Luminar Media Group/ Fortun Reports 3rd Quarter Results, Surpassing Forecasts and Demonstrating Impressive Growth
Luminar Media Group (OTCMARKETS: LRGR), a small business revenue-based finance company focusing on Hispanic and minority-owned businesses, has released its Q3 2024 financial results, surpassing forecasts across key metrics. Highlights include:
- Funding Volume: $1,138,000 (exceeded forecast of $1,108,700)
- Receivables: $1,428,281.47 (surpassed forecast of $1,650,963)
- Revenue: $307,211.00 (exceeded forecast of $298,540)
- Total Assets: $1,926,507 with $498,226.39 cash on hand
The company funded 169 deals in Q3, with an average deal size of $6,733. Fortun has expanded to 17 states, with Florida accounting for 76% of total funding. Despite Hurricane Helene's impact on Florida in late September, the company met all its quarterly goals and remains focused on supporting underserved small businesses.
Luminar Media Group (OTCMARKETS: LRGR), una piccola azienda di finanziamento basato sui ricavi che si concentra su imprese di proprietà ispanica e minoritaria, ha pubblicato i risultati finanziari del terzo trimestre 2024, superando le previsioni in tutti i principali indicatori. I punti salienti includono:
- Volume di finanziamento: $1.138.000 (superato il forecast di $1.108.700)
- Crediti: $1.428.281,47 (superato il forecast di $1.650.963)
- Ricavi: $307.211,00 (superato il forecast di $298.540)
- Attività totali: $1.926.507 con $498.226,39 di liquidità disponibile
L'azienda ha finanziato 169 operazioni nel terzo trimestre, con una dimensione media dell'operazione di $6.733. Fortun si è espansa in 17 stati, con la Florida che rappresenta il 76% del finanziamento totale. Nonostante l'impatto dell'uragano Helene sulla Florida alla fine di settembre, l'azienda ha raggiunto tutti i suoi obiettivi trimestrali e rimane concentrata nel supportare le piccole imprese svantaggiate.
Luminar Media Group (OTCMARKETS: LRGR), una empresa de financiamiento basada en ingresos que se enfoca en negocios de propiedad hispana y minoritaria, ha publicado sus resultados financieros del tercer trimestre de 2024, superando las previsiones en todos los principales indicadores. Los aspectos más destacados incluyen:
- Volumen de financiamiento: $1,138,000 (superó la previsión de $1,108,700)
- Cuentas por cobrar: $1,428,281.47 (superó la previsión de $1,650,963)
- Ingresos: $307,211.00 (superó la previsión de $298,540)
- Activos Totales: $1,926,507 con $498,226.39 en efectivo disponible
La compañía financió 169 operaciones en el tercer trimestre, con un tamaño promedio de operación de $6,733. Fortun se ha expandido a 17 estados, siendo Florida responsable del 76% del financiamiento total. A pesar del impacto del huracán Helene en Florida a finales de septiembre, la compañía cumplió con todos sus objetivos trimestrales y sigue enfocada en apoyar a las pequeñas empresas desatendidas.
루미나 미디어 그룹 (OTCMARKETS: LRGR), 히스패닉 및 소수민족 소유 비즈니스에 초점을 맞춘 소규모 수익 기반 금융 회사가 2024년 3분기 재무 실적을 발표했으며, 주요 지표에서 예측을 초과했습니다. 주요 내용은 다음과 같습니다:
- 자금 조달 규모: $1,138,000 (예측 $1,108,700 초과)
- 채권: $1,428,281.47 (예측 $1,650,963 초과)
- 수익: $307,211.00 (예측 $298,540 초과)
- 총 자산: $1,926,507 및 현금 $498,226.39
회사는 3분기 동안 169건의 거래를 성사시켰으며 평균 거래 규모는 $6,733입니다. 포춘은 17개 주로 확장되었으며, 플로리다가 전체 자금 조달의 76%를 차지하고 있습니다. 9월 말 플로리다에 미친 헬렌 허리케인의 영향에도 불구하고 회사는 모든 분기 목표를 달성하였고, 소외된 소규모 비즈니스를 지원하는 데 집중하고 있습니다.
Luminar Media Group (OTCMARKETS: LRGR), une petite entreprise de financement basée sur les revenus qui se concentre sur les entreprises détenues par des Hispaniques et des minorités, a publié ses résultats financiers du troisième trimestre 2024, dépassant les prévisions dans tous les indicateurs clés. Les points forts incluent :
- Volume de financement : 1 138 000 $ (dépassé la prévision de 1 108 700 $)
- Créances : 1 428 281,47 $ (dépassé la prévision de 1 650 963 $)
- Revenus : 307 211,00 $ (dépassé la prévision de 298 540 $)
- Actifs totaux : 1 926 507 $ avec 498 226,39 $ de liquidités disponibles
La société a financé 169 opérations au troisième trimestre, avec une taille moyenne d'opération de 6 733 $. Fortun s'est étendu à 17 États, la Floride représentant 76 % du financement total. Malgré l'impact de l'ouragan Helene sur la Floride à la fin septembre, l'entreprise a atteint tous ses objectifs trimestriels et reste concentrée sur le soutien aux petites entreprises défavorisées.
