Financial Gravity Companies, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2020
May 29, 2020 at 06:04 am EDT
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Financial Gravity Companies, Inc. announced earnings results for the second quarter ended March 31, 2020. For the second quarter, the company announced total revenue was USD 616,680 compared to USD 1.161 million a year ago. Operating loss was USD 159,981 compared to USD 264,056 a year ago. Net loss was USD 162,107 compared to USD 316,023 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, total revenue was USD 1.308 million compared to USD 2.055 million a year ago. Operating loss was USD 318,105 compared to USD 426,206 a year ago. Net loss was USD 171,352 compared to USD 520,271 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Financial Gravity Companies, Inc., along with its subsidiary companies, provides investment and tax professionals with a turnkey family office charter. It helps tax professionals evolve from the commoditized business of tax compliance to a Family Office Director that runs and manages their own multi-family office. Its subsidiaries include Financial Gravity Asset Management, Inc. (FGAM), Financial Gravity Enhanced Markets, LLC (FGEM), Tax Master Network (TMN), and Financial Gravity Family Office Services, LLC (FGFOS). FGAM is a registered investment advisor (RIA) that provides asset management services to individuals and businesses. FGEM is an insurance marketing organization and provides insurance products and services to insurance agencies. TMN provides tax services, including its Tax Blueprint system, which identifies strategies for lowering the client's taxes. FGFOS is an RIA that offers financial planning, and wealth management services to clients through investment advisors.
FINANCIAL GRAVITY COMPANIES, INC. 
