OTC Markets Group Inc.

Earnings data Q1 2021

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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.

Start Time: 08:30 End Time: 09:08 March 1, 0000 ET Q2 2023 Earnings Conference Call August 03, 2023, 08:30 AM ET Company Participants Cromwell Coulson - President and CEO Antonia Georgieva - CFO Dan Zinn - General Counsel and Chief of Staff Conference Call Participants Steve Silver - Argus Research Brendan McCarthy - Sidoti Operator Good day and thank you for standing by. Welcome to the OTC Markets Group Second Quarter 2023 Earnings Conference Call.

OTC Markets Group Inc. (OTCM) Q2 2023 Earnings Call Transcript

OTC Markets Group Inc. (OTCM) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.61 per share a year ago.

OTC Markets Group Inc. (OTCM) Lags Q2 Earnings and Revenue Estimates

Second Quarter 2023 Highlights: Gross revenues of $27.2 million for the quarter, up 5% versus the prior year period Operating income of $8.3 million for the quarter, down 10% versus the prior year period Operating profit margin of 31.4%, versus 36.7% for the prior year period Net income of $7.0 million, down 6% versus the prior year period, and quarterly diluted GAAP EPS of $0.57, down 7% Total cash returned to shareholders during the quarter of $2.1 million in the form of dividends Announcing third quarter 2023 dividend of $0.18 per share 587 OTCQX ® and 1,191 OTCQB ® companies at quarter end 11 graduates to a national securities exchange during the quarter 104 subscribers to OTC Link ECN as of June 30, 2023, up 3 versus June 30, 2022; approximately 32,000 average daily trades during the quarter versus approximately 35,000 during the prior year period NEW YORK, Aug. 02, 2023 (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 second quarter of 2023. “We continued to demonstrate the strength of our business model during a time of slower market activity,” said R.

OTC Markets Group Reports Second Quarter 2023 Results Delivering Continued Revenue Growth

NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Oconee Federal Financial Corp. (OTCQX: OFED), the holding company for Oconee Federal Savings and Loan, has qualified to trade on the OTCQX® Best Market. Oconee Federal Financial Corp. previously traded on NASDAQ.

OTC Markets Group Welcomes Oconee Federal Financial Corp. to OTCQX

NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Valeura Energy Inc. (TSX: VLE; OTCQX: VLERF), an upstream oil & gas company, has qualified to trade on the OTCQX® Best Market. Valeura Energy Inc. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Valeura Energy Inc. to OTCQX

NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Sierra Madre Gold and Silver Ltd (TSX-V: SM; OTCQX: SMDRF), a precious metals development and exploration company has qualified to trade on the OTCQX® Best Market. Sierra Madre Gold and Silver Ltd upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Sierra Madre Gold and Silver Ltd to OTCQX

NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Payfare Inc.  (TSX: PAY; OTCQX: PYFRF), a leading fintech powering instant payout and digital banking solutions for workforces, has qualified to trade on the OTCQX® Best Market. Payfare Inc. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Payfare Inc. to OTCQX

NEW YORK, July 26, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM) today announced it will report its financial results for the second quarter ended June 30, 2023, after the close of the U.S. capital markets on Wednesday, August 2, 2023.

OTC Markets Group Announces Second Quarter 2023 Earnings Conference Call and Webcast

NEW YORK, July 24, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Talen Energy Corporation (OTCQX: TLNE) (“Talen” or the “Company”) has qualified to trade on the OTCQX® Best Market. Talen upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Talen Energy Corporation to OTCQX

NEW YORK, July 18, 2023 (GLOBE NEWSWIRE) -- OTC Markets Gr o up Inc.  (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced North Carolina recognizes the OTCQX® Best Market and OTCQB® Venture Market as securities manuals for the purposes of its “Blue Sky Manual Exemption” for secondary trading.

OTCQX and OTCQB Blue Sky Recognition Expands to North Carolina

Sydney, Australia--(Newsfile Corp. - July 18, 2023) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (Austral or the Company) is pleased to announce that effective tomorrow, the Company's common shares will be uplisted from trading on the Pink Market of the OTC Markets Group Inc. to the OTCQB Venture Market (the "OTCQB") under the same symbol it previously traded, "AGLDF". The Company will continue to trade on the ASX in Australia as the primary listing and the TSXV in Canada under the symbols "AGD" and "AGLD" respectively.

Austral Gold Upgrades U.S. Listing to the OTCQB Market

NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Alta Copper Corp (TSX: ATCU; OTCQX: ATCUF), a company developing the Cañariaco advanced staged copper project, has qualified to trade on the OTCQX® Best Market. Alta Copper Corp upgraded to OTCQX from the OTCQB® Venture Market.

