_id
694bf470c2e91020a7bbc944
Ticker
FCHL
Name
Fitness Champs Holdings Limited Common Stock
Exchange
NASDAQ
Address
7030 Ang Mo Kio, Singapore, Singapore, 569880
Country
USA
Sector
Consumer Defensive
Industry
Education & Training Services
Currency
USD
Website
https://www.fitnesschamps.sg
Description
Fitness Champs Holdings Limited, through its subsidiaries, provides sports education for private sector and public schools in Singapore. It operates through two segments: Swim Fees and Sales of Merchandise. The company offers general swimming lessons to children, youths, and adults, as well as ladies-only swimming lessons under the Fitness Champs brand name; and aquatic sports classes, such as water polo and lifesaving. It also provides merchandise and apparel, such as swimming goggles, swim caps, and swimsuits, as well as flotation devices. The company was founded in 2012 and is based in Singapore. Fitness Champs Holdings Limited operates as a subsidiary of Big Treasure Investments Limited.
Last Close
0.258
Volume
157326
Current Price
0.27165
Change
0.0203
Last Updated
2026-01-03T11:29:49.931Z
Ipo Date
2025-09-04T00:00:00.000Z
Market Cap
4277200
Next Dividend Date
-
Dividend Frequency
-
Dividend Rate
-
Dividend Yield
0
Sentiment
0.9645
Sentiment Sources
2
Current Quarter
2025-03-31
Revenue
1500786
Cost Of Revenue
971363
Gross Profit
529423
Operating Expenses
627464
Operating Income
-98041
Interest Expense
9049
Pretax Income
-9049
Net Income
-8295
Eps
-0.000553
Dividends Per Share
3547
Shares Outstanding
17000000
Income Tax Expense
-754
EBITDA
33182
Operating Margin
-6.532643561440472
Total Other Income Expense Net
88991
Cash
314000
Short Term Investments
-
Receivables
53000
Inventories
-
Total Current Assets
1685000
Property Plant Equipment
621000
Total Assets
2364000
Payables
79000
Short Term Debt
1228000
Long Term Debt
-
Total Liabilities
2349000
Equity
15000
Bs_currency_symbol
-
Depreciation
33183
Change In Working Capital
28896
Cash From Operations
56384
Capital Expenditures
3354
Cash From Investing
-29968
Cash From Financing
-125875
Net Change In Cash
-94492
Cf_currency_symbol
-
PE
-
PB
271.65
ROE
-55.300000000000004
ROA
-0.35088832487309646
FCF
53030
Fcf Percent
0.035334817888759626
Piotroski FScore
2
Health Score
11
Deep Value Investing Score
3.5
Defensive Investing Score
4.5
Dividend Investing Score
3
Economic Moat Investing Score
3.8
Garp Investing Score
2.5
Growth Investing Score
3
Momentum Investing Score
6.5
Net Net Investing Score
2.5
Quality Investing Score
3
Value Investing Score
2
Quarters > 0 > quarter
2025-03-31
Quarters > 0 > income Statement > revenue
1500786
Quarters > 0 > income Statement > cost Of Revenue
971363
Quarters > 0 > income Statement > gross Profit
529423
Quarters > 0 > income Statement > operating Expenses
627464
Quarters > 0 > income Statement > operating Income
-98041
Quarters > 0 > income Statement > interest Expense
9049
Quarters > 0 > income Statement > pretax Income
-9049
Quarters > 0 > income Statement > net Income
-8295
Quarters > 0 > income Statement > eps
-0.000553
Quarters > 0 > income Statement > dividends Per Share
3547
Quarters > 0 > income Statement > shares Outstanding
15000000
Quarters > 0 > income Statement > income Tax Expense
-754
Quarters > 0 > income Statement > EBITDA
33182
Quarters > 0 > income Statement > operating Margin
-6.532643561440472
Quarters > 0 > income Statement > total Other Income Expense Net
88991
Quarters > 0 > income Statement > currency_symbol
-
Quarters > 0 > balance Sheet > cash
314000
Quarters > 0 > balance Sheet > short Term Investments
-
Quarters > 0 > balance Sheet > receivables
