Overview

* A-Mark fiscal Q1 revenue grows 36% yr/yr, beating analyst expectations

* Company reports fiscal Q1 net loss of $0.9 mln, compared to $9 mln profit last year

* A-Mark announces acquisition of Monex to strengthen DTC presence

Outlook

* Company expects operational synergies from Monex acquisition to enhance future performance

* A-Mark sees strengthened demand for precious metals post-quarter-end

* Company anticipates further savings from centralizing operations

Result Drivers

* GOLD SALES - Increase in gold ounces sold and higher average selling prices contributed to revenue growth

* SG&A EXPENSES - Significant rise in SG&A expenses impacted net income negatively

* MONEX ACQUISITION - Acquisition aims to strengthen DTC presence and realize operational synergies

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $3.68 $2.74

Revenue bln bln (4

Analysts

)

Q1 EPS -$0.04

Q1 Net -$900,00

Income 0

Q1 Gross 1.98%

Margin

Q1 Gross $72.90

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty mining & metals peer group is "buy"

* Wall Street's median 12-month price target for A-Mark Precious Metals Inc ( AMRK ) is $35.00, about 29% above its November 5 closing price of $24.84

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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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.)