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A-Mark Precious Metals Inc. (AMRK) Stock Surged Following Disclosure of Stellar Financial Reports for Q4 2021

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A-Mark Precious Metals Inc. (AMRK) stock prices surged by 14.30% some time after market trading commenced on September 10th, 2021. This brought the price per share up to USD$59.48 early on in the trading day.

AMRK Stock’s Revenue Reports

Revenues for the fourth quarter of fiscal 2021 were reported at USD$2.18 billion. This represents a 31% increase from the USD$1.67 billion reported in the prior year quarter. As compared to the quarter ended March 31st 2021, Q4 2021 reported revenues in the amount of USD$2.05 billion. The year over year and quarter over quarter increases were largely driven by an increase in sales. Specifically, the total amount of gold and silver ounces sold was up substantially. The increase was consolidated by the higher selling prices of gold and silver, while being partially offset by lower forward sales. Q4 2021 results included USD$603.8 million in revenue from AMRK stock’s acquisition of JMB.

Gross Profit Breakdown

Gross profits for the fourth quarter of fiscal 2021 came out to USD$87.1 million, the highest ever recorded for the company. This represented a 211% year over year increase from the USD$28 million reported for the quarter ended June 30th 2020. As compared to the USD$68.2 million in revenue reported for the quarter ended March 31st 2021, this is a 28% year over year increase. This year over year and quarter over quarter increase was largely attributable to higher gross profits earned by the Wholesale Sales and Ancillary Services and Direct-to-Consumer segments.

SG&A Costs

Selling, general, and administrative expenses were reported at USD$25 million for the fourth quarter of fiscal 2021. This is a 144% increase from the USD$10.2 million reported in the prior year quarter. this year over year increase was largely driven by USD$12.8 million in expenses incurred by the recently acquired JMB. USD$7.7 million of this total was attributable to amortization expense. Overall increases in consulting costs came out to USD$0.5 million, while compensation expense was reported at USD$0.3 million. Insurance costs were USD$0.7 million for the quarter. Overall, 51% of the total consolidated SG&A costs for the quarter were attributable to JMB.

Future Outlook for AMRK Stock

The company reported an encouraging quarter, as evidenced by the success of its financial reports for the Q4 2021. AMRK stock is poised to capitalize on the momentum generated over the course of fiscal 2021 into the start of fiscal 2022. Current and potential investors are hopeful that management will be able to leverage the resources at their disposal. This is hoped to facilitate significant and sustained increases in shareholder value.

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