OTC Markets Q4 revenue rises on OTCID strength

Reuters03-05 06:09
<a href="https://laohu8.com/S/OTCM">OTC Markets</a> Q4 revenue rises on OTCID strength

Overview

  • Market operator's Q4 net revenue rosw

  • Company announced quarterly dividend and refreshed stock repurchase program

Result Drivers

  • OTCID LAUNCH - The launch of OTCID contributed to significant revenue growth in Corporate Services, with a 55% increase in revenues from OTCID and Pink Limited subscribers

  • TRADING VOLUME - Increased trading volume on OTC Link platforms boosted transaction-based revenues by 12%

  • PRICE INCREASES - Market Data Licensing revenues rose 17% due to price increases and subscriber growth

Company press release: ID:nGNXZL0bw

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Slight Miss*

$31.74 mln

$31.89 mln (1 Analyst)

Q4 Adjusted EPS

Beat

$1.14

$0.72 (1 Analyst)

Q4 Net Income

$9.24 mln

Q4 Income from Operations

$11.52 mln

Q4 Operating Margin

36.30%

Q4 Pretax Profit

$11.84 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • Wall Street's median 12-month price target for OTC Markets Group Inc is $65.00, about 24.9% above its March 3 closing price of $52.02

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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