OTC Markets Group Inc.

Earnings data Q1 2021

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Earnings data Q4 2024

OTC Markets Group reports steady Q3 growth and unveils market expansion plans

OTC Markets Group reported modest revenue growth and increased profitability in Q3 2024, driven by strong performance in OTC Link and operational efficiency.
Despite challenges in market data licensing and Corporate Services revenue, the company remains focused on enhancing shareholder value and exploring new market opportunities.
With a strategic focus on dividends, product innovation, and cost management, OTC Markets Group is poised to navigate market challenges and capitalize on growth prospects.

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OTC Markets Group, Inc. engages in the provision of trading, corporate, and market data services. It operates through the following business lines: OTC Link LLC, Market Data Licensing, and Corporate Services. The OTC Link LLC business line pertains to OTC Link ATS, OTC Link ECN, and OTC Link NQB alternative trading systems (ATSs), which offers trading services to FINRA member broker-dealer subscribers. The Market Data Licensing business line distributes market data and financial information for securities and companies. The Corporate Services business line operates the OTCQX and OTCQB markets and offers issuers disclosure and regulatory compliance products. The company was founded in 1904 and is headquartered in New York, NY.

OTC Markets Group Inc (OTCQX:OTCM) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Dan Zinn - General Counsel Cromwell Coulson - President & Chief Executive Officer Antonia Georgieva - Chief Financial Officer Conference Call Participants Steve Silver - Argus Research Corporation Brendan McCarthy - Sidoti Operator Good day and thank you for standing by. Welcome to the OTC Markets Group Third Quarter 2024 Earnings Conference Call and Webcast.

OTC Markets Group Inc (OTCM) Q3 2024 Earnings Call Transcript

OTC Markets Group Inc. (OTCM) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.61 per share a year ago.

OTC Markets Group Inc. (OTCM) Beats Q3 Earnings and Revenue Estimates

Third Quarter 2024 Highlights: Gross revenues of $27.4 million for the quarter, up 1% versus the prior year period Operating income of $8.6 million for the quarter, up 1% versus the prior year period Operating profit margin of 32.4%, versus 32.7% for the prior year period Net income of $7.4 million, up 1% versus the prior year period, and quarterly diluted GAAP EPS of $0.61, unchanged from the prior year period Total cash returned to shareholders during the quarter of $2.2 million in the form of dividends Announcing special dividend of $1.50 per share and fourth quarter 2024 dividend of $0.18 per share 566 OTCQX ® and 1,062 OTCQB ® companies at quarter end 7 graduates to a national securities exchange during the quarter 114 subscribers to OTC Link ECN as of September 30, 2024, up 6 versus September 30, 2023 Approximately 35,000 average daily trades during the quarter versus approximately 28,000 during the prior year period OTC Markets Group announced that in July 2025, Pink Current will become OTCID™  – a Basic Reporting Market for companies that meet a minimal current information standard and provide management certification In September 2024, OTC Markets Group launched OTC Overnight, a new offering for overnight trading in OTC equity securities In July 2024, OTC Markets Group's wholly-owned subsidiary, OTC Link LLC, submitted its initial filing to create a new ATS for overnight trading of NMS securities, pending regulatory approval NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced its financial results for the third quarter of 2024. “In September, we announced OTC Overnight, which in concert with our plans to launch the new MOON ATS for overnight trading of NMS securities will allow our broker-dealer subscribers to offer investors access to thousands of exchange-traded and OTC global equity securities during Asian market hours, at European market open, and overnight in the U.S. market,” said R.

OTC Markets Group Reports Third Quarter 2024 Results Delivering Operating and Net Income Growth

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM) today announced it will report its financial results for the third quarter ended September 30, 2024, after the close of the U.S. capital markets on Wednesday, November 6, 2024.

OTC Markets Group Announces Third Quarter 2024 Earnings Conference Call and Webcast

NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the third quarter 2024 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

OTC Markets Group Announces Quarterly Index Performance and Rebalancing

LOS ANGELES, CA / ACCESSWIRE / October 23, 2024 / Nexscient, Inc. (OTCQB:NXNT), an emerging developer of predictive analytics and intelligent enterprise applications, announced today that its shares of common stock have been approved for quotation and trading on the OTCQB Venture Marketplace (OTCQB) under the symbol ‘NXNT', effective immediately. Price quote and disclosure information can be found at: https://www.otcmarkets.com/stock/NXNT OTCQB is the premier marketplace for entrepreneurial and development-stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their investors.

Nexscient Stock Quoted on OTCQB

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Firan Technology Group Corporation (TSX: FTG; OTCQX: FTGFF), an aerospace and defence electronics product and subsystem supplier, has qualified to trade on the OTCQX® Best Market. Firan Technology Group Corporation upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Firan Technology Group Corporation to OTCQX

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Medicenna Therapeutics Corp. (TSX: MDNA; OTCQX: MDNAF), a clinical-stage immunotherapy company, has qualified to trade on the OTCQX® Best Market. Medicenna Therapeutics Corp. upgraded to OTCQX from the OTCQB® Venture Market.

OTC Markets Group Welcomes Medicenna Therapeutics Corp. to OTCQX

NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Blumetric Environmental, Inc. (TSX-V: BLM; OTCQX: BLMWF), (“BluMetric”) an integrated product and service organization, has qualified to trade on the OTCQX® Best Market. BluMetric Environmental, Inc. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Blumetric Environmental, Inc. to OTCQX

NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Concord Acquisition Corp II (OTCQX: CNDA), a special purpose acquisition company, has qualified to trade on the OTCQX® Best Market. Concord Acquisition Corp II previously traded on NYSE American.