53000
Quarters > 0 > balance Sheet > inventories
-
Quarters > 0 > balance Sheet > total Current Assets
1685000
Quarters > 0 > balance Sheet > property Plant Equipment
621000
Quarters > 0 > balance Sheet > total Assets
2364000
Quarters > 0 > balance Sheet > payables
79000
Quarters > 0 > balance Sheet > short Term Debt
1228000
Quarters > 0 > balance Sheet > long Term Debt
-
Quarters > 0 > balance Sheet > total Liabilities
2349000
Quarters > 0 > balance Sheet > equity
15000
Quarters > 0 > balance Sheet > currency_symbol
-
Quarters > 0 > cash Flow > net Income
-8295
Quarters > 0 > cash Flow > depreciation
33183
Quarters > 0 > cash Flow > change In Working Capital
28896
Quarters > 0 > cash Flow > cash From Operations
56384
Quarters > 0 > cash Flow > capital Expenditures
3354
Quarters > 0 > cash Flow > cash From Investing
-29968
Quarters > 0 > cash Flow > cash From Financing
-125875
Quarters > 0 > cash Flow > net Change In Cash
-94492
Quarters > 0 > cash Flow > currency_symbol
-
Quarters > 0 > ratios > PE
-0.000553
Quarters > 0 > ratios > PB
271.65
Quarters > 0 > ratios > ROE
-55.300000000000004
Quarters > 0 > ratios > ROA
-0.35088832487309646
Quarters > 0 > ratios > FCF
53030
Quarters > 0 > ratios > Piotroski FScore
2
Quarters > 0 > ratios > fcf Percent
0.035334817888759626
Quarters > 0 > health Score
11
Quarters > 1 > quarter
2024-06-30
Quarters > 1 > income Statement > revenue
1652447
Quarters > 1 > income Statement > cost Of Revenue
1106085
Quarters > 1 > income Statement > gross Profit
546361
Quarters > 1 > income Statement > operating Expenses
411998
Quarters > 1 > income Statement > operating Income
134363
Quarters > 1 > income Statement > interest Expense
13362
Quarters > 1 > income Statement > pretax Income
135848
Quarters > 1 > income Statement > net Income
135848
Quarters > 1 > income Statement > eps
0.00823321212121212
Quarters > 1 > income Statement > dividends Per Share
222701
Quarters > 1 > income Statement > shares Outstanding
16500000
Quarters > 1 > income Statement > income Tax Expense
-
Quarters > 1 > income Statement > EBITDA
178903
Quarters > 1 > income Statement > operating Margin
8.131153374359359
Quarters > 1 > income Statement > total Other Income Expense Net
1484
Quarters > 1 > income Statement > currency_symbol
-
Quarters > 1 > balance Sheet > cash
440000
Quarters > 1 > balance Sheet > short Term Investments
-
Quarters > 1 > balance Sheet > receivables
130000
Quarters > 1 > balance Sheet > inventories
-
Quarters > 1 > balance Sheet > total Current Assets
1160000
Quarters > 1 > balance Sheet > property Plant Equipment
659000
Quarters > 1 > balance Sheet > total Assets
1842000
Quarters > 1 > balance Sheet > payables
97000
Quarters > 1 > balance Sheet > short Term Debt
668000
Quarters > 1 > balance Sheet > long Term Debt
403000
Quarters > 1 > balance Sheet > total Liabilities
1816000
Quarters > 1 > balance Sheet > equity
26000
Quarters > 1 > balance Sheet > currency_symbol
SGD
Quarters > 1 > cash Flow > net Income
135848
Quarters > 1 > cash Flow > depreciation
29693
Quarters > 1 > cash Flow > change In Working Capital
-174449
Quarters > 1 > cash Flow > cash From Operations
-11135
Quarters > 1 > cash Flow > capital Expenditures
21524
Quarters > 1 > cash Flow > cash From Investing
-34889
Quarters > 1 > cash Flow > cash From Financing
-232352
Quarters > 1 > cash Flow > net Change In Cash
-293182
Quarters > 1 > cash Flow > currency_symbol
-
Quarters > 1 > ratios > PE
0.00823321212121212
Quarters > 1 > ratios > PB
172.39326923076922
Quarters > 1 > ratios > ROE
522.4923076923077
Quarters > 1 > ratios > ROA
7.375027144408251
