otcmarkets.com under the stockticker symbol 'FGCO' or by searching our company name. Thisprovides our regulatory filings, historical annual and quarterlyreports, officer/director information, and performance. See the'Disclosure and News' tab on our company's OTC profile.Investors can view our full financial results including incomestatements, balance sheets, and statements of cash flows.
AboutFinancial Gravity Companies, Inc.
Financial Gravity CompaniesInc., along with its subsidiary companies, provides investment and taxprofessionals with a turnkey family office charter. We help taxprofessionals evolve from the commoditized business of tax complianceto a Family Office Director that runs and manages their ownmulti-family office. Family Office Directors are able to leverage theFinancial Gravity systems, technology, proprietary resources, and deepdomain expertise to bring an elevated and holistic financial serviceexperience to their clients that spans proactive tax planning,retirement and estate planning, wealth management, and riskmitigation. For more information about Financial Gravity Companies,Inc., please visit https://financialgravity.com.
Forward-LookingStatements
This press release contains forward-lookingstatements as that term is defined in the Private SecuritiesLitigation Reform Act of 1995. Such forward-looking statements arebased on current expectations and involve inherent risks anduncertainties, including factors that could delay, divert, or changeany of them and could cause actual outcomes and results to differmaterially from the current expectations. No forward-looking statementcan be guaranteed. Forward-looking statements in this press releaseshould be evaluated together with the many uncertainties that affectFinancial Gravity's business, and Financial Gravity undertakes noobligation to publicly update any forward-looking statement, whetheras 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
CompanyWebsite
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