A-Mark Precious Metals reports Q3 EPS 21c, consensus 69c

Reports Q3 revenue $2.61B, consensus $2.03B. “Our third quarter results reflect the continued ability of our fully-integrated platform to deliver profitable results even in a difficult market environment,” said A-Mark CEO Greg Roberts. “During the quarter, we faced a combination of softened demand, premium compression, and elevated gold and silver prices, which led our traditional buyers to become sellers and provided us with the opportunity to purchase their inventory. Despite the challenging environment, we delivered $0.21 per diluted share and generated $12.6 million in non-GAAP EBITDA, including one-time acquisition costs of $2.2 million. We also increased the Direct-to-Consumer number of new customers by 8% compared with our second quarter.”