Reported Earnings • May 17
First quarter 2026 earnings released: US$0.048 loss per share (vs US$0.22 profit in 1Q 2025) First quarter 2026 results: US$0.048 loss per share (down from US$0.22 profit in 1Q 2025). Revenue: US$23.3m (down 19% from 1Q 2025). Net loss: US$1.97m (down 123% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hocheol Shin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$2.12, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$2.12, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 24x in the Capital Markets industry in the US. Total returns to shareholders of 12% over the past three years. New Risk • Feb 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (US$98.6m market cap). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to US$3.84, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 154% over the past three years. Announcement • Nov 22
Siebert Financial Corp. Approves the Election of Lewis W. Solimene as Director Siebert Financial Corp. (the “Company”) held its Annual Meeting of Shareholders (the “2025 Annual Meeting”) on November 18, 2025. At the 2025 Annual Meeting, the Company’s shareholders voted the election of Lewis W. Solimene, Jr as director. Announcement • Nov 18
Siebert Financial Corp. Appoints Joseph Corso as Division Led of Siebert.Pro Siebert Financial Corp. on November 17, 2025 announced the launch of Siebert.Pro, a new division and trading platform built for active, self-directed investors. The division is led by Joseph Corso, Senior Managing Director, who previously held leadership roles at Morgan Stanley and E*TRADE. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: US$0.04 (vs US$0.096 in 3Q 2024) Third quarter 2025 results: EPS: US$0.04 (down from US$0.096 in 3Q 2024). Revenue: US$26.7m (up 19% from 3Q 2024). Net income: US$1.62m (down 58% from 3Q 2024). Profit margin: 6.1% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Siebert Financial Corp. (NasdaqCM:SIEB) entered into an agreement to acquire remaining 32% stake in RISE Financial Services, LLC for $3.7 million. Siebert Financial Corp. (NasdaqCM:SIEB) entered into an agreement to acquire remaining 32% stake in RISE Financial Services, LLC for $3.7 million on October 28, 2025. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$2.78, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 56% over the past three years. Announcement • Oct 10
Siebert Financial Corp., Annual General Meeting, Nov 18, 2025 Siebert Financial Corp., Annual General Meeting, Nov 18, 2025. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$3.36, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$2.93, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total returns to shareholders of 74% over the past three years. Announcement • Sep 04
Siebert Financial Corporation Appoints Daniel M. Ondeck as Head of Institutional Sales Siebert Financial Corporation. announced that Daniel M. Ondeck has joined the firm as Head of Institutional Sales. Based in Washington, D.C., he will lead institutional client coverage and distribution across sector verticals and work closely with Siebert’s investment bankers on origination and execution. Mr. Ondeck brings more than two decades of experience in institutional sales and capital markets. He began his career as an infantry Captain in the United States Marine Corps and holds a B.A. from Denison University. He later served in senior sales roles at FBR Capital Markets and B. Riley Financial. At Siebert, Mr. Ondeck will partner with the firm’s investment bankers to originate and distribute offerings across public and private markets, including structured debt and equity. He will also coordinate with research and trading to support institutional clients. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to US$3.02, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 26x in the Capital Markets industry in the US. Total returns to shareholders of 78% over the past three years. Reported Earnings • Aug 13
Second quarter 2025 earnings released: US$0.12 loss per share (vs US$0.10 profit in 2Q 2024) Second quarter 2025 results: US$0.12 loss per share (down from US$0.10 profit in 2Q 2024). Revenue: US$14.8m (down 29% from 2Q 2024). Net loss: US$4.72m (down 217% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
Siebert Financial Corp. Launches "Generation Wealth" Campaign to Refra Investing for Gen Z Siebert Financial Corp. announced the launch of "Generation Wealth," a bold, multi-platform campaign built by its in-house creative agency, Gebbia Media, to meet young investors on their terms and in their language. The campaign rejects outdated principles of austerity and lectures. Instead, it taps into Gen Z's unapologetic relationship with money: one where indulgence and responsibility can co-exist. The core message: One can have cake and eat it too, if know how to manage money. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage; investment banking and capital markets services; investment advisory and insurance offerings; securities lending; corporate stock plan administration solutions; in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$4.03, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total returns to shareholders of 153% over the past three years. Announcement • Jun 29
Siebert Financial Corp. has filed a Follow-on Equity Offering in the amount of $50 million. Siebert Financial Corp. has filed a Follow-on Equity Offering in the amount of $50 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Jun 18
Gebbia Media Appoints Greg Murphy as President of New Sports Division Gebbia Media, a wholly owned subsidiary of Siebert Financial Corp. has announced the launch of its Sports Division. The new group will focus on serving the unique needs of elite and professional athletes, offeringa comprehensive platform that combines financial education, wealth management, tax planning, and strategic support for long-term success. The initiative will be led by Greg Murphy, a former collegiate basketball player and seasoned financial executive for Alliance Bernstein and Investco, newly appointed President of Sport Division. Announcement • Jun 12
Siebert Financial Corp. (NasdaqCM:SIEB) acquired an unknown stake in FusionIQ, Inc. Siebert Financial Corp. (NasdaqCM:SIEB) acquired an unknown stake in FusionIQ, Inc. on June 11, 2025.