OTC Markets Group Welcomes Alta Copper Corp to OTCQX

NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced VWF Bancorp, Inc. (OTCQX: VWFB), the holding company for Van Wert Federal Savings Bank, has qualified to trade on the OTCQX® Best Market. VWF Bancorp, Inc. upgraded to OTCQX from the OTCQB® Venture Market.

OTC Markets Group Welcomes VWF Bancorp, Inc. to OTCQX

NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced that Gram Car Carriers ASA (“GCC”) (Oslo Bors: GCC; OTCQX: GCCRF), the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment, has qualified to trade on the OTCQX® Best Market. GCC is the third Norwegian company to qualify for OTCQX in 2023, and joins our growing roster of Norwegian shipping companies. Gram Car Carriers upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Gram Car Carriers ASA to OTCQX

NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Ledyard Financial Group, Inc. (OTCQX: LFGP), the holding company for Ledyard National Bank. headquartered in Hanover, New Hampshire, has qualified to trade on the OTCQX® Best Market. Ledyard Financial Group, Inc. upgraded to OTCQX from the OTCQB® Venture Market.

OTC Markets Group Welcomes Ledyard Financial Group, Inc. to OTCQX

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, announced Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF), a beverage industry pioneer, has qualified to trade on the OTCQX® Best Market. Yerbaé Brands Corp. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Yerbaé Brands Corp. to OTCQX

OTC Markets Group (OTCM) operates the main over-the-counter stock exchanges in the US, providing a set of unique trading venues for smaller companies that generally cannot list on standard exchanges. Despite a decline in transaction revenues from customers trading on OTCM's exchanges, the company has shown resilience and continued to grow across both its top and bottom line. Transaction revenues are now picking back up again, and could see the company returning to the growth rates that it had before the current market environment, which were exceptional.

OTC Markets Group: Good Long-Term Buy With A Unique Business

NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Flagship Communities Real Estate Investment Trust (OTCQX: MHCUF), one of the U.S. Midwest region's largest Manufactured Housing Community operators, has qualified to trade on the OTCQX® Best Market. Flagship Communities Real Estate Investment Trust upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Flagship Communities Real Estate Investment Trust to OTCQX

NEW YORK, June 09, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Pine Cliff Energy Ltd. (TSX: PNE; OTCQX: PIFYF), a company engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids, has qualified to trade on the OTCQX® Best Market. Pine Cliff Energy Ltd. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Pine Cliff Energy Ltd. to OTCQX

NEW YORK, May 22, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Heliostar Metals Ltd. (TSX-V: HSTR; OTCQX: HSTXF), a junior mining company, has qualified to trade on the OTCQX® Best Market. Heliostar Metals Ltd. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Heliostar Metals Ltd. to OTCQX

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Largo Physical Vanadium Corp. (TSX-V: VAND; OTCQX: VANAF), a pure-play physical vanadium investment company, has qualified to trade on the OTCQX® Best Market. Largo Physical Vanadium Corp. upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes Largo Physical Vanadium Corp. to OTCQX

OTC Markets Group Inc. (OTCM) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.62 per share a year ago.

OTC Markets Group Inc. (OTCM) Lags Q1 Earnings Estimates

First Quarter 2023 Highlights: Gross revenues of $28.0 million for the quarter, up 8% versus the prior year period Operating income of $6.9 million for the quarter, down 20% versus the prior year period Operating profit margin of 25.4%, versus 34.4% for the prior year period Net income of $6.3 million, down 17% versus the prior year period, and quarterly diluted GAAP EPS of $0.52, down 16% Total cash returned to shareholders during the quarter of $5.5 million, comprised of dividends of $2.1 million and repurchases of common stock of $3.4 million Announcing second quarter 2023 dividend of $0.18 per share 593 OTCQX ® and 1,218 OTCQB ® companies at quarter end 10 graduates to a national securities exchange during the quarter 102 subscribers to OTC Link ECN as of March 31, 2023, up 4 versus March 31, 2022; approximately 35,000 average daily trades during the quarter versus approximately 39,000 during the prior year period Successful migration of the EDGAR ® Online platform to a cloud environment On May 5, 2023, FINRA granted our application to permit digital asset securities to be traded by broker-dealers on OTC Link ATS NEW YORK, May 09, 2023 (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 first quarter of 2023. “During the first quarter of 2023, our team completed the critical first step of the integration of EDGAR Online: the migration of the technology platform to our cloud environment.

OTC Markets Group Reports First Quarter 2023 Results Delivering Continued Revenue Growth

NEW YORK, May 05, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced SolarBank Corporation (CSE: SUNN; OTCQX: SLBCF), an independent renewable and clean energy project developer, has qualified to trade on the OTCQX® Best Market. SolarBank Corporation upgraded to OTCQX from the Pink® market.

OTC Markets Group Welcomes SolarBank Corporation to OTCQX

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM) today announced it will report its financial results for the first quarter ended March 31, 2023, after the close of the U.S. capital markets on Tuesday, May 9, 2023.

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