Luminar Media Group/Fortun Releases Q1 2025 Financial Results

About this update from Luminar Media Group, Inc.

[{"type":"image","caption":"","headline":"Luminar Media Group, Inc. Reports Record Financial Results: Revenue Up 220%, Profit Surges 800%","size":{"original":{"width":140,"height":112,"url":"https://media.zenfs.com/en/newsmediawire_165/f4547b1a1b12444c941dedefb9a5fff8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/iSZ3vFYUl.kWUvI4CN6wKQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTE2ODtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/f4547b1a1b12444c941dedefb9a5fff8","width":140,"height":112}}},{"type":"text","content":"MIAMI, FL - April 2, 2025 (NEWMEDIAWIRE) - Luminar Media Group, Inc. ("Luminar") (OTCMARKETS: LRGR), along with its subsidiaries FortunCo LLC, Fortun Advance LLC, Fortun Funding LLC, and Fortun Online, LLC (collectively, "Fortun"), a leading group of fintech companies providing working capital and financial services to underserved businesses, is proud to announce its Q1 2025 financial results. Total assets now exceed $4.5 million.","length":454,"tagName":"p"},{"type":"text","content":"Building on a robust Q4 2024, Luminar continues to achieve remarkable performance driven by improvements in operational efficiency and strong customer demand including repeat business. Performance this quarter exceeded expectations; Luminar is experiencing growth in all business segments driven by increased demand for Fortun services. Luminar anticipates continued growth quarter-over-quarter and expects to expand its 2025 target goals.","length":439,"tagName":"p"},{"type":"text","content":"Q1 2025 Financial Results","length":25,"tagName":"p"},{"type":"text","content":"Total Funded: $1,879,704.34 Total Automated Clearing House (ACH) Funds Received: $1,797,612.30 (60% growth vs. Q4, improved collection process) Total Accounts Receivable (AR): $3,997,197.21 (32.4% growth vs. Q4) Total Cash on Hand: $570,128.29 Total Assets (AR + Cash): $4,567,325 Number of Deals Funded in Q1: 261 (18% higher than Q4) Total States Funded to Date: 37 plus Puerto Rico","length":391,"tagName":"p"},{"type":"text","content":"Business Performance UpdateAs of March 31, 2025, Fortun Advance's total assets have reached $4,567,325, including $570,128.29 in cash and $3,997,197.21 in receivablesa significant rise since Luminar Media Group's acquisition of Fortun in May 2024.","length":256,"tagName":"p"},{"type":"text","content":"Market InsightSmall businesses ...

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