Financial Performance - A-Mark Precious Metals reported diluted earnings per share of $0.27 for Q2 FY 2025, with net income of $6.6 million and non-GAAP EBITDA of $16.2 million [1][2][10] - Revenues for the three months ended December 31, 2024, increased by 32% to $2.742 billion compared to $2.079 billion for the same period in 2023 [10][43] - Gross profit for the same period decreased by 3% to $44.8 million, resulting in a gross profit margin of 1.63% [10][44] - Net income attributable to the company decreased by 52% to $6.6 million from $13.8 million in the prior year [10][50] - Adjusted net income before provision for income taxes decreased by 38% to $13.4 million from $21.7 million in the same year-ago quarter [10][51] - EBITDA for the quarter decreased by 35% to $16.2 million from $25.1 million in the same year-ago quarter [10][52] Operational Highlights - Gold ounces sold increased by 4% to 466,000 ounces compared to 450,000 ounces for the same period in 2023, while silver ounces sold decreased by 18% to 21.8 million ounces [32][39] - The number of secured loans at period end decreased by 28% to 518 from 715 as of December 31, 2023 [39][33] - Direct-to-Consumer new customers increased by 25% to 65,400 from 52,500 in the same year-ago quarter [39][32] - Direct-to-Consumer average order value increased by 43% to $3,178 from $2,218 in the same year-ago quarter [39][32] Strategic Developments - A-Mark is nearing the completion of the A-Mark Global Logistics facility expansion and is executing plans to enhance its presence in Asia and Singapore [3][4] - The company has entered into a definitive agreement to acquire Spectrum Group International, which will expand its presence in the premium collectible markets [4][5] - A-Mark amended its Trading Credit Facility to increase its revolving commitment to $457 million from $422.5 million [5] Shareholder Returns - The company reaffirmed its regular quarterly cash dividend policy of $0.20 per share, with the latest dividend paid on January 28, 2025 [1][63] - A-Mark repurchased 169,512 common shares for $5.1 million during the quarter [1][5] Market Position - A-Mark operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending, serving a diverse global customer base [67][68] - The Direct-to-Consumer segment contributed 21% of consolidated revenue in Q2 FY 2025, up from 18% in the same quarter of the previous year [43] - The company is a U.S. Mint-authorized purchaser and has longstanding distributorships with various sovereign mints [68]

EL SEGUNDO, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ:AMRK) (A-Mark or the Company), a leading fully integrated precious metals platform, has entered into a definitive agreement to acquire 100% of the stock of Spectrum Group International, Inc. (SGI), the parent of Stack's Bowers Galleries (SBG), one of the world's largest rare coin and currency auction houses and a leading wholesale and retail dealer specializing in numismatic and bullion products, and the majority owne ...

EL SEGUNDO, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark or the Company), a leading fully integrated precious metals platform, has entered into a definitive agreement to acquire 100% of the stock of Spectrum Group International, Inc. (SGI), the parent of Stack’s Bowers Galleries (SBG), one of the world’s largest rare coin and currency auction houses and a leading wholesale and retail dealer specializing in numismatic and bullion products, and the majority own ...

EL SEGUNDO, Calif., Jan. 21, 2025 (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, February 6, 2025, at 4:30 p.m. Eastern time to discuss results for the fiscal second quarter ended December 31, 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. The revised earnings call date re ...

EL SEGUNDO, Calif., Jan. 17, 2025 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, will hold a conference call on Friday, February 7, 2025 at 4:30 p.m. Eastern time to discuss results for the fiscal second quarter ended December 31, 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 acce ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-36347 A-MARK PRECIOUS METALS, INC. (Exact name of registrant as specified in its charter) Delaware (State of Incorpo ...

Exhibit 99.1 A-Mark Precious Metals Reports Fiscal First Quarter 2025 Results Diluted Earnings per Share of $0.37 Company Reaffirms Regular Quarterly Cash Dividend of $0.20 per share $422.5MM Credit Facility Extended to September 2026 El Segundo, CA – November 6, 2024 – A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, reported results for the fiscal first quarter ended September 30, 2024. Management Commentary "Our first quarter results reflect the continued ...

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 ...