Overview
OTC Markets Q3 revenue grows 15% yr/yr
Adjusted EPS for Q3 rises to $1.06 from $0.89
Company announces special dividend of $1.75 per share
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
OTC LINK REVENUE - OTC Link revenues increased 23% due to higher trading volumes and increased connectivity revenue
MARKET DATA LICENSING - Market Data Licensing revenues grew 15%, driven by price increases and subscriber growth
CORPORATE SERVICES - Corporate Services revenues rose 12%, with OTCID launch boosting DNS revenues
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$30.66 mln
$30.08 mln (1 Analyst)
Q3 Adjusted EPS
Beat
$1.06
$0.62 (1 Analyst)
Q3 Net Income
$8.56 mln
Q3 Income from Operations
$10.61 mln
Q3 Operating Margin
34.60%
Q3 Pretax Profit
$10.88 mln
Press Release: ID:nGNX4PD054
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(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.)