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2025-12-08 13:12 OTC Markets Group Reports First Quarter 2021 Results | OTCM - OTC Markets Group Inc. | News | OTC Markets OTC Markets Group Reports First Quarter 2021 Results Delivering Strong Q1 Revenue and Earnings Growth PR Newswire NEW YORK , May 5 , 2021 NEW YORK , May 5 , 2021 / PRNewswire / -- First Quarter 2021 Highlights : • Gross revenues of $ 26.1 million for the quarter , up 57 % versus the prior year period • Operating income of $ 8.4 million for the quarter , up 88 % versus the prior year period • Operating profit margin of 33.2 % versus 28.2 % • Net income of $ 6.8 million , up 77 % versus the prior year period , and quarterly diluted GAAP EPS of $ 0.57 , up 78 % • Total cash returned to shareholders during the quarter of $ 3.3 million , comprised of dividends of $ 1.8 million and repurchases of common stock of $ 1.5 million Announcing second quarter 2021 dividend of $ 0.15 per share ⚫ 29 graduates to a national securities exchange during the quarter • Strong growth of companies joining OTCQX and OTXQB reaching 482 and 962 at quarter end , respectively ⚫ 82 subscribers to OTC Link ECN at March 31 , 2021 , up 21 versus March 31 , 2020 ; over 70,000 average daily trades during the quarter , a ten - fold increase from less than 7,000 during the same prior year period • Virtual Investor Conferences® business hosted 7 events during the quarter , with 143 companies participating and reaching more than 21,000 investors Ongoing implementation of Amended Rule 15c2-11 , enabling our OTC Link ATS to act as a qualified interdealer quotation system ( QIDQS ) NEW YORK - May 5 , 2021 - 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 announced its financial results for the first quarter of 2021 . " As we move into 2021 , we are enthusiastic about our opportunity to scale our platform , serve our clients and create value for shareholders , " said R. Cromwell Coulson , President and Chief Executive Officer . " Our colleagues rose to the challenge and handled record breaking volumes in our OTC Link business during the first quarter , while building momentum in our Market Data Licensing and Corporate Services businesses . We remain keenly focused on our strategic initiatives , including successful implementation of amended Rule 15c2-11 , delivering improved trading solutions such as our new ATS , OTC Link NQB , and increasing the value of our public markets for issuers . " " We are pleased to report our 17 th consecutive quarter of revenue growth , " said Antonia Georgieva , Chief Financial Officer . " All three of our businesses saw a continuation of the trends from the latter part of 2020 and delivered strong revenue growth contributing to a higher operating margin , increased free cash flow and robust earnings per share growth . " First Quarter 2021 compared to First Quarter 2020 Financial Highlights Three Months Ended March 31 , ( in thousands , except shares and per share data ) 2021 2020 % change $ change OTC Link Market data licensing $ 10,282 7,899 $ 3,320 210 % 6,962 6,745 17 % 1,154 Corporate services 7,895 6,539 21 % 1,356 Gross revenues 26,076 16,604 57 % 9,472 Net revenues 25,335 15,903 59 % 9,432 Revenues less transaction - based expenses 21,796 15,465 41 % 6,331 Operating expenses 13,377 10,982 22 % 2,395 Income from operations 8,419 4,483 88 % 3,936 Operating profit margin 33.2 % 28.2 % Income before provision for income taxes 8,424 4,499 87 % 3,925 Net income $ 6,838 $ 3,855 77 % 2,983 Diluted earnings per share $ 0.57 $ 0.32 78 % Adjusted diluted earnings per share Weighted - average shares outstanding , diluted $ 0.82 $ 0.49 67 % 11,710,262 11,672,767 • Gross revenues increased $ 9.5 million , or 57 % , to $ 26.1 million . • OTC Link revenues increased 210 % , with increased trading volumes across the U.S. equity markets driving record trading volumes on our OTC Link ECN and message volumes on our OTC Link ATS . • Market Data Licensing revenues grew 17 % , with 9 % growth in professional subscribers driving a 6 % increase in related revenues . The number of non - professional users of our market data increased 138 % , reflective of the increased retail participation in the U.S. equities markets and helped drive a 138 % increase in related revenues . https://www.otcmarkets.com/stock/OTCM/news/OTC-Markets-Group-Reports-First-Quarter-2021-Results?id=301575 1/4