Earnings release
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November 4 , 2021 A - MARK PRECIOUS METALS , INC . A Leader In Precious Metals Since 1965 A - Mark Precious Metals Reports Fiscal First Quarter 2022 Results EL SEGUNDO , Calif . , Nov. 04 , 2021 ( GLOBE NEWSWIRE ) -- A - Mark Precious Metals , Inc. ( NASDAQ : AMRK ) , a leading fully integrated precious metals platform , reported results for the fiscal first quarter ended September 30 , 2021 . Fiscal First Quarter 2022 Financial Highlights • Revenues for the three months ended September 30 , 2021 increased 8 % to $ 2.01 billion from $ 1.87 billion for the three months ended September 30 , 2020 and decreased 8 % from $ 2.18 billion for the three months ended June 30 , 2021 • Gross profit for the three months ended September 30 , 2021 increased 55 % to $ 56.0 million from $ 36.1 million for the three months ended September 30 , 2020 and decreased 36 % from $ 87.1 million for the three months ended June 30 , 2021 • Gross profit margin for the three months ended September 30 , 2021 increased to 2.78 % of revenue , from 1.94 % of revenue for the three months ended September 30 , 2020 , and declined from 4.00 % of revenue in the three months ended June 30 , 2021 • Net income attributable to the Company for the three months ended September 30 , 2021 totaled $ 26.0 million or $ 2.17 per diluted share , as compared to net income of $ 23.1 million or $ 3.09 per diluted share for the three months ended September 30 , 2020 , and net income of $ 51.0 million or $ 4.28 per diluted share for the three months ended June 30 , 2021 • Adjusted net income before provision for income taxes , depreciation , amortization and acquisition costs , a non - GAAP financial measure , for the three months ended September 30 , 2021 totaled $ 41.1 million , an increase of $ 10.4 million compared to $ 30.7 million for the three months ended September 30 , 2020 , and a decrease of $ 31.2 million compared to $ 72.3 million for the three months ended June 30 , 2021 • Gold ounces sold in the three months ended September 30 , 2021 decreased 7 % to 669,000 ounces from 721,000 ounces for the three months ended September 30 , 2020 , and decreased 13 % from 772,000 ounces for the three months ended June 30 , 2021 • Silver ounces sold in the three months ended September 30 , 2021 increased 16 % to 28.1 million ounces from 24.2 million ounces for the three months ended September 30 , 2020 , and decreased 21 % from 35.7 million ounces for the three months ended June 30 , 2021 As of September 30 , 2021 , the number of secured loans increased 84 % to 2,074 from 1,125 as of September 30 , 2020 , and increased 10 % from 1,881 as of June 30 , 2021