Financial Gravity Companies, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2021
August 27, 2021 at 02:57 pm EDT
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Financial Gravity Companies, Inc. announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced total revenue was USD 1.676 million compared to USD 947,491 a year ago. Operating loss was USD 398,381 compared to USD 262,763 a year ago. Net loss was USD 7.111 million compared to USD 271,170 a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.08. For the nine months, total revenue was USD 5.066 million compared to USD 2.249 million a year ago. Operating loss was USD 686,907 compared to USD 578,631 a year ago. Net loss was USD 7.406 million compared to USD 437,511 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.08.
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.