OTC Markets Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 07, 2024 at 05:00 pm
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OTC Markets Group Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 27.56 million compared to USD 27.23 million a year ago. Revenue was USD 25.22 million compared to USD 25.17 million a year ago. Revenue was USD 25.22 million compared to USD 25.17 million a year ago. Revenue was USD 25.22 million compared to USD 25.17 million a year ago. Revenue was USD 25.22 million compared to USD 25.17 million a year ago. Net income was USD 6.73 million compared to USD 6.96 million a year ago. Net income was USD 6.73 million compared to USD 6.96 million a year ago. Net income was USD 6.73 million compared to USD 6.96 million a year ago. Net income was USD 6.73 million compared to USD 6.96 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.58 a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.58 a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.58 a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.58 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.57 a year ago.
For the six months, sales was USD 55.22 million compared to USD 55.25 million a year ago. Revenue was USD 50.53 million compared to USD 50.61 million a year ago. Net income was USD 12.72 million compared to USD 13.28 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 1.1 a year ago.
OTC Markets Group Inc. operates regulated markets for trading 12,000 United States and international securities. It has three public markets: OTCQX Best Market, OTCQB Venture Market and Pink Open Market. It operates three business lines: OTC Link, Market Data Licensing, and Corporate Services. Its wholly owned subsidiary, OTC Link LLC, a FINRA member broker-dealer, operates OTC Link ATS, OTC Link ECN, and OTC Link NQB, each an SEC-regulated Alternative Trading Systems (ATSs). OTC Link ATSs provide critical market infrastructure that broker-dealers rely on to facilitate trading. Its model offers companies more efficient access to the United States financial markets. Its Market Data Licensing business provides its subscribers with access to extensive market data and financial information, including real-time, delayed, and end-of-day quotation and trading data, as well as a security master with issuer-level data. It also offers a number of data products and tools for compliance teams.
OTC MARKETS GROUP INC. 
