LionStreet ANNUALREPORT-020419-webpages - Page 6



3
LION STREET
FINANCIAL RES ULT S
2018 was yet another record-breaking year for Lion Street, with results exceeding expectations. Your
Company exceeded its budget across all key financial metrics — life premium, revenue, EBITDA and
net income. Lion Street in 2018 exceeded $54 million in gross revenue. Furthermore, we outpaced our
five-year plan instituted this fiscal year, and our growth rates remain well above industry averages.
Your Company maintains a healthy cash position entering into 2019 and has no debt outstanding.
As we move into 2019, management continues to be focused on driving value for its stockholders. Your
investment as Owners in Lion Street has grown significantly over the last five years with the value of
the common stock growing from $0.30 to $1.73. We will be obtaining a new valuation of the Company
within the next 90 days, and given the outstanding 2018 financial results, management expects another
significant uptick in the value of the common stock.
Our rise in profitability will allow management to continue
to expand Lion Street resources and services provided to our
Owners. Your Company continues to reinvest in outstanding
meetings, people, processes and best-of-breed technology, so your
experience with Lion Street is best-in-class.
Key financial highlights from 2018 include:
• Premium was at an all-time high, exceeding $100 million
•Revenue of more than $54 million on a consolidated basis
• Net income grew over 40% from 2017 to 2018
•The Company year-over-year growth in revenue
exceeded 35%
•The percentage of revenue growth continued to outpace
the increase in operating expenses
In the last five years, your Company has achieved the
following:
JIM CAHILL
CFO
CO M M O N S TO CK P R I CE HI ST OR Y



































• Life Premium has tripled
• Revenue increased sixfold
• Your Company is a stable and profitable entity with a proven track record
• Grown to more than 70 employees to support this growth for 185 Owner Firms
• Established a best-in-class broker-dealer and RIA platform to support our Owners
In 2019, we will continue to execute on our five-year plan while maintaining financial discipline and our unique
producer-owned culture.
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