Business
EQS-News: Fortun's Year-End Earnings Signal Continued Exponential Growth for 2025
EQS-News: Fortun's Year-End Earnings Signal Continued Exponential Growth for 2025.
About this update from Luminar Media Group, Inc.
[{"type":"text","content":"\n\n\n\n\t\n\n\n\n\n\n\n\n\n\nEQS-News: FortunCo, LLC\n\n\n / Key word(s): Financial\n\n\n\n\n\nFortun's Year-End Earnings Signal Continued Exponential Growth for 2025 15.01.2025 / 15:05 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\n Innovative Financial Products and Operational Efficiency Driving Business Expansion\nMIAMI, FL - January 15, 2025 (NEWMEDIAWIRE) - Luminar Media Group, Inc. (OTCMARKETS: LRGR), a fintech company specializing in alternative financing solutions for small businesses across the United States, is pleased to announce a strong finish to 2024. Since Luminar Media Group’s acquisition of FortunCo, LLC and Fortun Advance, LLC (collectively, “Fortun”) in late May 2024, Fortun has delivered outstanding financial results, reflecting its ability to penetrate the market and execute effectively.\n2024 Performance Highlights\nKey 2024 Year Highlights:\nAmount Funded: $3,064,800\nNumber of Deals: 411\nAverage Deal Size: $7,457\nEnd-of-Year Assets: $3,387,515* ($369,316 Cash on Hand + $3,018,199 A/R) *Subject to 15% Non-Current A/R\nStates Funded: 27\nTotal Revenue: $801,375\nQ4 2024 Highlights:\nAmount Funded: $1,851,900\nNumber of Deals: 222\nAverage Deal Size: $8,342 \nTotal Revenue: $473,060\nQ3 vs. Q4 Performance\nFortun achieved significant growth when comparing Q3 to Q4 2024:\nAmount Funded: Increased 62%, from $1,140,000 in Q3 to $1,850,000 million in Q4, driven by strong demand for Fortun’s financing solutions.\nNumber of Deals: Grew 31%, from 169 in Q3 to 222 in Q4, reflecting successful customer acquisition efforts.\nAverage Deal Size: Improved 24%, from $6,733 in Q3 to $8,342 in Q4, highlighting Fortun’s ability to capitalize on larger funding opportunities.\nTotal Revenue: Rose 54%, from $307,211 in Q3 to $473,060 in Q4, supported by effective revenue strategies and increasing market traction.\nAssets: Grew 77% for the quarter, from $1,914,908* at the end of Q3 to $3,387,515* at the end of Q4. \nLooking Ahead to 2025\nBuilding on its 2024 momentum, Fortun is well-positioned for exponential growth in 2025. With strong market demand and deepened relationships with investors and partners, the company plans to strengthen its market position, significantly surpassing Q4 2024 performance.\nIn December 2024, the company entered into an advisory agreement with ThinkEquit...