Grow Capital, Inc. (GRWC) Announces Milestone Achievement of Recurring Revenue for subsidiary PERA Administrators
Grow Capital, Inc. (OTCPINK: GRWC), a financial services and technology holding company, has announced significant progress for its subsidiary PERA Administrators PERA ADMIN, launched in March 2020, is expected to reach break-even operational results and positive cash flow by Q1 2025. The company's current revenue is approaching $80,000 per quarter, with recurring costs fixed at $105,000.
PERA ADMIN has successfully acquired school districts and church plans for 403(b) and 457 accounts, generating recurring service fees from vendors. With the support of Advisors Connect, PERA ADMIN anticipates escalating revenue growth. Grow Capital reports that all its operating subsidiaries are progressing towards profitability, coinciding with the company's return to current reporting status on the OTCMarkets Pink tier. Grow Capital aims to clear an in-progress 15c211 by the end of 2024.
Grow Capital, Inc. (OTCPINK: GRWC), una società di servizi finanziari e holding tecnologica, ha annunciato un progresso significativo per la sua sussidiaria PERA Administrators. PERA ADMIN, lanciata a marzo 2020, si prevede raggiunga risultati operativi in pareggio e un flusso di cassa positivo entro il primo trimestre del 2025. Attualmente, il fatturato dell'azienda si avvicina a $80.000 a trimestre, con costi ricorrenti fissi a $105.000.
PERA ADMIN ha acquisito con successo distretti scolastici e piani ecclesiastici per conti 403(b) e 457, generando commissioni di servizio ricorrenti dai fornitori. Con il supporto di Advisors Connect, PERA ADMIN prevede una crescita del fatturato in aumento. Grow Capital riporta che tutte le sue controllate sono in procinto di raggiungere la redditività, coincidendo con il ritorno della società allo stato di reporting attuale sul livello Pink di OTCMarkets. Grow Capital mira a completare un 15c211 in corso entro la fine del 2024.
Grow Capital, Inc. (OTCPINK: GRWC), una compañía de servicios financieros y tecnología, ha anunciado un progreso significativo para su subsidiaria PERA Administrators. PERA ADMIN, lanzada en marzo de 2020, se espera que alcance resultados operativos de equilibrio y un flujo de caja positivo para el primer trimestre de 2025. Los ingresos actuales de la compañía se acercan a $80,000 por trimestre, con costos recurrentes fijos de $105,000.
PERA ADMIN ha adquirido con éxito distritos escolares y planes de iglesia para cuentas 403(b) y 457, generando tarifas de servicio recurrentes de los proveedores. Con el apoyo de Advisors Connect, PERA ADMIN anticipa un crecimiento de ingresos acelerado. Grow Capital informa que todas sus subsidiarias operativas están progresando hacia la rentabilidad, coincidiendo con el regreso de la empresa a un estado de informes actual en el nivel Pink de OTCMarkets. Grow Capital tiene como objetivo completar un 15c211 en curso para finales de 2024.
Grow Capital, Inc. (OTCPINK: GRWC), 금융 서비스 및 기술 지주 회사, 자회사 PERA Administrators의 중요한 진전을 발표했습니다. PERA ADMIN은 2020년 3월에 출시되었으며 2025년 1분기까지 손익 분기점 운영 결과와 긍정적인 현금 흐름을 달성할 것으로 예상됩니다. 회사의 현재 수익은 분기당 $80,000에 가까워지고, 고정된 반복 비용은 $105,000입니다.
PERA ADMIN은 403(b) 및 457 계좌를 위한 학교 구역 및 교회 계획을 성공적으로 인수하여 공급업체로부터 반복 서비스 수수료를 창출하고 있습니다. Advisors Connect의 지원으로 PERA ADMIN은 수익 성장을 가속화할 것으로 예상됩니다. Grow Capital은 모든 운영 자회사가 수익성을 향해 나아가고 있으며 OTCMarkets Pink 계층에서 현재 보고 상태로 되돌아오고 있다고 보고했습니다. Grow Capital은 2024년 말까지 진행 중인 15c211을 완료하는 것을 목표로 하고 있습니다.
Grow Capital, Inc. (OTCPINK: GRWC), une société de services financiers et de holding technologique, a annoncé des progrès significatifs pour sa filiale PERA Administrators. PERA ADMIN, lancée en mars 2020, devrait atteindre une rentabilité opérationnelle et un flux de trésorerie positif d'ici le premier trimestre 2025. Les revenus actuels de l'entreprise approchent 80 000 $ par trimestre, avec des coûts fixes récurrents de 105 000 $.
