A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Q1 2025 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Gregory Roberts - Chief Executive Officer Kathleen Simpson-Taylor - Chief Financial Officer Thor Gjerdrum - President Conference Call Participants Thomas Forte - Maxim Group LLC Michael Baker - D.A. Davidson & Co. Fedor Shabalin - B. Riley Financial, Inc. Greg Gibas - Northland Securities, Inc. Operator Good afternoon, and welcome to the A-Mark Precious Metals Conference call for the ...

A-Mark Precious Metals (AMRK) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -37.76%. A quarter ago, it was expected that this precious metals trading company would post earnings of $1.44 per share when it actually produced earnings of $0.85, delivering a surprise of -40.97%.Over the ...

EL SEGUNDO, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, will hold a conference call on Wednesday, November 6, 2024 at 4:30 p.m. Eastern time to discuss results for the fiscal first quarter ended September 30, 2024. Financial results will be issued in a press release prior to the call. A-Mark management will host the presentation, followed by a question-and-answer period. A-Mark’s conference call can be a ...

EL SEGUNDO, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (Nasdaq: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its wholly owned subsidiary Silver Towne Mint, operated through AM&ST Associates, LLC, has acquired substantially all of the assets of Regency Mint Manufacturing, LLC (Regency Mint), for $2 million. Regency Mint, a 25-year old family-owned and operated business located in Orem, Utah, is an ISO 9001:2015 certified mint that sells ...

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Financial Dependence and Liquidity - The Trading Credit Facility has a total current revolving commitment of up to $422.5 million, with a termination date of September 20, 2025, providing liquidity for buying and selling billions of dollars of precious metals annually [41]. - The company is heavily dependent on its credit facility, and failure to renew or replace it could limit business operations and growth [41]. - The company’s liquidity constraints may limit its ability to grow and implement expansion strategies, including acquisitions [45]. Operational Risks - The company’s operations are subject to fluctuations in commodity prices, which can significantly affect results from period to period [38]. - The company has multiple sources for obtaining bullion products, but supply chain disruptions could adversely impact operations and sales [46]. - The company relies on computer systems for executing trades and conducting e-commerce, and interruptions could significantly impact operations [48]. - The company holds significant quantities of precious metals, which are subject to risks of loss, damage, or theft [58]. - The company’s AMST subsidiary is dependent on critical equipment, which may face interruptions due to maintenance or unforeseen events [56]. Market Competition - The company’s direct-to-consumer segment faces intense competition from other online retailers and traditional coin stores [38]. - The precious metals market is highly competitive, with the company competing against firms with greater resources and name recognition [55]. - The Direct-to-Consumer segment operates in a highly competitive environment with significant competition from specialty online precious metal sites and traditional retail brokers [61]. - JMB's search engine optimization strategies have provided a competitive advantage, but ongoing challenges in SEO may impact customer traffic and market share [61]. Regulatory and Compliance Challenges - Recent California legislation requires the company to disclose climate-related financial risks, which may entail significant time and expense [74]. - The company is subject to SB 253, requiring reporting of Scope 1 and Scope 2 greenhouse gas emissions starting in 2026, and Scope 3 emissions beginning in 2027 [75]. - Non-compliance with SB 261 could result in fines of up to $50,000 per reporting year, with public disclosure of climate-related financial risks mandated starting January 1, 2026 [75]. - The SEC's final rules require the company to disclose Scope 1 and Scope 2 greenhouse gas emissions, but not Scope 3 emissions, and to obtain independent attestation reports [76]. - The company may be subject to the European Corporate Sustainability Reporting Directive (CSRD) due to its operations in Europe, which became effective in 2023 [77]. - Compliance with evolving data protection laws, including the GDPR, may increase costs and expose the company to penalties of up to 4% of worldwide turnover or €20 million [80]. - The California Consumer Privacy Act (CCPA) allows civil penalties of up to $7,500 per violation, with compliance measures required to protect consumer data [81]. - New privacy laws in states like Colorado, Virginia, and Utah may impose additional costs and legal fees as they take effect between 2023 and 2026 [81]. - The company is required to comply with various federal and state laws, including the Foreign Corrupt Practices Act and anti-money laundering regulations [83]. Strategic Initiatives and Growth - The recent acquisition of LPM, a precious metals business in Hong Kong, reflects the company's strategy to expand its presence in Asia [53]. - The company has experienced significant revenue growth during periods of financial market volatility, but profits have retreated from all-time highs, indicating a return to cyclical fluctuations [50][52]. - The company derives a significant portion of its revenues from international operations, which are subject to various political and economic risks [53]. Customer and Sales Dynamics - A concentrated customer base in the Wholesale Sales & Ancillary Services segment poses a risk; losing significant customers could adversely affect the business [57]. - The Direct-to-Consumer Purchase Program allows customers to sell precious coins and bullion back, but there is no assurance that the company can resell these products at a profit, especially in a declining market [63]. - The Direct-to-Consumer segment may face scrutiny over sales practices, particularly concerning Goldline, which has a history of accusations related to improper sales [60]. Financial Performance and Risks - The Company has adopted a quarterly cash dividend policy of $0.20 per common share, amounting to $0.80 annually, with the most recent dividend paid on July 31, 2024 [87]. - Approximately 22% of the outstanding common stock is beneficially owned by the board and management, allowing them to exert substantial influence over shareholder votes [90]. - The Company is exposed to market risk related to fluctuations in commodity prices, particularly in precious metals, and employs hedging strategies to mitigate this risk [223]. - The Company’s profitability is heavily influenced by volatility in commodities prices, with potential adverse effects on trading activity and spreads if prices stagnate [68]. Technology and Cybersecurity - The ability to adapt to technological changes is crucial for maintaining competitiveness in the Direct-to-Consumer segment [62]. - Recent changes in cybersecurity disclosure requirements may increase costs and necessitate reporting of cybersecurity incidents that may not have been deemed material previously [91]. Legal and Intellectual Property Issues - The Company’s intellectual property protection may be insufficient, exposing it to risks from potential infringement claims by third parties [92]. - The Company’s advertising and marketing materials are subject to regulatory scrutiny, which could limit its ability to effectively promote its business [86]. - The Company may face additional costs and risks related to third-party expectations regarding ESG factors, which could impact its reputation and operational results [96]. Interest Rate and Foreign Exchange Risks - The company is exposed to interest rate risk primarily through product financing arrangements and Trading Credit Facility [225]. - The company does not utilize derivative contracts to hedge against interest rate fluctuations [225]. - The company manages interest rate risks by increasing secured loan interest rates and finance product pricing in response to rising interest rates [225]. - The weighted-average effective interest rates on the company's products increased during the year, but only partially mitigated the effects of higher interest rates [225]. - The company does not believe its exposure to foreign exchange risk is material due to recent acquisitions being denominated in U.S. dollars [224]. - The company utilizes foreign currency forward contracts with maturities of generally less than one week to manage foreign currency exchange fluctuations [224].

