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2025-12-08 13:13 OTC Markets Group Reports Fourth Quarter and Full Year 2020 Results | OTCM - OTC Markets Group Inc. | News | OTC Markets OTC Markets Group Reports Fourth Quarter and Full Year 2020 Results Delivers Continued Revenue and Earnings Growth PR Newswire NEW YORK , March 17 , 2021 NEW YORK , March 17 , 2021 / PRNewswire / -- Fourth Quarter and Full Year 2020 Highlights : • The COVID - 19 pandemic did not adversely affect our financial results during 2020 , and each of our three business lines grew revenue • Gross revenues of $ 71.2 million for the year , up 13 % versus 2019 ⋅ Operating income of $ 21.4 million for the year , up 20 % versus 2019 Net income of $ 18.3 million for the year , up 22 % versus 2019 , driving a 22 % increase in GAAP diluted EPS to $ 1.53 • Fourth quarter gross revenues of $ 19.8 million , up 23 % versus the prior year quarter , and operating income of $ 6.7 million , up 42 % versus the prior year quarter • Operating profit margin of 31.3 % for the year and 35.0 % for the quarter ( versus 29.6 % and 30.5 % , respectively , for 2019 ) • Total cash returned to shareholders during 2020 of $ 18.1 million , comprised of dividends of $ 14.6 million and repurchases of common shares of $ 3.5 million , up 14 % versus 2019 • Announcing first quarter 2021 dividend of $ 0.15 per share • 66 graduates to a national securities exchange during 2020 ⚫ 73 subscribers to OTC Link ECN as of year - end 2020 , up 20 versus 2019 ; approximately 11,500 average daily trades during 2020 , versus approximately 3,400 during 2019 • Virtual Investor Conferences® business hosted 27 events during 2020 , with 387 companies participating and reaching more than 21 thousand investors • Publication of final rule amending Securities Exchange Act Rule 15c2-11 , enabling our OTC Link ATS to act as a qualified interdealer quotation system ( QIDQS ) OTC Markets Group Inc. ( OTCQX : OTCM ) , operator of the OTCQX® Best Market , the OTCQB® Venture Market , and the Pink® Open Market for 11,000 U.S. and global securities , today released its financial results for the fourth quarter and fiscal year 2020 . " We exited 2020 , an unprecedented year , with strong results . Our ability to thrive in a time of global uncertainty leaves us well - positioned to serve clients , grow organically and seize new business opportunities , " said R. Cromwell Coulson , President and Chief Executive Officer . " As we progress throughout 2021 , we are guided by our strategic initiatives , including successful implementation of amended Rule 15c2-11 , delivering reliable and efficient trading systems and supporting the diverse array of issuers on our public markets . " " Our business delivered strong results despite the challenging macroeconomic conditions . We are pleased to report strong overall year - over- year growth of 13 % in top line revenues and 20 % in operating income , " said Antonia Georgieva , Chief Financial Officer . " Our OTC Link business benefited from an active equities market environment and growth in its subscriber base . In our Market Data Licensing business , the impact of price increases combined with a significant increase in the number of users , drove robust growth . Our Corporate Services business experienced a strong rebound in sales in the second half of the year and delivered year - over - year revenue growth despite facing significant headwinds in the early part of 2020. " Fourth Quarter 2020 compared to Fourth Quarter 2019 Quarter Ended December 31 , ( in thousands , except shares and per share data ) 2020 2019 % change $ change OTC Link $ 5,095 $ 2,946 73 % 2,149 Market data licensing 7,358 6,214 18 % 1,144 Corporate services 7,325 6,898 6 % 427 Gross Revenues 19,778 16,058 23 % 3,720 Net revenues 19,064 15,433 24 % 3,631 Revenues less transaction - based expenses 17,702 15,219 16 % 2,483 Operating expenses 11,021 10,510 5 % 511 Income from operations 6,681 4,709 42 % 1,972 Operating profit margin 35.0 % 30.5 % Income before provision for income taxes 6,662 4,726 41 % 1,936 Net income $ 5,728 $ 3,808 50 % 1,920 $ 0.48 $ 0.32 51 % $ 0.66 $ 0.48 37 % 11,661,096 11,725,557 ( 1 % ) Diluted earnings per share Adjusted diluted earnings per share Weighted - average shares outstanding , diluted Fourth Quarter 2020 Financial Highlights • Gross revenues of $ 19.8 million , up 23 % over the prior year quarter . • OTC Link revenues up 73 % , with increased trading volumes across U.S. equity markets and the impact of additional subscribers driving a 429 % increase in transactional revenues on our OTC Link ECN . https://www.otcmarkets.com/stock/OTCM/news/OTC-Markets-Group-Reports-Fourth-Quarter-and-Full-Year-2020-Results?id=294164 1/5