Quarters > 1 > ratios > FCF
-32659
Quarters > 1 > ratios > Piotroski FScore
2
Quarters > 1 > ratios > fcf Percent
-0.0197640226887761
Quarters > 1 > health Score
46
Quarters > 2 > quarter
2023-12-31
Quarters > 2 > income Statement > revenue
1641590
Quarters > 2 > income Statement > cost Of Revenue
980065
Quarters > 2 > income Statement > gross Profit
661525
Quarters > 2 > income Statement > operating Expenses
251127
Quarters > 2 > income Statement > operating Income
410397
Quarters > 2 > income Statement > interest Expense
18519
Quarters > 2 > income Statement > pretax Income
400767
Quarters > 2 > income Statement > net Income
314094
Quarters > 2 > income Statement > eps
0.019036
Quarters > 2 > income Statement > dividends Per Share
-
Quarters > 2 > income Statement > shares Outstanding
16500000
Quarters > 2 > income Statement > income Tax Expense
86672
Quarters > 2 > income Statement > EBITDA
433362
Quarters > 2 > income Statement > operating Margin
24.99996954172479
Quarters > 2 > income Statement > total Other Income Expense Net
-9630
Quarters > 2 > income Statement > currency_symbol
-
Quarters > 2 > balance Sheet > cash
815000
Quarters > 2 > balance Sheet > short Term Investments
-
Quarters > 2 > balance Sheet > receivables
1000
Quarters > 2 > balance Sheet > inventories
-
Quarters > 2 > balance Sheet > total Current Assets
948000
Quarters > 2 > balance Sheet > property Plant Equipment
671000
Quarters > 2 > balance Sheet > total Assets
1619000
Quarters > 2 > balance Sheet > payables
67000
Quarters > 2 > balance Sheet > short Term Debt
-
Quarters > 2 > balance Sheet > long Term Debt
460000
Quarters > 2 > balance Sheet > total Liabilities
1476000
Quarters > 2 > balance Sheet > equity
143000
Quarters > 2 > balance Sheet > currency_symbol
SGD
Quarters > 2 > cash Flow > net Income
314094
Quarters > 2 > cash Flow > depreciation
14075
Quarters > 2 > cash Flow > change In Working Capital
94072
Quarters > 2 > cash Flow > cash From Operations
414709
Quarters > 2 > cash Flow > capital Expenditures
2139
Quarters > 2 > cash Flow > cash From Investing
83.71
Quarters > 2 > cash Flow > cash From Financing
-281688
Quarters > 2 > cash Flow > net Change In Cash
617845
Quarters > 2 > cash Flow > currency_symbol
-
Quarters > 2 > ratios > PE
0.019036
Quarters > 2 > ratios > PB
31.34423076923077
Quarters > 2 > ratios > ROE
219.64615384615382
Quarters > 2 > ratios > ROA
19.400494132180356
Quarters > 2 > ratios > FCF
412570
Quarters > 2 > ratios > Piotroski FScore
4
Quarters > 2 > ratios > fcf Percent
0.251323412057822
Quarters > 2 > health Score
68
Annuals > 0 > quarter
2024-12-31
Annuals > 0 > income Statement > revenue
4216000
Annuals > 0 > income Statement > cost Of Revenue
2694000
Annuals > 0 > income Statement > gross Profit
1522000
Annuals > 0 > income Statement > operating Expenses
1476000
Annuals > 0 > income Statement > operating Income
46000
Annuals > 0 > income Statement > interest Expense
25000
Annuals > 0 > income Statement > pretax Income
171000
Annuals > 0 > income Statement > net Income
172000
Annuals > 0 > income Statement > eps
0.01011764705882353
Annuals > 0 > income Statement > dividends Per Share
300000
Annuals > 0 > income Statement > shares Outstanding
17000000
Annuals > 0 > income Statement > income Tax Expense
-1000
Annuals > 0 > income Statement > EBITDA
280000
Annuals > 0 > income Statement > operating Margin
1.0910815939278937
Annuals > 0 > income Statement > total Other Income Expense Net
125000
Annuals > 0 > income Statement > currency_symbol
SGD
Annuals > 0 > balance Sheet > cash
314000
Annuals > 0 > balance Sheet > short Term Investments
-