Siebert Financial Corp. (NasdaqCM:SIEB) completed the acquisition of an unknown stake in FusionIQ, Inc. on June 11, 2025. Announcement • Apr 23
Siebert Financial Corp. Appoints Stefano Marrone as Chief Marketing Officer Siebert Financial Corp. has appointed Stefano Marrone as Chief Marketing Officer. Marrone will direct marketing for all divisions (including Siebert.Valor, Siebert.SPS, and Gebbia Media) to advance the firm’s mission of delivering “Financial Freedom for Everyone.” A key focus of his role will be bringing media production and financial literacy together, leveraging the unique presence of Gebbia Media within Siebert Financial. In 2024, Marrone led Siebert Financial’s successful rebrand and rolled out a modernized website as a consultant, working closely with Siebert’s leadership. That initiative drove notable brand growth and client engagement. He brings extensive experience collaborating with leading financial institutions such as J.P. Morgan, UBS Asset Management, and HSBC, as well as tech giants Google and Meta. Marrone also founded and exited a content agency, demonstrating an entrepreneurial spirit that fuels bold marketing and strategic thinking. Marrone will focus on creative campaigns, AI-driven marketing, and brand development. He aims to build innovative content solutions that increase both financial literacy and client engagement, particularly through Gebbia Media’s production capabilities. Siebert.Valor’s mission to reach veterans and military families remains key to the company. Marrone will ensure messaging and educational resources reach those audiences effectively, reflecting the firm’s broader commitment to inclusivity. Marrone sees bold leadership and unified media resources as keys to building on Siebert Financial’s legacy of innovation in finance. Announcement • Apr 02
Siebert Financial Corp. announced delayed annual 10-K filing On 04/01/2025, Siebert Financial Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: US$0.33 (vs US$0.21 in FY 2023) Full year 2024 results: EPS: US$0.33 (up from US$0.21 in FY 2023). Revenue: US$83.6m (up 17% from FY 2023). Net income: US$13.3m (up 70% from FY 2023). Profit margin: 16% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.79, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 24x in the Capital Markets industry in the US. Total returns to shareholders of 30% over the past three years. Announcement • Mar 18
Siebert Financial Corp. Announces Laura J. Richardson Joins its Advisory Board Siebert Financial Corp. announced General (Ret.) Laura J. Richardson, former Commander of U.S. Southern Command, has joined the its Advisory Board. A distinguished leader with nearly four decades of military service, General Richardson brings strategic expertise, operational leadership, and a deep understanding of global affairs, reinforcing Siebert’s commitment to expanding financial services for veterans, military personnel, and underserved communities. Most recently, General Richardson served as the 32nd Commander of U.S. Southern Command (SOUTHCOM), overseeing military operations across Central America, South America, and the Caribbean. She previously led U.S. Army North (Fifth Army) and held multiple high-ranking positions, including Deputy Commanding General of U.S. Army Forces Command, Chief of Army Legislative Liaison to Congress, and Deputy Chief of Staff for Communications for Operation Enduring Freedom. As a trailblazer in the U.S. Army, General Richardson has commanded at every level, including leading an Assault Helicopter Battalion in combat during Operation Iraqi Freedom. General Richardson joins a prestigious Siebert Advisory Board that includes influential figures from finance, sports, and entertainment, such as international recording artist Akon, NFL Pro Brandon Marshall, Wall Street executives Mick Solimene and Steven Geskos. Her addition underscores Siebert’s commitment to leveraging expertise to drive financial growth, foster strategic partnerships, and create meaningful solutions for its diverse client base. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.3m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (US$98.3m market cap). Announcement • Jan 09
