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
Receivables:
End of Q3: $1,428,281.47
Collected Receivables Q3: $352,729.33
Forecasted: $1,650,963
Result: Surpassed Forecast
Revenue:
Q3: $307,211.00
Forecasted: $298,540 (Commission and Fee Income)
Result: Surpassed Forecast
Assets:
Total Assets End of Q3: $1,926,507
Cash on Hand: $498,226.39
Funding Metrics: o July: $258,700 o August: $389,700 (51% MoM Growth) o September: $489,600 (25% MoM Growth) o Number of Deals Funded in Q3: 169 o Average Deal Size: $6,733 o Total States Funded Since Inception: 17 (76% of total funding-Florida) o Industries Served: ...
