Earnings release
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February 9 , 2021 A - MARK PRECIOUS METALS , INC . ALeader In Precious Metals Since 1965 A - Mark Precious Metals Reports Fiscal Second Quarter 2021 Results EL SEGUNDO , Calif . , Feb. 09 , 2021 ( GLOBE NEWSWIRE ) --A - Mark Precious Metals , Inc. ( NASDAQ : AMRK ) , a leading full - service provider of products and services to the global precious metals market , reported results for the fiscal second quarter ended December 31 , 2020 . Fiscal Second Quarter 2021 Financial Highlights • Revenues for the three months ended December 31 , 2020 increased 44 % to $ 1.52 billion from $ 1.06 billion for the three months ended December 31 , 2019 and decreased 19 % from $ 1.87 billion for the three months ended September 30 , 2020 • Gross profit for the three months ended December 31 , 2020 increased 131 % to $ 18.8 million ( 1.24 % of revenue ) from $ 8.1 million ( 0.77 % of revenue ) for the three months ended December 31 , 2019 and decreased 48 % from $ 36.1 million ( 1.94 % of revenue ) for the three months ended September 30 , 2020 • Net income attributable to the Company for the three months ended December 31 , 2020 totaled $ 8.9 million or $ 1.16 per diluted share , as compared to net income of $ 1.2 million or $ 0.17 per diluted share for the three months ended December 31 , 2019 and net income of $ 23.1 million or $ 3.09 per diluted share for the three months ended September 30 , 2020 • Gold ounces sold in the three months ended December 31 , 2020 increased 12 % to 479,000 ounces from 428,000 ounces for the three months ended December 31 , 2019 and decreased 34 % from 721,000 ounces for the three months ended September 30 , 2020 • Silver ounces sold in the three months ended December 31 , 2020 increased 51 % to 21.2 million ounces from 14.1 million ounces for the three months ended December 31 , 2019 and decreased 12 % from 24.2 million ounces for the three months ended September 30 , 2020 • As of December 31 , 2020 , the number of secured loans decreased 65 % to 1,324 from 3,725 as of December 31 , 2019 and increased 18 % from 1,125 as of September 30 , 2020 Fiscal Second Quarter 2021 Financial Results Revenues increased 44 % to $ 1.52 billion from $ 1.06 billion in the same year - ago quarter . The increase in revenues was primarily attributable to an increase in the total amount of gold and silver ounces sold and higher average selling prices of gold and silver .