Siebert Financial Corp. Appoints Randy Billhardt as Head of Capital Markets Group Siebert Financial Corp. announced the launch of its new Capital Markets Group. Randy Billhardt, a seasoned Wall Street executive with more than 30 years of experience, including leadership roles at B. Riley Financial, will lead the division as Head of Capital Markets Group. Billhardt brings a wealth of expertise and a proven track record in capital markets, making him an ideal leader to drive this transformative initiative. He has been delivering remarkable results in capital markets for more than 15 years and is an established leader and partner in unsecured notes and preferred stock issuance. Billhardt’s product expertise and execution capabilities have enabled his team to book more than 50 debt offerings, raising more than $4 billion for renowned firms such as Atlanticus, Xoma, Harrow, B&W and Alta Group. Under his leadership, the Capital Markets Group will focus on leveraging Siebert’s robust retail distribution network to deliver innovative financial products, strengthen institutional capabilities and enhance value for both clients and shareholders. Announcement • Dec 18
Siebert Financial Corp. Announces the Launch of 'Siebert. Valor' in Honor of Service Members' Financial Empowerment Siebert Financial Corp. announced the launch of Siebert. Valor, a dynamic Financial Technology initiative aimed at democratizing wealth-building for Active Duty Military, Veterans, Law Enforcement, and First responders. This initiative began with Siebert's acquisition of Guild Financial, an innovative investing and education platform dedicated to the military community. Kaj Larsen, the co-founder of Guild Financial, is set to lead the Siebert. Valor initiative, channeling his unparalleled expertise in both the military and financial sectors into innovative fintech solutions. The Siebert. Valor platform will integrate the strengths of both organizations, leveraging Siebert's robust financial expertise and Guild's innovative, transparent, and community-focused approach to investing and education. Siebert. Valor aims to make the American Dream a tangible reality for clients by offering comprehensive resources and programs designed to inform and empower those who have served country. Integrating the cutting-edge mobile trading technology of Guild into Siebert adds a new and exciting consumer-facing component to Siebert's current financial services business. Announcement • Dec 03
Siebert Appoints Greg Murphy as Senior Vice President of New Business Development Siebert Financial Corp. announced the appointment of Greg Murphy as its Senior Vice President of New Business Development. In his new role, Mr. Murphy will be responsible for helping lead Siebert’s asset growth efforts and will work with Siebert’s Media and Entertainment group. Mr. Murphy brings over 25 years of experience in financial sales and leadership, having previously held senior positions at Alliance and Bernstein, Invesco, and Franklin Templeton. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$0.096 (vs US$0.07 in 3Q 2023) Third quarter 2024 results: EPS: US$0.096 (up from US$0.07 in 3Q 2023). Revenue: US$22.5m (up 25% from 3Q 2023). Net income: US$3.83m (up 39% from 3Q 2023). Profit margin: 17% (up from 15% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Siebert Financial Corp., Annual General Meeting, Nov 01, 2024 Siebert Financial Corp., Annual General Meeting, Nov 01, 2024. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$2.26, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 21x in the Capital Markets industry in the US. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.75, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 20x in the Capital Markets industry in the US. Total loss to shareholders of 53% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.074 in 2Q 2023) Second quarter 2024 results: EPS: US$0.10 (up from US$0.074 in 2Q 2023). Revenue: US$20.8m (up 19% from 2Q 2023). Net income: US$4.04m (up 50% from 2Q 2023). Profit margin: 19% (up from 15% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Siebert Financial Corp. (NasdaqCM:SIEB) acquired Gebbia Entertainment LLC. Siebert Financial Corp. (NasdaqCM:SIEB) acquired Gebbia Entertainment LLC on August 8, 2024.The acquisition includes a business partnership with GAMMA Media and L.A. Reid LLC for the rights to The Siemens, a talented group of three sisters from Los Angeles.
