A-Mark Precious Metals Inc (OQ:AMRK)

Sector:  Basic Materials Industry:  Precious Metals & Minerals
 
See Regulatory Filings on SEC
Company Contact
Address: 2121 Rosecrans Avenue, Suite 6300
EL SEGUNDO CA 90245
Tel: 1-310-5871410
Website: https://www.amark.com
IR: See website
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Key People
Thor G. Gjerdrum
President
Gregory N. Roberts
Chief Executive Officer, Director
Kathleen Simpson Taylor
Chief Financial Officer, Executive Vice President, Controller, Assistant Secretary
Brian Aquilino
Chief Operating Officer
Carol Elizabeth Meltzer
Executive Vice President, General Counsel, Company Secretary, Director
Roy Friedman
Senior Vice President - Trading, Global Precious Metals
Business Overview
A-Mark Precious Metals, Inc. is a fully integrated precious metals platform. The Company offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers. The company conducts its operations through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment operates as a full-service precious metals company. The Company operates its Direct-to-Consumer segment through its wholly owned subsidiaries JM Bullion, Inc. (JMB) and Goldline, Inc. The Company operates its Secured Lending segment through its wholly owned subsidiary Collateral Finance Corporation, LLC (CFC). JM Bullion is an e-commerce retailer of precious metals and operates seven separately branded, Company-owned websites such as JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org, BGASC.com, CyberMetals.com, and BullionMax.com.
Financial Overview
For the six months ended 31 December 2023, A-Mark Precious Metals Inc revenues increased 19% to $4.56B. Net income decreased 59% to $32.6M. Revenues reflect Wholesale Trading & Ancillary Services segment increase of 30% to $3.87B, Europe segment increase of 73% to $1.94B, United States segment increase of 1% to $2.34B. Net income was offset by Interest expense increase of 50% to $20M (expense), Selling.
Employees: 429 as of Jun 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,689M as of Dec 31, 2023
Annual revenue (TTM): $10,000M as of Dec 31, 2023
EBITDA (TTM): $161.45M as of Dec 31, 2023
Net annual income (TTM): $110.35M as of Dec 31, 2023
Free cash flow (TTM): -$131.98M as of Dec 31, 2023
Net Debt Last Fiscal Year: $815.57M as of Dec 31, 2023
Shares outstanding: 22,854,540 as of Feb 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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