A-Mark Precious Metals (founded in 1965 as A Mark Coin Company)[1] is a precious metals trading company. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of SS Gairsoppa.[1] A-Mark is traded on Nasdaq and is a Fortune 500 company as of 2021.[3]
| Company type | Public |
|---|---|
| Nasdaq: AMRK Russell Microcap Index component | |
| Industry | Metals |
| Predecessor | Spectrum Group International (2005-2014)(as subsidiary)[1] |
| Founded | 1965[2] 2014 (as public company) |
| Founder | Steven Markoff |
| Headquarters | 2121 Rosecrans Avenue, Suite 6300, El Segundo, CA 90245[2] |
Key people | Gregory Roberts (CEO) Thor Gjerdrum (President) |
| Revenue |  US$7.6 billion (2021) |
| US$193 million (2021) | |
| US$160 million (2021) | |
| Owners | Publicly held |
Number of employees |  218 (2021) |
| Subsidiaries | Collateral Finance Corporation (CFC) Goldline International JM Bullion |
| Website | www |
History
editGreg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005.[4] Thereafter, the firm changed its name to Escala Group,[5] then to Spectrum Group International Inc.[6] In 2009, it purchased the remainder of A-Mark.[1] In 2014, Spectrum spun off A-Mark so that it could be publicly traded.[1] A-Mark acquired Goldline International in 2017.[citation needed]
Corporate affairs
editShareholder structure
editAs of 2021, A-Mark stock is in held by institutional investors (43%), the general public (29%) and private companies (7%). Individual insiders hold about 21%.[7]
Financial results
editFollowing its initial public offering A-Mark has grown its revenue from US$5.9 billion in 2015 to US7.6 billion in 2021. The following list is an overview of the main financial results from recent years:[8]
| Data | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Net revenue (in million) | $6,989 | $7,606 | $4,783 | $5,416 | $7,613 |
| Gross profit (in million) | $31.33 | $29.44 | $31.96 | $66.97 | $210.20 |
References
edit- ^ a b c d e White, Ronald (6 Jul 2014). "A-Mark Precious Metals may profit from increased awareness". Los Angeles Times. Retrieved 24 June 2017.
- ^ a b "About A-Mark". A-Mark Precious Metals, Inc. Retrieved 24 June 2017.
- ^ "A-Mark Precious Metals | 2021 Fortune 500". Fortune. Retrieved 2022-04-02.
- ^ "Greg Manning Auctions Buys A-Mark". Los Angeles Times. 2005-07-19. ISSN 0458-3035. Retrieved 2019-05-21.
- ^ "UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK" (PDF). Sec. Gov.
- ^ "Spectrum Group International Inc SPGZ Board". Investors Hub. Retrieved 2019-05-21.
- ^ "What Is The Ownership Structure Like For A-Mark Precious Metals, Inc. (NASDAQ:AMRK)?". finance.yahoo.com. Retrieved 2022-04-02.
- ^ "AMRK.O - A-Mark Precious Metals Inc Financials | Reuters". www.reuters.comundefined. Retrieved 2022-04-02.[permanent dead link]
External links
edit
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