Annuals > 0 > balance Sheet > receivables
53000
Annuals > 0 > balance Sheet > inventories
-
Annuals > 0 > balance Sheet > total Current Assets
1685000
Annuals > 0 > balance Sheet > property Plant Equipment
621000
Annuals > 0 > balance Sheet > total Assets
2364000
Annuals > 0 > balance Sheet > payables
79000
Annuals > 0 > balance Sheet > short Term Debt
1228000
Annuals > 0 > balance Sheet > long Term Debt
398000
Annuals > 0 > balance Sheet > total Liabilities
2349000
Annuals > 0 > balance Sheet > equity
15000
Annuals > 0 > balance Sheet > currency_symbol
SGD
Annuals > 0 > cash Flow > net Income
172000
Annuals > 0 > cash Flow > depreciation
84000
Annuals > 0 > cash Flow > change In Working Capital
-193000
Annuals > 0 > cash Flow > cash From Operations
82000
Annuals > 0 > cash Flow > capital Expenditures
92000
Annuals > 0 > cash Flow > cash From Investing
-86000
Annuals > 0 > cash Flow > cash From Financing
-497000
Annuals > 0 > cash Flow > net Change In Cash
-501000
Annuals > 0 > cash Flow > currency_symbol
SGD
Annuals > 0 > ratios > PE
0.01011764705882353
Annuals > 0 > ratios > PB
285.14666666666665
Annuals > 0 > ratios > ROE
1146.6666666666667
Annuals > 0 > ratios > ROA
7.2758037225042305
Annuals > 0 > ratios > FCF
-10000
Annuals > 0 > ratios > Piotroski FScore
4
Annuals > 0 > ratios > fcf Percent
-0.0023719165085388993
Annuals > 0 > health Score
48
Annuals > 1 > quarter
2023-12-31
Annuals > 1 > income Statement > revenue
4650000
Annuals > 1 > income Statement > cost Of Revenue
2660000
Annuals > 1 > income Statement > gross Profit
1990000
Annuals > 1 > income Statement > operating Expenses
784000
Annuals > 1 > income Statement > operating Income
1206000
Annuals > 1 > income Statement > interest Expense
22000
Annuals > 1 > income Statement > pretax Income
1235000
Annuals > 1 > income Statement > net Income
1118000
Annuals > 1 > income Statement > eps
0.06576470588235295
Annuals > 1 > income Statement > dividends Per Share
0
Annuals > 1 > income Statement > shares Outstanding
17000000
Annuals > 1 > income Statement > income Tax Expense
117000
Annuals > 1 > income Statement > EBITDA
1288000
Annuals > 1 > income Statement > operating Margin
25.93548387096774
Annuals > 1 > income Statement > total Other Income Expense Net
29000
Annuals > 1 > income Statement > currency_symbol
SGD
Annuals > 1 > balance Sheet > cash
815000
Annuals > 1 > balance Sheet > short Term Investments
-
Annuals > 1 > balance Sheet > receivables
2000
Annuals > 1 > balance Sheet > inventories
-
Annuals > 1 > balance Sheet > total Current Assets
948000
Annuals > 1 > balance Sheet > property Plant Equipment
671000
Annuals > 1 > balance Sheet > total Assets
1619000
Annuals > 1 > balance Sheet > payables
67000
Annuals > 1 > balance Sheet > short Term Debt
150000
Annuals > 1 > balance Sheet > long Term Debt
460000
Annuals > 1 > balance Sheet > total Liabilities
1476000
Annuals > 1 > balance Sheet > equity
143000
Annuals > 1 > balance Sheet > currency_symbol
SGD
Annuals > 1 > cash Flow > net Income
1118000
Annuals > 1 > cash Flow > depreciation
31000
Annuals > 1 > cash Flow > change In Working Capital
128000
Annuals > 1 > cash Flow > cash From Operations
1296000
Annuals > 1 > cash Flow > capital Expenditures
611000
Annuals > 1 > cash Flow > cash From Investing
-608000
Annuals > 1 > cash Flow > cash From Financing
-377000
Annuals > 1 > cash Flow > net Change In Cash
311000
Annuals > 1 > cash Flow > currency_symbol
SGD
Annuals > 1 > ratios > PE
0.06576470588235295
Annuals > 1 > ratios > PB
29.91048951048951
Annuals > 1 > ratios > ROE
781.8181818181819
Annuals > 1 > ratios > ROA
69.05497220506486