OTC Markets Group Welcomes Concord Acquisition Corp II to OTCQX

NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced SulNOx Group Plc (Aquis Stock Exchange: SNOX; OTCQX: SNOXF), the greentech innovation company helping industry reduce emissions, lower fuel costs and meet sustainability targets, has qualified to trade on the OTCQX® Best Market. SulNOx Group Plc upgraded to OTCQX from the OTCQB® Venture Market.

OTC Markets Group Welcomes SulNOx Group Plc to OTCQX

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Generations Bancorp NY, Inc. (OTCQX: GBNY), the holding company for Generations Bank, has qualified to trade on the OTCQX® Best Market. Generations Bancorp NY, Inc. previously traded on NASDAQ.

OTC Markets Group Welcomes Generations Bancorp NY, Inc. to OTCQX

Toronto, Ontario--(Newsfile Corp. - October 2, 2024) - The Canadian Securities Exchange ("CSE") and OTC Markets Group Inc. ("OTC Markets") are pleased to present the Global Markets Forum, a premier investor conference for emerging companies, in New York City on October 9, 2024. The special full-day event, which is co-hosted by the Aquis Exchange and First Sentinel, will feature dynamic growth companies based in Canada and the United Kingdom.

Canadian Securities Exchange and OTC Markets Group Present the Global Markets Forum in New York City

NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Sintana Energy, Inc. (TSX-V: SEI; OTCQX: SEUSF), a petroleum and natural gas exploration and development company, has qualified to trade on the OTCQX® Best Market. Sintana Energy, Inc. upgraded to OTCQX from the OTCQB® Venture Market.

OTC Markets Group Welcomes Sintana Energy, Inc. to OTCQX

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced G Mining Ventures Corp. (TSX: GMIN; OTCQX: GMINF), a precious metals mining company, has qualified to trade on the OTCQX® Best Market. G Mining Ventures Corp. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes G Mining Ventures Corp. to OTCQX

NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Maquia Capital Acquisition Corp (OTCQX: MAQC), a special purpose acquisition company (SPAC), has qualified to trade on the OTCQX® Best Market. Maquia Capital Acquisition Corp previously traded on NASDAQ.

OTC Markets Group Welcomes Maquia Capital Acquisition Corp to OTCQX

NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Armanino Foods of Distinction, Inc. (OTCQX: AMNF), an international food manufacturer, has qualified to trade on the OTCQX® Best Market. Armanino Foods of Distinction, Inc. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Armanino Foods of Distinction, Inc. to OTCQX

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Silver Crown Royalties Inc. (CBOE: SCRI; OTCQX: SLCRF), a silver-only royalty company, has qualified to trade on the OTCQX® Best Market.

OTC Markets Group Welcomes Silver Crown Royalties Inc. to OTCQX

NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Slam Corp. (OTCQX: SLAMF), a special purpose acquisition company led by World Series Champion Alex Rodriguez, has qualified to trade on the OTCQX® Best Market. Slam Corp. previously traded its Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”), units, each consisting of one Ordinary Share and one-fourth of one redeemable warrant (the “Units”), and redeemable warrants (the “Warrants”), each one whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50, on NASDAQ.

OTC Markets Group Welcomes Slam Corp. to OTCQX

OTC Markets Group Inc. (OTCQX:OTCM) has officially launched OTC Overnight, allowing a select group of securities to be traded from Sunday through Thursday between 8 pm and 4 am Eastern Time. The new trading window will enhance market accessibility, transparency, and data coverage by leveraging existing infrastructure, enabling broker-dealer subscribers to meet the growing demand for overnight trading.

OTC Markets Group launches OTC Overnight, expanding trading hours for select securities

NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc.  (OTCQX: OTCM; “the Company”), the operator of regulated financial markets for over 12,000 U.S. and global securities, today announced the official launch of OTC Overnight. A select group of active securities are now available for trading Sunday through Thursday between 8 PM and 4 AM Eastern Time.

OTC Markets Group Announces Official Launch of OTC Overnight, Expanding Global Market Access

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Velo3D, Inc. (OTCQX: VLDX), a three dimensional printer producer, has qualified to trade on the OTCQX® Best Market. Velo3D, Inc. previously traded on the New York Stock Exchange.

OTC Markets Group Welcomes Velo3D, Inc. to OTCQX

OTC Markets Group Inc. (OTCQX:OTCM) announced today that its subsidiary EDGAR Online (NASDAQ:EDGR)'s (EOL) SEC and OTC financials data set is now accessible via Nasdaq Data Link, Nasdaq's cloud-based data distribution platform. The integration allows firms to access EOL Financial Data alongside the existing real-time and reference data options offered by Nasdaq Data Link.

OTC Markets Group announces integration of EDGAR Online Data on Nasdaq Data Link

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc.  (OTCQX: OTCM), operator of regulated financial markets for over 12,000 U.S. and global securities, today announced that EDGAR Online's (EOL) SEC and OTC financials data set is now available on Nasdaq Data Link ®, Nasdaq's cloud-based data distribution platform. The integration of EDGAR Online's financial data into Nasdaq Data Link® provides subscribers with access to the most comprehensive financials data for all SEC and OTC reporting issuers.

OTC Markets Group Announces Incorporation of EDGAR® Online Financial Data onto Nasdaq Data Link®

OTC Markets lists companies that don't qualify for the larger exchanges but want to go public. The share price has tumbled since 2022 amid a soft market for initial public offerings.

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