Financial Gravity Companies, Inc. (OTC: FGCO) (“Financial Gravity”), a leading financial services provider, announced today that it achieved profitability for the first time in the quarter ending December 31, 2023, marking an important milestone for the company.
“We are thrilled to have reached profitability last quarter,” said Scott Winters, CEO of Financial Gravity. “Our strategic growth initiatives and focus on operational efficiency have driven improved financial performance. We intend to build on this momentum in 2024 and beyond.”
Financial Gravity has reached this significant profitability milestone due to the successful execution of our long-term growth strategy over the past few years. Key achievements that have fueled the path to profitability include: the acquisition and integration of Trusted Advisor/Trusted Team LLC, Marathon Financial Group, LLC, and Cambridge Cape Cod Advisors that expanded our client base in New Mexico, Ohio, Massachusetts, and Florida; development of technology that has enhanced our client experience and back-end systems; double-digit revenue growth from the prior year. These efforts have not only expanded the company’s market reach but have also enhanced its product and service offerings, enabling it to better serve its growing client base.
Winters reiterated Financial Gravity’s commitment to creating long-term value for its shareholders: “Today’s announcement reinforces the strength of our business model and growth strategy. We will maintain our balanced approach to maintain our growth momentum.
Financial Gravity’s latest financial statements and disclosures are available through the OTC Markets website. Our company profile page can be accessed at www.otcmarkets.com under the stock ticker symbol ‘FGCO’ or by searching our company name. This provides our regulatory filings, historical annual and quarterly reports, officer/director information, and performance. See the ‘Disclosure and News’ tab on our company’s OTC profile. Investors can view our full financial results including income statements, balance sheets, and statements of cash flows.