Annuals > 1 > ratios > FCF
685000
Annuals > 1 > ratios > Piotroski FScore
4
Annuals > 1 > ratios > fcf Percent
0.14731182795698924
Annuals > 1 > health Score
63
Annuals > 2 > quarter
2022-12-31
Annuals > 2 > income Statement > revenue
2764000
Annuals > 2 > income Statement > cost Of Revenue
1570000
Annuals > 2 > income Statement > gross Profit
1194000
Annuals > 2 > income Statement > operating Expenses
440000
Annuals > 2 > income Statement > operating Income
754000
Annuals > 2 > income Statement > interest Expense
17000
Annuals > 2 > income Statement > pretax Income
799000
Annuals > 2 > income Statement > net Income
663000
Annuals > 2 > income Statement > eps
0.039
Annuals > 2 > income Statement > dividends Per Share
0
Annuals > 2 > income Statement > shares Outstanding
17000000
Annuals > 2 > income Statement > income Tax Expense
136000
Annuals > 2 > income Statement > EBITDA
833000
Annuals > 2 > income Statement > operating Margin
27.27930535455861
Annuals > 2 > income Statement > total Other Income Expense Net
45000
Annuals > 2 > income Statement > currency_symbol
SGD
Annuals > 2 > balance Sheet > cash
504000
Annuals > 2 > balance Sheet > short Term Investments
-
Annuals > 2 > balance Sheet > receivables
565000
Annuals > 2 > balance Sheet > inventories
-
Annuals > 2 > balance Sheet > total Current Assets
1075000
Annuals > 2 > balance Sheet > property Plant Equipment
18000
Annuals > 2 > balance Sheet > total Assets
1093000
Annuals > 2 > balance Sheet > payables
0
Annuals > 2 > balance Sheet > short Term Debt
101000
Annuals > 2 > balance Sheet > long Term Debt
157000
Annuals > 2 > balance Sheet > total Liabilities
832000
Annuals > 2 > balance Sheet > equity
261000
Annuals > 2 > balance Sheet > currency_symbol
SGD
Annuals > 2 > cash Flow > net Income
663000
Annuals > 2 > cash Flow > depreciation
17000
Annuals > 2 > cash Flow > change In Working Capital
567000
Annuals > 2 > cash Flow > cash From Operations
1237000
Annuals > 2 > cash Flow > capital Expenditures
19000
Annuals > 2 > cash Flow > cash From Investing
396000
Annuals > 2 > cash Flow > cash From Financing
-1379000
Annuals > 2 > cash Flow > net Change In Cash
254000
Annuals > 2 > cash Flow > currency_symbol
SGD
Annuals > 2 > ratios > PE
0.039
Annuals > 2 > ratios > PB
16.38773946360153
Annuals > 2 > ratios > ROE
254.02298850574715
Annuals > 2 > ratios > ROA
60.658737419945105
Annuals > 2 > ratios > FCF
1218000
Annuals > 2 > ratios > Piotroski FScore
3
Annuals > 2 > ratios > fcf Percent
0.4406657018813314
Annuals > 2 > health Score
67
Valuation > metrics > PE
-0.000553
Valuation > metrics > PB
271.65
Valuation > final Score
20
Valuation > verdict
8955.0% Overvalued
Profitability > metrics > ROE
-55.300000000000004
Profitability > metrics > ROA
-0.49228486646884273
Profitability > metrics > Net Margin
-0.005527103797610052
Profitability > final Score
0
Profitability > verdict
Weak
Risk > metrics > Debt Equity
156.6
Risk > metrics > Interest Coverage
-10.834456846060338
Risk > final Score
-37
Risk > verdict
High
Liquidity > metrics > Current Ratio
1.289211935730681
Liquidity > metrics > Quick Ratio
1.289211935730681
Liquidity > final Score
82
Liquidity > verdict
Great
Prev Valuations > 0
40
Prev Valuations > 1
40
Prev Valuations > 2
0
Prev Profitabilities > 0
82
Prev Profitabilities > 1
99
Prev Profitabilities > 2
0
Prev Risks > 0
46
Prev Risks > 1
46
Prev Risks > 2
0
Prev Liquidities > 0
88
Prev Liquidities > 1
100
Prev Liquidities > 2
0
Updated At
2026-01-20T23:12:33.556Z
Earnings History > 0 > period
2025-03-31
Earnings History > 0 > report Date
2025-05-14
Earnings History > 0 > date
2025-03-31
