OTC Markets Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 27.04 million compared to USD 25.92 million a year ago. Revenue was USD 25.08 million compared to USD 23.84 million a year ago. Net income was USD 7.38 million compared to USD 7.17 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.6 a year ago.
For the nine months, sales was USD 82.29 million compared to USD 77.85 million a year ago. Revenue was USD 75.69 million compared to USD 71.33 million a year ago. Net income was USD 20.66 million compared to USD 22.19 million a year ago. Basic earnings per share from continuing operations was USD 1.73 compared to USD 1.87 a year ago. Diluted earnings per share from continuing operations was USD 1.7 compared to USD 1.83 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.
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