Q1 2024 OTC Markets Group Inc Earnings Call
OTC Markets Group (OTCM) delivered earnings and revenue surprises of -14.04% and 2.55%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
First Quarter 2024 Highlights: Gross revenues of $27.7 million for the quarter, down 1% versus the prior year periodOperating income of $6.7 million for the quarter, down 3% versus the prior year periodOperating profit margin of 25.0%, versus 25.4% for the prior year periodNet income of $6.0 million, down 5% versus the prior year period, and quarterly diluted GAAP EPS of $0.49, down 6% Total cash returned to shareholders during the quarter of $5.1 million, comprised of dividends of $2.2 million