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2025-12-08 13:11 OTC Markets Group Reports Second Quarter 2021 Results | OTCM - OTC Markets Group Inc. | News | OTC Markets OTC Markets Group Reports Second Quarter 2021 Results Delivering Continued Strong Q2 Revenue and Earnings Growth PR Newswire NEW YORK , Aug. 4 , 2021 NEW YORK , Aug. 4 , 2021 / PRNewswire / -- Second Quarter 2021 Highlights : • • Gross revenues of $ 25.5 million for the quarter , up 49 % versus the prior year period Operating income of $ 9.1 million for the quarter , up 91 % versus the prior year period Operating profit margin of 37.0 % versus 29.2 % during the prior year period • • Net income of $ 7.1 million , up 67 % versus the prior year period , and quarterly diluted GAAP EPS of $ 0.59 , up 64 % • Total cash returned to shareholders during the quarter of $ 1.8 million in the form of dividends Announcing a 20 % increase in the quarterly dividend to $ 0.18 per share • 46 graduates to a national securities exchange during the quarter • OTCQX and OTCQB reaching key milestones during the quarter surpassing 500 and 1,000 companies , respectively , and finishing the quarter with 530 and 1,020 companies • 84 subscribers to OTC Link® ECN at June 30 , 2021 , up 20 versus June 30 , 2020 ; approximately 46,000 average daily trades during the quarter , compared to less than 9,000 during the same prior year period • Virtual Investor ConferencesⓇ business hosted 10 events during the quarter , with 171 companies participating • Ongoing implementation of Amended 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 over 11,000 U.S. and global securities , today announced its financial results for the second quarter of 2021 . " With the compliance date of Amended Rule 15c2-11 fast approaching , we remain keenly focused on successful implementation of the Rule and supporting regulatory compliance for our OTC Link ATS qualified interdealer quotation system , our broker - dealer clients and public companies , " said R. Cromwell Coulson , President and Chief Executive Officer . " The continuing growth in the number of companies joining our OTCQX and OTCQB markets and utilizing our disclosure services to disseminate current public information is a testament to our team's hard work in building a well - regulated platform for companies to be public and a mission - critical market infrastructure for broker - dealers . " " We are pleased to report continuing strong performance with revenue growth , operating margin expansion and increased earnings per share marking our 18th consecutive quarter of revenue growth , " said Antonia Georgieva , Chief Financial Officer . " All three of our businesses delivered strong results . Our Corporate Services business experienced substantial growth in issuers joining our markets and subscribing to our services . OTC Link maintained a robust level of trading activity , albeit moderating since the first quarter of 2021 , and our Market Data Licensing business continued to benefit from growth in subscribers . " Second Quarter 2021 compared to Second Quarter 2020 Financial Highlights Three Months Ended June 30 , ( in thousands , except shares and per share data ) 2021 2020 % change $ change OTC Link Market data licensing $ 7,682 $ 3,659 110 % 4,023 8,586 6,858 25 % 1,728 Corporate services 9,182 6,582 40 % 2,600 Gross revenues 25,450 17,099 49 % 8,351 Net revenues 24,704 16,393 51 % 8,311 Revenues less transaction - based expenses 22,217 15,786 41 % 6,431 Operating expenses 13,074 10,994 19 % 2,080 Income from operations 9,143 4,792 91 % 4,351 Operating profit margin 37.0 % 29.2 % Income before provision for income taxes 9,143 4,802 90 % 4,341 Net income $ 7,072 $ 4,231 67 % 2,841 Diluted earnings per share $ 0.59 $ 0.36 64 % Adjusted diluted earnings per share Weighted - average shares outstanding , diluted $ 0.86 $ 0.50 72 % 11,778,886 11,587,268 2 % • Gross revenues increased $ 8.4 million , or 49 % , to $ 25.5 million . • OTC Link revenues increased 110 % , benefiting from elevated trading volumes on our OTC Link ECN and message volumes on our OTC Link ATS . https://www.otcmarkets.com/stock/OTCM/news/OTC-Markets-Group-Reports-Second-Quarter-2021-Results?id=314839 1/4