Earnings History > 0 > before After Market
-
Earnings History > 0 > currency
-
Earnings History > 0 > eps Actual
0
Earnings History > 0 > eps Estimate
0
Earnings History > 0 > eps Difference
0
Earnings History > 0 > surprise Percent
-
Earnings History > 1 > period
2024-09-30
Earnings History > 1 > report Date
2024-10-03
Earnings History > 1 > date
2024-09-30
Earnings History > 1 > before After Market
-
Earnings History > 1 > currency
-
Earnings History > 1 > eps Actual
0
Earnings History > 1 > eps Estimate
0
Earnings History > 1 > eps Difference
0
Earnings History > 1 > surprise Percent
-
Fitness Champs Holdings Limited, through its subsidiaries, provides sports education for private sector and public schools in Singapore. It operates through two segments: Swim Fees and Sales of Merchandise. The company offers general swimming lessons to children, youths, and adults, as well as ladies-only swimming lessons under the Fitness Champs brand name; and aquatic sports classes, such as water polo and lifesaving. It also provides merchandise and apparel, such as swimming goggles, swim caps, and swimsuits, as well as flotation devices. The company was founded in 2012 and is based in Singapore. Fitness Champs Holdings Limited operates as a subsidiary of Big Treasure Investments Limited.
Stock Price
$0.00
increase compared to yesterday.
Dividend
Frequency:
Rate:
N/ANext Payout:
N/AFitness Champs Holdings Sets January 23, 2026 Extraordinary General Meeting TipRanks
Read more →Fitness Champs (Nasdaq: FCHL) has 180 days to meet $1 bid; shares continue trading - Stock Titan
11/10/2025
Fitness Champs (Nasdaq: FCHL) has 180 days to meet $1 bid; shares continue trading Stock Titan
Read more →Showing 2 of 10
(Last Updated 2025-03-31)
Health Score
Price to Book Ratio (P/B)
-
Very High
Low ≤ 1
High ≥ 3
Return on Equity (ROE)
-
Very Low
Low ≤ 5%
High ≥ 25%
Return on Assets (ROA)
-
Very Low
Low ≤ 2%
High ≥ 10%
Free Cash Flow - Revenue % (FCF)
-
Very Low
Low ≤ 5%
High ≥ 15%
Debt to Equity
-
Very Low
Low ≥ 1
High ≤ 0.3
* Institutions hold a combined 0.00% of the total shares of Fitness Champs Holdings Limited Common Stock
* Investors data is estimated based on stocks listed on Finnton that are currently held by Institution/Fund.
Date
—
EPS Estimate
—
Date
2025-03-31
EPS Actual
0
EPS Estimate
0
EPS Difference
0
Surprise Percent
0%
(Last Updated 2025-03-31)
(Last Updated 2025-03-31)
Revenue
$ 0
Cost Of Revenue
$ 0
Gross Profit
$ 0
Operating Expenses
$ 0
Operating Income
$ 0
Interest Expense
$ 0
Pretax Income
$ 0
Net Income
$ 0
Income Tax Expense
$ 0
EBITDA
$ 0
Total Other Income Expense Net
$ 0
Earnings Per Share
0
Dividends Per Share
0
Shares Outstanding
0
Operating Margin
0%
(Last Updated 2025-03-31)
Cash
$ 0
Short Term Investments
$ 0
Receivables
$ 0
Inventories
$ 0
Total Current Assets
$ 0
Property Plant Equipment
$ 0
Total Assets
$ 0
Payables
$ 0
Short Term Debt
$ 0
Long Term Debt
$ 0
Total Liabilities
$ 0
Equity
$ 0
(Last Updated 2025-03-31)
Net Income
$ 0
Depreciation
$ 0
Change In Working Capital
$ 0
Cash From Operations
$ 0
Capital Expenditures
$ 0
Cash From Investing
$ 0
Cash From Financing
$ 0
Net Change In Cash
$ 0
Disclaimer: Finnton is a stock screener tool provided for informational and educational purposes only. The data, analysis, and insights offered on this website do not constitute financial, investment, tax, or legal advice. Users are solely responsible for their own investment decisions, and Finnton makes no guarantees regarding the accuracy, completeness, or reliability of the information provided. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.