FGCO
Financial Gravity Companies, Inc.0.0800
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.64MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Board member resigns voluntarily
Financial Gravity Companies, Inc. announced that board member Mark Williams resigned voluntarily on January 29, 2025, effective immediately, from his directorship and all committees. The company stated no disagreements existed over operations, policies, or practices. This departure leaves the board leaner amid ongoing strategic shifts.
8-K
Agreements terminated, revenue at risk
Financial Gravity Companies terminated key agreements with Marathon Financial Group on August 20, 2024, after Marathon initiated actions to reclaim client accounts and AUM previously acquired by the company's investment advisor subsidiaries. This dispute could slash 2025 cash flow by $350,000, threatening a net loss without revenue replacements. Marathon asserts competitive rights; Financial Gravity plans legal enforcement. The company eyes growth to offset the hit.
10-Q
Q3 FY2022 results
Financial Gravity's Q3 FY2022 revenue dipped 19.7% y/y to $1.3M, driven by Forta's wind-down, yet service income from FGEM and TMN climbed 72.5% y/y while investment fees held steady; gross profit narrowed to 88.2% of revenue from 100.0%, but operating loss improved 26.8% y/y to $292K thanks to slashed compensation and admin costs. YTD revenue fell 10.8% y/y to $4.5M, with net loss shrinking 94.3% to $426K after PPP forgiveness, though operating loss widened slightly to $762K. Cash ended at $208K after $90K YTD operating burn, with $50K line of credit drawn and $134K notes payable; free cash flow not disclosed in the 10-Q. Forta operations ceased, trimming drag. One advisor's exit risks $25K monthly revenue hit.
10-Q
Q2 FY2022 results
Financial Gravity's Q2 FY2022 revenue dipped 6.3% y/y to $1.6M, driven by Forta's wind-down, yet service income from TMN and insurance via FGEM climbed 92% y/y to $833K, offsetting weaker broker dealer fees down 89% y/y to $28K. Operating loss widened to $397K from $104K y/y, fueled by a $250K custodian termination charge in cost of services, while compensation edged down 7% y/y to $1.3M; net loss hit $398K, nearly matching operating loss with minimal interest drag. Cash drained to $178K after $120K YTD operating use, with $50K drawn on a $68K line at 7.75% and $423K PPP debt eyed for partial forgiveness. No M&A or non-GAAP metrics disclosed in the 10-Q. One advisor's exit threatens $25K monthly revenue drop.
8-K
Auditor switch announced
Financial Gravity Companies, Inc. switched auditors on April 7, 2022, engaging Armanino LLP as its new independent registered public accounting firm. This change replaces the prior accountant, signaling a fresh start in financial oversight. No disagreements or issues were disclosed. Smooth transitions matter here.
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