Luminar Media Group (OTCMARKETS: LRGR), ein kleines Unternehmen für einkommensbasiertes Finanzwesen mit Fokus auf hispanische und Minderheiteneigentümer, hat seine Finanzberichte für das 3. Quartal 2024 veröffentlicht und dabei die Prognosen in allen wichtigen Kennzahlen übertroffen. Zu den Highlights gehören:
- Finanzierungsvolumen: $1.138.000 (übertraf die Prognose von $1.108.700)
- Forderungen: $1.428.281,47 (übertraf die Prognose von $1.650.963)
- Umsatz: $307.211,00 (übertraf die Prognose von $298.540)
- Gesamtvermögen: $1.926.507 mit $498.226,39 Bargeld zur Verfügung
Das Unternehmen finanzierte im 3. Quartal 169 Transaktionen mit einer durchschnittlichen Transaktionsgröße von $6.733. Fortun hat sich auf 17 Bundesstaaten ausgeweitet, wobei Florida 76% der gesamten Finanzierung ausmacht. Trotz der Auswirkungen des Hurrikans Helene auf Florida Ende September hat das Unternehmen alle seine vierteljährlichen Ziele erreicht und konzentriert sich weiterhin darauf, benachteiligte kleine Unternehmen zu unterstützen.
- Exceeded Q3 2024 forecasts for funding volume, receivables, and revenue
- Significant month-over-month growth in funding: 51% in August and 25% in September
- Expanded operations to 17 states, serving 35 industries
- Strong cash position with $498,226.39 on hand
- Hurricane Helene impacted deal flow in Florida, the company's largest funding market
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTCMARKETS: LRGR), a small business revenue-based finance company with a focus on Hispanic and minority-owned businesses, has released its financial results for the 3rd Quarter of 2024. The report highlights substantial growth across key financial and operational metrics, further solidifying Fortun's expanding presence in providing essential capital to underserved markets.
Key Financial Highlights for Q3 2024:
- Funding Volume:
- Q3:
$1,138,000 - Forecasted:
$1,108,700 - Result: Surpassed Forecast
- Q3:
- Receivables:
- End of Q3:
$1,428,281.47 - Collected Receivables Q3:
$352,729.33 - Forecasted:
$1,650,963 - Result: Surpassed Forecast
- End of Q3:
- Revenue:
- Q3:
$307,211.00 - Forecasted:
$298,540 (Commission and Fee Income) - Result: Surpassed Forecast
- Q3:
- Assets:
- Total Assets End of Q3:
$1,926,507 - Cash on Hand:
$498,226.39
- Total Assets End of Q3:
Funding Metrics:
o July:
o August:
o September:
o Number of Deals Funded in Q3: 169
o Average Deal Size:
o Total States Funded Since Inception: 17 (
o Industries Served: 35
o Top 3 Industries: Trucking/Transport:
Strategic Outlook
Fortun remains focused on creating long-term value as it expands its funding operations with a particular emphasis on Hispanic-owned and underserved small businesses. With strong financial results and an expanding operational footprint, the company is well positioned to capitalize on continued growth opportunities as it heads into the final quarter of 2024.
“Our 3rd Quarter results highlight the continued success of our core funding strategies and our commitment to delivering results for our shareholders,” said Yoel Damas, Chairman and President. “We believe these numbers would have been even stronger if not for Hurricane Helene, which impacted Florida—our largest funding market—in the last week of September, affecting our deal flow as the state dealt with the storm’s devastating effects. Despite these challenges, we are proud to announce that we met all our goals for the quarter and remain committed to supporting Floridians as they rebuild. Our thoughts and prayers are with all those affected by this horrific storm. We look forward to a strong finish to the year and continued growth as we move into the fourth quarter.”
About Luminar Media Group, Inc.
Luminar Media Group, Inc., headquartered in Miami, Florida, is a pioneering fintech company providing tailored financial solutions to underserved communities, particularly Latino and minority-owned enterprises. Through its subsidiaries, FortunCo and Fortun Advance, the company empowers small businesses by offering the funding they need to thrive.
Forward-Looking Statements
This release contains forward-looking statements that reflect Luminar Media Group's current strategies and expectations for future performance. Actual results may differ materially due to various risks and uncertainties. Investors should review the company’s filings with the SEC for further information.
The financial data presented herein is subject to review by our independent accountants and may be adjusted prior to final reporting. Please note that the information provided is preliminary and should not be considered final until it has undergone the complete review process.
For more information, please contact:
Robert Rico
Investor Relations
Phone: 305-283-9237
Email: Robert@Fortunco.com
Follow us on X: @FortunCorp
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