NYSE$GOLD

Gold.com Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

A-Mark Precious Metals reported an increase in diluted earnings per share and gross profit for Q1 2023.

A-Mark Precious Metals reported a decrease in revenue but an increase in gross profit and diluted earnings per share for the fiscal first quarter ended September 30, 2022. Revenues decreased 6% to $1.90 billion, while gross profit increased 37% to $76.6 million. Diluted earnings per share increased 69% to $1.83.

  • Diluted earnings per share increased to $1.83, up from $1.08 in Q1 FY 2022.
  • Gross profit increased 37% year-over-year for the quarter.
  • Gold ounces sold decreased 6% to 629,000 ounces.
  • Silver ounces sold increased 28% to 35.9 million ounces.

Headline financials

Total Revenue

$1.9B

Previous: $2.01B-5.6%
EPS (adj)

$1.83

Previous: $1.09+67.9%
Gross Profit Margin

4.0%

Previous: 2.8%+45.0%
Gold Ounces Sold

629.0K

Previous: 669.0K-6.0%
Silver Ounces Sold

35.9M

Previous: 28.1M+27.7%
DTC New Customers

49.0K

Previous: 52.9K-7.4%
DTC Active Customers

139.9K

Previous: 117.7K+18.9%
DTC Average Order Value

$2.33K

Previous: $2.29K+1.8%
JMB Average Order Value

$2.15K

Previous: $2.13K+1.0%
CyberMetals New Customers

2.3K

No prior period
CyberMetals Active Customers

2.0K

No prior period
CyberMetals Total Customers

8.2K

No prior period
CyberMetals Customer AUM

$4.6M

No prior period
Capital Expenditures

-$927K

Previous: -$709K-30.7%
Free Cash Flow

$44.2M

Previous: $25.3M+74.6%
Net Income

$45.1M

Previous: $26M+73.4%
Operating Income

$55.6M

Previous: $36.2M+53.5%
Gross Profit

$76.6M

Previous: $56M+36.7%
Cash & Equivalents

$64.6M

Previous: $29.6M+118.3%
Total Assets

$1.24B

Previous: $1.25B-0.6%
Stock-Based Comp

$535K

Previous: $473K+13.1%

Revenue & EPS history

A-Mark Precious Metals · Revenue · Quarterly

$1.9B

Q1 2023-5.6%vs Q1 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

A-Mark Precious Metals · $533M total across 1 segment · Q3 2023

  • Direct-to-Consumer
    $533M-9.8%

Forward guidance

A-Mark expects continued growth and profitability through strategic acquisitions and investments.

Tailwinds

  • The company's business model will allow them to realize growth and profitability over the long term.
  • Favorable market conditions have continued to positively impact the business.
  • Continued supply constraints have positively impacted the business.
  • Elevated demand in both the retail and wholesale segments have continued to positively impact the business.
  • JMB closed the asset acquisition of BGASC

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.5%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

50%

28 / 56 earnings

Positive

+29.2%

Q4 2020

Best reaction

-16.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.4%+1.0%-8.4%
Q2 2026+9.9%+24.9%+4.1%
Q1 2026+1.7%+5.2%+23.6%
Q3 2025-13.4%-5.4%-12.4%
Q2 2025+1.0%+1.4%-2.2%
Q1 2025-16.1%-16.8%-23.6%
Q4 2024+8.3%+11.0%+25.0%
Q3 2024-7.3%-9.7%-12.2%
Q2 2024-1.8%-0.7%+5.6%
Q1 2024-9.6%-9.6%+8.2%
Q4 2023+9.0%+5.6%-15.5%
Q3 2023+3.7%+1.9%+3.3%
Q2 2023-14.9%-22.1%-25.2%
Q1 2023+15.8%+21.2%+28.5%
Q4 2022-15.1%-20.6%-22.2%
Q3 2022-9.2%-16.2%-4.4%
Q2 2022+10.8%+12.2%+9.9%
Q1 2022-8.9%-12.7%-22.2%
Q4 2021+18.4%+16.8%+40.2%
Q3 2021+14.0%+36.5%+20.0%
Q2 2021-15.1%-15.8%+2.4%
Q1 2021+18.0%+14.2%+13.4%
Q4 2020+29.2%+25.9%+44.2%
Q3 2020+8.7%+13.9%+22.3%
Q2 2020+0.7%-1.7%+2.4%
Q1 2020+3.6%+3.9%-8.6%
Q4 2019-10.8%-13.5%-8.2%
Q3 2019+10.3%+13.1%+17.6%
Q2 2019-1.4%-3.5%-7.6%
Q1 2019+6.1%+1.1%-1.8%
Q4 2018-4.8%-12.7%-2.0%
Q3 2018-3.0%-0.4%+3.3%
Q2 2018-9.4%-10.3%-6.5%
Q1 2018-0.8%+2.8%-1.1%
Q4 2017-6.8%-5.7%-6.2%
Q3 2017-10.8%-9.4%-9.7%
Q2 2017+6.7%+15.6%+0.0%
Q1 2017+12.7%+13.3%+21.7%
Q4 2016-4.6%-3.1%-8.6%
Q3 2016-3.2%
Q2 2016+5.3%
Q1 2016+4.9%
Q4 2015+1.7%
Q3 2015+3.0%
Q2 2015-4.3%
Q1 2014+0.8%
Q1 2015-0.2%
Q4 2014-2.4%
Q4 2013-2.4%
Q4 2012-2.4%
Q2 2014-2.4%
Q3 2012-2.4%
Q1 2013-2.4%
Q3 2014+0.6%
Q3 2013+4.2%
Q2 2013+4.2%

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