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OTCM — OTC Markets News Story

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OTC Markets 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

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSlight Miss*$31.74 mln$31.89 mln (1 Analyst)
Q4 Adjusted EPSBeat$1.14$0.72 (1 Analyst)
Q4 Net Income$9.24 mln
Q4 Income from Operations$11.52 mln
Q4 Operating Margin36.30%
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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