Business
The Marketing Alliance Announces Financial Results for Fiscal Year Ended March 31, 2025
The Marketing Alliance Announces Financial Results for Fiscal Year Ended March 31, 2025.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\r\n\r\n \r\n \r\n The Marketing Alliance Announces Financial Results for Fiscal Year Ended March 31, 2025\r\n \r\n \r\n\r\n\r\nThe Marketing Alliance Announces Financial Results for Fiscal Year Ended March 31, 2025\r\n\r\n\r\n\r\n\r\n\r\nST. LOUIS, June 30, 2025 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), announced its financial results today for its fiscal 2025 year ended March 31, 2025. FY 2025 Financial Key Items (all comparisons to the prior year period) \r\n Revenues from operations were $21,373,673 compared to $19,585,772. The 9% increase was primarily due to 12% revenue growth in the insurance distribution business that was offset by a decline in construction revenue\r\n Operating income from continuing operations of $730,005 compared to $1,099,267 in the prior year  \r\n Net income was $465,599 or $0.06 per share compared to $1,043,214 or $0.13 per share in the prior year\r\n The Company completed its share repurchase program announced October 2024, to repurchase up to 800,000 shares of issued and outstanding common stock\r\n Management Comments Timothy M. Klusas, TMA’s Chief Executive Officer, commented, “We were pleased with our performance in the final quarter to finish this fiscal year, as some of the projects we initiated and key roles we created on our leadership team started to gain traction. We realized double-digit revenue gains in the insurance business and now turn to finding ways to streamline operations and improve operating efficiency. Further, as our business continues to evolve, in the previous quarter we elected to acknowledge the changing nature of our reimbursement and marketing revenues by recognizing them over their respective projected project lives (often the calendar year) instead of when agreed and billed. Historically the company has treated non-refundable reimbursement and marketing fee revenue from carriers as earned when the agreed upon amount has been invoiced. We will now acknowledge any timing differences of these payments as deferred revenue on the balance sheet. Starting with the quarter that just ended, the company treated reimbursement and marketing revenue as a time-duration item and allocated revenue throughout its respective period.   The construction business was diff...