Founded in 1965, A-Mark has grown into a full service precious metals trading company offering a wide array of products and services. Our products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Our services include financing, leasing, consignment, hedging and a variety of customized financial programs. We are an official distributor for many Government Mints throughout the world including The Royal Canadian Mint, The South African Mint, The Australian (Perth) Mint and an Authorized Purchaser for the US Mint.

A-Mark makes an active two way market from our trading centers in Santa Monica, California and Vienna, Monday through Friday from 12:00 am to 5:00 pm, Pacific Time, even while many major world commodity markets are closed.

We are a leader in precious metals with the largest precious metals dealer network in North America, serving customers on six continents. Our clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks.

A-Mark Precious Metals was founded in 1965 and is headquartered in Santa Monica, US

A-Mark Precious Metals has offices in Santa Monica and Wien

Santa Monica, US (HQ)

230 429 Santa Monica Blvd

Wien, AT

94 96 Handelskai

A-Mark Precious Metals's revenue was reported to be $1.7 b in Q3, 2017

USD

## Revenue (Q3, 2017) | 1.7 b |

## Gross profit (Q3, 2017) | 7.3 m |

## Gross profit margin (Q3, 2017), % | 0% |

## Net income (Q3, 2017) | 1.3 m |

## Market capitalization (25-Jul-2017) | 105.2 m |

## Cash (31-Mar-2017) | 6.4 m |

A-Mark Precious Metals's current market capitalization is $105.2 m.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 6 b | 6.1 b | 6.8 b |

## Revenue growth, % | 2% | 12% | |

## Cost of goods sold | 6 b | 6 b | 6.7 b |

## Gross profit | 27.4 m | 24.5 m | 34.5 m |

## Gross profit Margin, % | 0% | 0% | 1% |

## General and administrative expense | (22.2 m) | ||

## Operating expense total | (22.2 m) | ||

## Interest expense | 3.9 m | 4.3 m | 6.3 m |

## Interest income | 5.6 m | 6.1 m | 8.8 m |

## Income tax expense | (5.3 m) | (2.1 m) | (6.3 m) |

## Net Income | 8.3 m | 7.1 m | 9.3 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.5 b | 1.6 b | 2 b | 1.5 b | 1.5 b | 1.8 b | 2.1 b | 1.7 b | |

