NYSE$GOLD

Gold.com Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

A-Mark Precious Metals reported preliminary results with revenues decreasing and earnings per share declining, but gross profit increasing from the previous quarter.

A-Mark Precious Metals reported a decrease in revenues for the fiscal fourth quarter of 2024, with a corresponding decrease in gross profit compared to the same quarter last year. Net income attributable to the company also decreased, although diluted earnings per share increased compared to the previous quarter. The company's full-year revenue increased, but gross profit and net income decreased compared to the prior fiscal year.

  • Revenues for Q4 2024 decreased by 19% to $2.52 billion compared to $3.12 billion in Q4 2023.
  • Gross profit for Q4 2024 decreased by 45% to $43.0 million from $78.6 million in Q4 2023, but increased 23% from $34.8 million in the previous quarter.
  • Net income attributable to the company for Q4 2024 decreased by 32% to $28.6 million from $41.8 million in Q4 2023.
  • Diluted earnings per share for Q4 2024 were $1.20, a 30% decrease compared to $1.71 in Q4 2023, but excluding a remeasurement gain, diluted EPS was $0.60.

Headline financials

Total Revenue

$2.52B

Previous: $3.16B-20.0%
EPS (adj)

$0.60

Previous: $1.71-64.9%
Gross Profit Margin

1.7%

No prior period
Gold Ounces Sold

448.0K

Previous: 814.0K-45.0%
Silver Ounces Sold

25.4M

Previous: 45.3M-43.8%
Secured Loans at Period End

588

Previous: 882-33.3%
Secured Loans Receivable

$113M

No prior period
DTC New Customers

570.3K

No prior period
DTC Active Customers

114.6K

No prior period
DTC Total Customers

3.1M

No prior period
DTC Average Order Value

$2.89K

No prior period
JMB Average Order Value

$2.64K

No prior period
CyberMetals New Customers

1.5K

No prior period
CyberMetals Active Customers

1.9K

No prior period
CyberMetals Total Customers

29.6K

No prior period
CyberMetals Customer AUM

$7.3M

No prior period
Capital Expenditures

-$2.74M

Previous: $1.56M-276.0%
Net Income

$28.6M

Previous: $41.8M-31.5%
Operating Income

$31.7M

Previous: $53.3M-40.6%
Gross Profit

$43M

Previous: $78.6M-45.3%
Stock-Based Comp

$321K

Previous: $569K-43.6%

Revenue & EPS history

A-Mark Precious Metals · Revenue · Quarterly

$2.52B

Q4 2024-20%vs Q4 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 continues to evaluate opportunities to further expand market reach and enhance stockholder value. They are advancing logistics automation initiatives and developing plans to broaden reach in Asia, including establishing a trading hub in Singapore.

Tailwinds

  • Advancing the logistics automation initiatives at the A-Mark Global Logistics (AMGL) facility in Las Vegas.
  • Automation will support increased volume.
  • Automation will lower operational costs.
  • Developing plans to broaden reach in Asia.
  • Establishing a trading hub in Singapore.

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 Q4 2024

Historical avgQ4 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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