Merriman Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended and Nine Months Ended September 30, 2014
November 12, 2014 at 04:09 pm
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Merriman Holdings, Inc. announced Unaudited consolidated earnings results for the third quarter ended and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $4,459,792 against $1,929,334 a year ago. Operating loss was $686,300 against $1,095,365 a year ago. Net loss before income tax was $801,564 against $1,212,584 a year ago. Net loss was $801,564 against $1,215,321 a year ago. Basic and diluted loss per share was $0.18 against $0.31 a year ago. Adjusted LBITDA was $349,101 against $973,360 a year ago.
For the nine months, the company reported revenues of $13,640,859 against $6,391,284 a year ago. Operating income was $214,844 against operating loss of $2,815,230 a year ago. Net loss before income tax was $369,681 against $3,465,466 a year ago. Net loss was $369,681 against $3,477,465 a year ago. Basic and diluted loss per share was $0.08 against $1.30 a year ago. Adjusted EBITDA was $1,010,725 against adjusted LBITDA of $2,003,573 a year ago.
Merriman Holdings, Inc. is a financial services holding company. The Company, through its wholly owned operating subsidiary Merriman Capital, Inc. (MC), provides capital markets advisory and research, corporate and investment banking services. The Company has three operating segments: MC, Financial Entrepreneurial Platform (FEP) and Capital Market Advisory Services (CMAG). The Company's MC segment includes a range of services, such as capital raising and financial advisory services for corporate clients, and brokerage and equity research services for its institutional investor clients. The Company's FEP segment includes capital raising services through a network of independent investment bankers. The Company's CMAG segment includes capital market advisory services, such as assisting corporate issuers in listing on OTCQX, the OTC Market tier, along with other services that facilitate the access to institutional capital markets.
MERRIMAN HOLDINGS, INC. 