## Cost of goods sold | 1.5 b | 1.6 b | 2 b | 1.5 b | 1.5 b | 1.8 b | 2.1 b | 1.7 b | |

## Gross profit | 7.2 m | 5.6 m | 14.4 m | 5.7 m | 6.9 m | 8.1 m | 9.9 m | 7.3 m | |

## Gross profit Margin, % | 0% | 0% | 1% | 0% | 0% | 0% | 0% | 0% | |

## General and administrative expense | (4.8 m) | (4.1 m) | (6.4 m) | (4.5 m) | (5.4 m) | (5.7 m) | (6.1 m) | (6 m) | |

## Operating expense total | (4.8 m) | (4.1 m) | (6.4 m) | (4.5 m) | (5.4 m) | (5.7 m) | (6.1 m) | (6 m) | |

## Interest expense | (969 k) | (1.2 m) | (1.2 m) | (1.3 m) | (1.7 m) | (2.2 m) | (2.4 m) | (2.7 m) | |

## Interest income | 1.4 m | 1.6 m | 1.9 m | 2.2 m | 2.3 m | 2.9 m | 3 m | 3.3 m | |

## Income tax expense | (1.1 m) | (177 k) | (3.3 m) | (827 k) | (894 k) | (1.1 m) | (1.6 m) | (833 k) | |

## Net Income | 1.1 m | 1.7 m | 1.7 m | 5.4 m | 1.3 m | 1.2 m | 1.9 m | 2.7 m | 1.3 m |

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 13.2 m | 20.9 m | 17.1 m |

## Accounts Receivable | 102.8 m | 30 b | 43.3 b |

## Inventories | 150.9 m | 152.1 m | 185.7 m |

## Current Assets | 295.3 m | 312.6 m | 418.3 m |

## PP&E | 1.7 m | 2.9 m | 3.5 m |

## Goodwill | 4.9 m | 4.9 m | 4.6 m |

## Total Assets | 305.1 m | 325.9 m | 437.1 m |

## Accounts Payable | 77.4 m | 68.5 m | 46.8 m |

## Total Debt | 135.2 m | 147 m | 212 m |

## Current Liabilities | 255.6 m | 269.9 m | 366.6 m |

## Total Liabilities | 373.8 m | ||

## Additional Paid-in Capital | 22.3 m | 22.5 m | 22.2 m |

## Retained Earnings | 27.1 m | 33.4 m | 41 m |

## Total Equity | 49.5 m | 56 m | 63.3 m |

## Debt to Equity Ratio | 2.7 x | 2.6 x | 3.3 x |

## Debt to Assets Ratio | 0.4 x | 0.5 x | 0.5 x |

## Financial Leverage | 6.2 x | 5.8 x | 6.9 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 4.7 m | 5.1 m | 16.2 m | 5 m | 3.4 m | 13 m | 16.8 m | 13.3 m | 6.4 m |

## Inventories | 138.6 m | 143.1 m | 138.5 m | 204.5 m | 189.3 m | 180.8 m | 179.8 m | 169.5 m | 189.1 m |

## Current Assets | 311.2 m | 362.6 m | 322.7 m | 376 m | 347.6 m | 398.7 m | 456.7 m | 509.4 m | 494.7 m |

## PP&E | 1.6 m | 1.5 m | 1.4 m | 2.8 m | 3 m | 3.3 m | |||

## Goodwill | 4.9 m | 4.9 m | 4.9 m | 4.9 m | 4.9 m | 4.9 m | 8.9 m | 8.9 m | 8.9 m |

## Total Assets | 322 m | 373.9 m | 334.1 m | 389.2 m | 363.1 m | 417.4 m | 483.5 m | 537 m | 523 m |

## Accounts Payable | 104.9 m | 80.8 m | 87.3 m | 78.5 m | 56.1 m | 42.8 m | 61.9 m | 65.8 m | 44.2 m |

## Current Liabilities | 271.3 m | 321.5 m | 280.3 m | 328.2 m | 300.7 m | 354.2 m | 405.2 m | 460.9 m | 448 m |

## Additional Paid-in Capital | 22.4 m | 22.4 m | 22.5 m | 22.5 m | 22.6 m | 22.4 m | 22.6 m | 22.8 m | 23.2 m |

## Retained Earnings | 42.5 m | 44.7 m | 45.3 m | ||||||

## Total Equity | 61 m | 62.1 m | 63 m | 68.6 m | 71.1 m | 72.2 m | |||

## Financial Leverage | 6.4 x | 5.8 x | 6.6 x | 7.1 x | 7.6 x | 7.2 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 8.3 m | 7.1 m | 9.3 m |

## Depreciation and Amortization | 1.2 m | ||

## Inventories | (13.2 m) | (15.9 m) | (53.6 m) |

## Accounts Payable | (8.6 m) | (8.9 m) | (3.9 m) |

## Cash From Operating Activities | (16.7 m) | (3.9 m) | (56.2 m) |

## Capital Expenditures | (1 m) | (1.8 m) | (1.5 m) |

## Cash From Investing Activities | (5.6 m) | (14.2 m) | (30.2 m) |

## Dividends Paid | (698 k) | (1.7 m) | |

## Cash From Financing Activities | 14 m | 25.8 m | 82.6 m |

## Income Taxes Paid | 7.7 m | 12.9 m | 149 k |

## Free Cash Flow | (15.7 m) | (2.1 m) | (57.6 m) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.1 m | 1.7 m | 1.7 m | 5.4 m | 1.3 m | 1.2 m | 1.9 m | 2.7 m | 1.3 m |

## Depreciation and Amortization | 228 k | ||||||||

## Inventories | 16.3 m | 143.1 m | 138.5 m | 204.5 m | 189.3 m | 180.8 m | 179.8 m | 169.5 m | 189.1 m |

## Accounts Payable | 27.5 m | 80.8 m | 87.3 m | 78.5 m | 56.1 m | 42.8 m | 61.9 m | 65.8 m | 44.2 m |

## Cash From Operating Activities | 5.6 m | ||||||||

## Capital Expenditures | (53 k) | ||||||||

## Cash From Investing Activities | (3 m) | ||||||||

## Cash From Financing Activities | (11.2 m) | ||||||||

## Income Taxes Paid | 2.6 m | ||||||||

## Free Cash Flow | 5.6 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 20.9 m |

## Financial Leverage | 7.2 x |