NYSE$GOLD

Gold.com Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

A-Mark Precious Metals reported results for the fiscal third quarter ended March 31, 2024, with diluted earnings per share of $0.21.

A-Mark Precious Metals reported a decrease in net income and earnings per share for the fiscal third quarter 2024, despite an increase in revenues. The company faced softened demand, premium compression, and elevated gold and silver prices, which impacted profitability. They also expanded into Asia with the acquisition of LPM Group Limited.

  • Diluted earnings per share were $0.21.
  • Revenues increased by 13% to $2.611 billion.
  • Gross profit decreased by 54% to $34.8 million.
  • Repurchased 204,396 common shares for $5 million.

Headline financials

Total Revenue

$2.61B

Previous: $2.32B+12.7%
EPS

$0.21

Previous: $1.46-85.6%
Gross Profit Margin

1.3%

Previous: 3.3%-59.2%
Gold Ounces Sold

446.0K

Previous: 659.0K-32.3%
Silver Ounces Sold

25.7M

Previous: 36.9M-30.3%
Secured Loans at Period End

675

Previous: 963-29.9%
Secured Loans Receivable

$116M

No prior period
DTC New Customers

56.6K

No prior period
DTC Active Customers

126.0K

No prior period
DTC Total Customers

2.5M

No prior period
DTC Average Order Value

$2.13K

No prior period
JMB Average Order Value

$2K

No prior period
CyberMetals New Customers

1.9K

No prior period
CyberMetals Active Customers

1.9K

No prior period
CyberMetals Total Customers

28.1K

No prior period
CyberMetals Customer AUM

$6.8M

No prior period
Capital Expenditures

-$4.52M

Previous: -$565K-699.6%
Free Cash Flow

$495K

Previous: $35.4M-98.6%
Net Income

$5.01M

Previous: $35.9M-86.0%
Operating Income

$8.48M

Previous: $48.4M-82.5%
Gross Profit

$34.8M

Previous: $75.5M-53.9%
Total Assets

$1.67B

Previous: $1.59B+4.8%
Stock-Based Comp

$456K

Previous: $538K-15.2%

Revenue & EPS history

A-Mark Precious Metals · Revenue · Quarterly

$2.61B

Q3 2024+12.7%vs Q3 2023
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's Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis).

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 Q3 2024

Historical avgQ3 2024

+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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