OTC Markets Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023
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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. The Companyâs three public markets include 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, operates OTC Link ATS, OTC Link ECN, and OTC Link NQB, each a Securities and Exchange Commission (SEC)-regulated alternative trading system (ATS). Market Data Licensing distributes market data and financial information. Corporate Services operates the OTCQX and OTCQB markets and offers issuers disclosure and regulatory compliance products. It provides critical infrastructure to the United States financial markets, connecting brokers, organizing markets, and incentivizing disclosure. Its market data provides price transparency, assists regulated entities in meeting their compliance obligations, and enables informed investment decisions.
OTC MARKETS GROUP INC. 