Siebert Financial Corp. (NasdaqCM:SIEB) completed the acquisition of Gebbia Entertainment LLC on August 8, 2024. Announcement • Jul 15
Siebert Financial Corp. Announces Formation of Advisory Committee Siebert Financial Corp. announced the formation of a new advisory committee composed of leaders from the worlds of finance, technology, sports, and entertainment. The committee will provide strategic guidance and expertise to Siebert as it embarks on an ambitious growth strategy. The formation of the advisory committee is representative of Siebert’s efforts to combine specific industry experience with deep capital markets knowledge. The artist Akon and former NFL athlete turned media entrepreneur Brandon Marshall will join Wall Street professional Mick Solimene, Managing Director, Monroe Capital; Steven Geskos, Operating Partner, Fifth Down; entertainment entrepreneur Nick Jarjour, CEO, JarjourCo, and former Global Head of Song Management at Hipgnosis Songs Fund, becomes the advisory committee’s fifth member. Announcement • May 18
Siebert Financial Corp. announced delayed 10-Q filing On 05/16/2024, Siebert Financial Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 25
Siebert Financial Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K Siebert Financial Corp. (‘Siebert’ or the ‘Company’) announced that it has received a notice (the ‘Notice’) from the Nasdaq Stock Market (‘Nasdaq’) on April 18, 2024 notifying the Company that it is not in compliance with the periodic filing requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) (the ‘Listing Rule’) because the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the ‘2023 10-K’) was not filed with the Securities and Exchange Commission by the required due date of April 15, 2024. Based on discussions with the Company’s auditors, the Company expects to file its 2023 10-K with an unqualified audit opinion before the prescribed due date to comply with the Nasdaq Listing Rule for continued listing. The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq. Nasdaq has provided the Company with 60 calendar days, until June 17, 2024, to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date for the filing of the 2023 10-K, or October 14, 2024, to regain compliance. Announcement • Apr 23
Siebert Financial Corp. announced delayed amended 10-K filing On 04/22/2024, Siebert Financial Corp. announced that they will be unable to file their amended 10-K by the deadline required by the SEC. Announcement • Mar 30
Siebert Financial Corp. announced delayed annual 10-K filing On 03/29/2024, Siebert Financial Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Feb 21
Siebert Financial Corp., Annual General Meeting, Apr 05, 2024 Siebert Financial Corp., Annual General Meeting, Apr 05, 2024, at 13:00 US Eastern Standard Time. Agenda: To consider the election of seven directors; and to consider any other matters that are properly presented at the Annual Meeting and any adjournment thereof. Announcement • Jan 14
Siebert Financial Corp. Receives Non Compliance Letter from Nasdaq Regulation On January 5, 2024, Siebert Financial Corp. (the Company") received a letter from Nasdaq Regulation, dated January 5, 2024, notifying it that because the Company has not held an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end, it no longer complies with Nasdaq's Listing Rules (the Rules") for continued listing, including Listing Rules 5620(a). Under the Rules, the Company has 45 calendar days to submit a plan to regain compliance, and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end, or until June 28, 2024, to regain compliance. In determining whether to accept the Company's plan, Nasdaq will consider such things as the likelihood that the annual meeting can be held within the 180 day period, the Company's past compliance history, the reasons for the delayed meeting, other corporate events that may occur within Nasdaq's review period, the Company's overall financial condition and its public disclosures. As previously disclosed in the Company's Current Report on Form 8-K, filed December 20, 2023, on December 19, 2023, the Company entered into a Termination and Settlement Agreement with Kakaopay Corporation, Kakaopay Securities Corp., Muriel Siebert & Co., and certain Gebbia parties named therein, pursuant to which the parties mutually agreed to terminate the Second Tranche Stock Purchase Agreement entered into on April 27, 2023. Because the Second Tranche Stock Purchase Agreement was conditioned upon, among other things, shareholder approval of the agreement, prior to terminating the agreement, the Company postponed its Annual Meeting in anticipation of including at its next Annual Meeting a proposal relating to the Second Tranche Stock Purchase Agreement. As a result of the termination of the Second Tranche Stock Purchase Agreement, the Company is presently rescheduling in the ordinary course its Annual Meeting, which date will be provided to shareholders on further notice. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.87, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total loss to shareholders of 53% over the past three years. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.07 (vs US$0.032 in 3Q 2022) Third quarter 2023 results: EPS: US$0.07 (up from US$0.032 in 3Q 2022). Revenue: US$18.0m (up 27% from 3Q 2022). Net income: US$2.76m (up 163% from 3Q 2022). Profit margin: 15% (up from 7.4% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 20% per year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.78, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total loss to shareholders of 53% over the past three years. Reported Earnings • Aug 07
Second quarter 2023 earnings released: EPS: US$0.074 (vs US$0.022 in 2Q 2022) Second quarter 2023 results: EPS: US$0.074 (up from US$0.022 in 2Q 2022). Revenue: US$17.5m (up 51% from 2Q 2022). Net income: US$2.70m (up 280% from 2Q 2022). Profit margin: 15% (up from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$2.77, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 30x in the Capital Markets industry in the US. Total loss to shareholders of 61% over the past three years. Board Change • Jun 03
