The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

Luminar Media Group, Inc. Reports Record Financial Results: Revenue Up 220%, Profit Surges 800%

Key Financial Highlights – First Half 2025

  • Revenue: $3,556,693 in H1 2025, up 220% quarter-over-quarter in Q2.
  • Operating Income: $1,741,738, representing a 748% quarter-over-quarter increase.
  • Net Income (before taxes): $1,680,582, up 807% quarter-over-quarter.
  • Basic EPS: $0.0161 per share for H1 2025, reflecting a 954% increase.
  • Expense Efficiency: Operating expenses rose only 74%, well below the pace of revenue growth.

“This extraordinary performance highlights the scalability of our platform and our ability to execute in a rapidly expanding market,” said Yoel Damas, Chief Executive Officer of Fortun. “Our mission is to provide fast, reliable capital to small businesses traditionally overlooked by banks. The fact that we achieved over 800% profit growth while limiting expense growth to just 74% demonstrates the strength of our model and the value we bring to both our clients and our shareholders. With our revenue base expanding and margins strengthening, we are well-positioned for continued success in the second half of 2025.”

Growth Drivers

The Company attributes its record results to strong demand for its revenue-based financing solutions, disciplined expense management, and ongoing market expansion efforts. These results underscore Fortun’s ability to accelerate growth while maintaining cost discipline, translating directly into outsized gains for shareholders.

Looking Ahead

As credit conditions tighten for small businesses, Fortun expects demand for its alternative funding solutions to remain strong through the second half of 2025. The Company is also advancing plans to introduce new digital funding products, enhance underwriting capabilities with AI and machine learning, and pursue strategic partnerships to broaden its presence across the mainland U.S. and Puerto Rico. Management believes these initiatives will create new revenue opportunities and further strengthen Fortun’s position as an innovator and leader in the revenue-based financing industry.

About Luminar Media Group, Inc.

Headquartered in Miami, Florida, Luminar Media Group, Inc. (OTC: LRGR) is an emerging fintech company focused on expanding financial access for underserved communities, with a strategic emphasis on Latino and minority-owned businesses. Through its Fortun subsidiaries, Luminar delivers innovative revenue-based financing solutions that help entrepreneurs grow and strengthen the small business economy.

Forward-Looking Statements

This release contains forward-looking statements reflecting current expectations and strategies. Actual results may differ materially due to various risks and uncertainties. Investors are encouraged to review the Company’s SEC filings for additional information. Financial data in this release is preliminary, subject to independent review, and may be adjusted before final reporting.

Investor Contact

Robert Rico
Investor Relations
Phone: 305-283-9237
Email: Robert@Fortunco.com

www.fortunco.com

Follow us on X: @FortunCorp

 

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.