Exhibit 99.1 A-Mark Precious Metals Reports Preliminary Fiscal Fourth Quarter and Preliminary Full Year 2024 Results $9.7 Billion of Revenues for Full Year 2024 Preliminary Full Year 2024 Diluted Earnings per Share of $2.75 ($2.15 Excluding $14.4 Million Estimated Preliminary Remeasurement Gain) Company Reaffirms Regular Quarterly Cash Dividend of $0.20 per share Credit Facility Amended Increasing Revolving Commitment to $422.5 Million El Segundo, CA – August 29, 2024 – A-Mark Precious Metals, Inc. (NASDAQ: ...

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Q4 2024 Earnings Conference Call August 29, 2024 4:30 PM ET Company Participants Greg Roberts - Chief Executive Officer Thor Gjerdrum - President Kathleen Simpson Taylor - Chief Financial Officer Conference Call Participants Thomas Forte - Maxim Group Andrew Scutt - ROTH Capital Partners Greg Gibas - Northland Securities Sy Jacobs - Jacobs Asset Management Operator Good afternoon. And welcome to A-Mark Precious Metals Conference Call for the Fiscal Fourth Quarter a ...

$9.7 Billion of Revenues for Full Year 2024 Preliminary Full Year 2024 Diluted Earnings per Share of $2.75 ($2.15 Excluding $14.4 Million Estimated Preliminary Remeasurement Gain) Company Reaffirms Regular Quarterly Cash Dividend of $0.20 per share Credit Facility Amended Increasing Revolving Commitment to $422.5 Million EL SEGUNDO, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, reported preliminary results for the ...

EL SEGUNDO, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, will hold a conference call on Thursday, August 29, 2024 at 4:30 p.m. Eastern time to discuss results for the fiscal fourth quarter and full year ended June 30, 2024. Financial results will be issued in a press release prior to the call. A-Mark management will host the presentation, followed by a question-and-answer period. A-Mark’s conference call ...