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02.07.2025 15:37:31
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EQS-News: Luminar Media Group/Fortun Reports Record Q2 2025 Results - Funding Tops $3.2 Million
EQS-News: FortunCo, LLC
/ Key word(s): Financial
MIAMI, FL - July 2, 2025 (NEWMEDIAWIRE) - Luminar Media Group, Inc. (OTCID: LRGR), together with its subsidiaries FortunCo LLC, Fortun Advance LLC, Fortun Funding LLC, and Fortun Online, LLC (collectively “Fortun”), a leading revenue-based financing company serving underserved small businesses across the United States and Puerto Rico, today announced financial results and key performance highlights for the second quarter of 2025. Fortun continues to strengthen its position as a trusted capital partner for small business owners, particularly within the Latino community. Through its fully integrated, in-house platform, Fortun has funded approximately 1,500 businesses nationwide, providing flexible working capital and helping Main Street entrepreneurs grow and succeed. Q2 2025 Financial Highlights
Business Growth Trajectory In Q2 2025 alone, Fortun funded more than the total for the entire second half of 2024. For context, Fortun funded $3.17 million in the last six months of 2024, $1.79 million in Q1 2025, and $3.23 million in Q2 2025 - nearly doubling its previous quarter. Notably, 39% of the last 12 months’ funding volume came in this past quarter, underscoring continued strong demand and disciplined execution. Asset growth reflects this momentum. Excluding cash and default allowances, total assets rose from $3.1 million at the end of December 2024 to $4.2 million by March 2025 - an increase of 37.5% - and reached $6.27 million by June 2025, a further 47.6% increase quarter-over-quarter. Fortun’s balance sheet is expanding as quickly as the businesses it supports - delivering tangible shareholder value. Market Outlook Executive Commentary “These results highlight the strength of our platform, our disciplined execution, and the trust we’ve built with small business owners nationwide. We’re funding real businesses, fueling measurable growth, and creating meaningful impact in the communities we serve.” Yoel Damas, President & CEO, added: “Fortun is proving that when you combine innovation, operational excellence, and a commitment to underserved communities, you build lasting value. Q2 marks another step forward in that mission, and we are confident our momentum will continue through 2025 and beyond.” About Luminar Media Group, Inc. Forward-Looking Statements Investor Contact: View the original release on www.newmediawire.com News Source: FortunCo, LLC
02.07.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | FortunCo, LLC |
United States | |
ISIN: | US5502632061 |
EQS News ID: | 2164260 |
End of News | EQS News Service |
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2164260 02.07.2025 CET/CEST
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