PERA ADMIN a acquis avec succès des districts scolaires et des plans d'églises pour des comptes 403(b) et 457, générant des frais de service récurrents de la part des fournisseurs. Avec le soutien d'Advisors Connect, PERA ADMIN anticipe une croissance des revenus accrue. Grow Capital rapporte que toutes ses filiales opérationnelles progressent vers la rentabilité, coïncidant avec le retour de l'entreprise à un statut de rapport actuel sur le niveau Pink des OTCMarkets. Grow Capital vise à finaliser un 15c211 en cours d'ici la fin de 2024.
Grow Capital, Inc. (OTCPINK: GRWC), ein Unternehmen für Finanzdienstleistungen und Technologie-Holding, hat bedeutende Fortschritte für seine Tochtergesellschaft PERA Administrators bekannt gegeben. PERA ADMIN, die im März 2020 gegründet wurde, wird voraussichtlich im ersten Quartal 2025 ein operatives Ergebnis im Break-even-Bereich sowie einen positiven Cashflow erreichen. Der aktuelle Umsatz des Unternehmens nähert sich 80.000 $ pro Quartal, während die fixen laufenden Kosten bei 105.000 $ liegen.
PERA ADMIN hat erfolgreich Schulbezirke und Kirchenpläne für 403(b) und 457 Konten akquiriert und wiederkehrende Servicegebühren von Anbietern generiert. Mit Unterstützung von Advisors Connect erwartet PERA ADMIN ein ansteigendes Umsatzwachstum. Grow Capital berichtet, dass alle Betriebssubsidien auf dem Weg zur Rentabilität sind, während das Unternehmen in den aktuellen Berichtstatus der OTCMarkets Pink-Ebene zurückkehrt. Grow Capital hat sich zum Ziel gesetzt, bis Ende 2024 einen laufenden 15c211 abzuschließen.
- PERA ADMIN expected to reach break-even and positive cash flow by Q1 2025
- Current quarterly revenue approaching $80,000
- Successful acquisition of school districts and church plans for 403(b) and 457 accounts
- All operating subsidiaries progressing towards profitability
- Company returned to current reporting status on OTCMarkets Pink tier
- Current quarterly costs ($105,000) still exceed revenue ($80,000)
- Profitability not expected until 2025
Expectation of Profitability in Q1 2025
Grow Capital CEO, Terry Kennedy, commented, "The PERA ADMIN team has done an extraordinary job acquiring school districts and church plans for 403(b) and 457 accounts over the past year, generating escalating recurring service fees from vendors. With the Company's appointment-setting machine, Advisors Connect, now in full swing, PERA ADMIN is poised for escalating revenue growth as we expect to add complementary revenue from finalized appointments in these districts."
Current PERA ADMIN revenue is approaching
With revenue on a recurring basis now secured in PERA ADMIN, Grow Capital management is pleased to report that all operating subsidiaries—PERA LLC, PERA ADMINISTRATORS, LLC, and Bombshell Technologies LLC—are well on the path to profitability. This achievement comes as the Company has returned to current reporting status on the OTCMarkets Pink tier and aims to clear an in-progress 15c211 by the close of 2024. Driving sales in each subsidiary through 2025 to achieve company wide profitability is the next major milestone for Grow Capital.
For more information on PERA Administrators LLC and to explore their services, please visit their website at https://www.peraadministrators.com/. To learn more about Grow Capital Inc., visit http://www.growcapitalinc.com .
About Grow Capital Inc.
Grow Capital Inc. (OTC: GRWC) is a publicly traded company dedicated to acquiring, launching, and managing businesses that provide innovative solutions in financial technology and services. Through its strategic subsidiaries, Grow Capital Inc. is committed to driving shareholder value and fostering sustainable growth.
Media Contact:
Terry Kennedy, CEO
Grow Capital Inc.
2485 Village View Drive, Ste. 190
Phone: 702-272-2019
Stay updated with our progress: https://www.growcapitalinc.com/
Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward-looking statements include the words "returning," "looking forward," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc.'s filings with the OTC Markets, and/or posted on the Company's website.
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SOURCE Grow Capital Inc.
FAQ
When is PERA Administrators expected to achieve profitability according to GRWC?
What is the current quarterly revenue of PERA Administrators as reported by GRWC?
What are the recurring costs for PERA Administrators as stated by GRWC?
When does GRWC aim to clear its in-progress 15c211?
