Reliant Holdings Reports Strong Q3 2024 Results

TL;DR

**Reliant Holdings Q3 2024: $70M Revenue, $16.7M Net Income - Solid performance!**

AI Summary

Reliant Holdings, Inc. filed its Q3 2024 10-Q report on December 20, 2024, covering the period ending September 30, 2024. The company, based in Austin, TX, operates in the construction special trade contractors sector. Key financial figures for the nine months ended September 30, 2024, include total revenues of $70,000,000 and net income of $16,785,000.

Why It Matters

This filing provides investors with a quarterly update on Reliant Holdings' financial performance, including revenue and net income, which are crucial for assessing the company's operational health and investment potential.

Risk Assessment

Risk Level: medium — The company's risk level is medium due to its focus on the construction sector, which can be cyclical and subject to economic downturns, and the presence of various notes indicating potential debt obligations.

Key Numbers

• $70.0B — Total Revenues (For the nine months ended September 30, 2024.)
• $16.7B — Net Income (For the nine months ended September 30, 2024.)
• $5,000,000 — Cash and Cash Equivalents (As of September 30, 2024.)

Key Players & Entities

• Reliant Holdings, Inc. (company) — Filer of the 10-Q report.
• 2024-09-30 (date) — End of the reporting period for the Q3 2024 10-Q.
• $70,000,000 (dollar_amount) — Total revenues for the nine months ended September 30, 2024.
• $16,785,000 (dollar_amount) — Net income for the nine months ended September 30, 2024.
• Austin, TX (location) — Business address of Reliant Holdings, Inc.

FAQ

Key Financial Figures

• $400,700 — are costs 4,317 - Note receivable, $400,700 and $-0-, due from related party, respe

Filing Documents

• reliant_10q.htm (10-Q) — 1078KB
• reliant_ex311.htm (EX-31.1) — 10KB
• reliant_ex321.htm (EX-31.1) — 4KB
• 0001477932-24-008245.txt ( ) — 4297KB
• reliant-20240930.xsd (EX-101.SCH) — 50KB
• reliant-20240930_lab.xml (EX-101.LAB) — 243KB
• reliant-20240930_cal.xml (EX-101.CAL) — 49KB
• reliant-20240930_pre.xml (EX-101.PRE) — 213KB
• reliant-20240930_def.xml (EX-101.DEF) — 132KB
• reliant_10q_htm.xml (XML) — 570KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Unaudited Consolidated Balance Sheets 4 Unaudited Consolidated Statements of Operations 5 Unaudited Consolidated Statements of Stockholders' Equity 6 Unaudited Consolidated Statements of Cash Flows 7 Notes to the Unaudited Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 26

Controls and Procedures

Item 4. Controls and Procedures 26

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 27

Risk Factors

Item 1A. Risk Factors 27

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 28

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 28

Other Information

Item 5. Other Information. 28

Exhibits

Item 6. Exhibits 29 2 Table of Contents Cautionary Statement Regarding Forward-Looking Information This Quarterly Report on Form 10-Q (this " Report ") contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: " anticipate, " " believe, " " continue, " " could, " " estimate, " " expect, " " intend, " " may, " " ongoing, " " plan, " " potential, " " predict, " " project, " " should, " or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Report. These factors include: the need for additional funding; the outcome of strategic transactions; our lack of a significant operating history; the fact that our sole officer and director has control over our voting stock; the loss of key personnel or failure to attract, integrate and retain additional personnel; corporate governance risks; economic downturns; the level of competition in our industry and our ability to compete; our ability to respond to changes in our industry; our ability to protect our intellectual property and not infringe on others' intellectual property; our ability to sca

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View this 10-Q filing on SEC EDGAR