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Charles Zabatta was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: US$0.098 (vs US$0.03 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.098 (up from US$0.03 loss in 1Q 2022). Revenue: US$16.1m (up 57% from 1Q 2022). Net income: US$3.20m (up US$4.17m from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2022 earnings released: US$0.061 loss per share (vs US$0.16 profit in FY 2021) Full year 2022 results: US$0.061 loss per share (down from US$0.16 profit in FY 2021). Revenue: US$49.7m (down 26% from FY 2021). Net loss: US$1.99m (down 139% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.74, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 29x in the Capital Markets industry in the US. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.61, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.72, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 77% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: US$0.032 (vs US$0.028 in 3Q 2021) Third quarter 2022 results: EPS: US$0.032 (up from US$0.028 in 3Q 2021). Revenue: US$14.2m (down 16% from 3Q 2021). Net income: US$1.05m (up 21% from 3Q 2021). Profit margin: 7.4% (up from 5.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 18% share price gain to US$1.87, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 25x in the Capital Markets industry in the US. Total loss to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$1.42, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 25x in the Capital Markets industry in the US. Total loss to shareholders of 84% over the past three years. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: US$0.022 (vs US$0.046 in 2Q 2021) Second quarter 2022 results: EPS: US$0.022 (down from US$0.046 in 2Q 2021). Revenue: US$11.6m (down 30% from 2Q 2021). Net income: US$711.0k (down 50% from 2Q 2021). Profit margin: 6.1% (down from 8.6% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year whereas the company’s share price has fallen by 45% per year. Board Change • Aug 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Charles Zabatta was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$1.75, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 38x in the Capital Markets industry in the US. Total loss to shareholders of 83% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Charles Zabatta was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 19% share price gain to US$2.40, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 39x in the Capital Markets industry in the US. Total loss to shareholders of 79% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: US$0.16 (vs US$0.097 in FY 2020) Full year 2021 results: EPS: US$0.16 (up from US$0.097 in FY 2020). Revenue: US$67.1m (up 23% from FY 2020). Net income: US$5.06m (up 70% from FY 2020). Profit margin: 7.5% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year whereas the company’s share price has fallen by 43% per year. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$1.95, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 15x in the Capital Markets industry in the US. Total loss to shareholders of 84% over the past three years. Board Change • Nov 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Charles Zabatta was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS US$0.028 (vs US$0.019 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$17.0m (up 36% from 3Q 2020). Net income: US$870.0k (up 50% from 3Q 2020). Profit margin: 5.1% (up from 4.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS US$0.046 (vs US$0.016 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$16.7m (up 33% from 2Q 2020). Net income: US$1.43m (up 186% from 2Q 2020). Profit margin: 8.6% (up from 4.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 37% per year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$3.70, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 13x in the Capital Markets industry in the US. Total loss to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$4.23, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 14x in the Capital Markets industry in the US. Total loss to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to US$4.55, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 16x in the Capital Markets industry in the US. Total loss to shareholders of 43% over the past three years. Reported Earnings • May 19
First quarter 2021 earnings released: EPS US$0.073 (vs US$0.032 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$18.8m (up 28% from 1Q 2020). Net income: US$2.28m (up 133% from 1Q 2020). Profit margin: 12% (up from 6.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 16% share price gain to US$5.21, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 24x in the Capital Markets industry in the US. Total loss to shareholders of 32% over the past three years. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS US$0.097 (vs US$0.13 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$54.5m (up 91% from FY 2019). Net income: US$2.98m (down 18% from FY 2019). Profit margin: 5.5% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$4.67, the stock is trading at a trailing P/E ratio of 60.9x, down from the previous P/E ratio of 73x. This compares to an average P/E of 23x in the Capital Markets industry in the US. Total return to shareholders over the past three years is a loss of 39%. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 46% share price gain to US$5.87, the stock is trading at a trailing P/E ratio of 76.5x, up from the previous P/E ratio of 52.5x. This compares to an average P/E of 26x in the Capital Markets industry in the US. Total return to shareholders over the past three years is a loss of 34%. Is New 90 Day High Low • Jan 30
New 90-day high: US$8.22 The company is up 129% from its price of US$3.59 on 30 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: US$4.20 The company is up 27% from its price of US$3.32 on 18 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 19% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS US$0.019 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$12.5m (up 75% from 3Q 2019). Net income: US$581.0k (down 47% from 3Q 2019). Profit margin: 4.7% (down from 16% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 18% share price gain to US$4.06, the stock is trading at a trailing P/E ratio of 39.7x, up from the previous P/E ratio of 33.8x. This compares to an average P/E of 23x in the Capital Markets industry in the US. Total returns to shareholders over the past three years are 4.1%. Is New 90 Day High Low • Sep 26
New 90-day low: US$3.20 The company is down 37% from its price of US$5.08 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 1.0% over the same period.