A-Mark Precious Metals

A-Mark Precious Metals (founded in 1965 as A Mark Coin Company)[1] is a precious metals trading company. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of SS Gairsoppa.[1] A-Mark is traded on Nasdaq and is a Fortune 500 company as of 2021.[3]

A-Mark Precious Metals, Inc.
TypePublic
Nasdaq: AMRK
Russell Microcap Index component
IndustryMetals
PredecessorSpectrum Group International (2005-2014)(as subsidiary)[1]
Founded1965[2]
2014 (as public company)
FounderSteven Markoff
Headquarters2121 Rosecrans Avenue, Suite 6300, El Segundo, CA 90245[2]
Key people
Gregory Roberts (CEO) Thor Gjerdrum (President)
RevenueIncrease US$7.6 billion (2021)
Increase US$193 million (2021)
Increase US$160 million (2021)
OwnersPublicly held
Number of employees
Steady 218 (2021)
SubsidiariesCollateral Finance Corporation (CFC)
Goldline International
JM Bullion
Websitewww.amark.com

History

Greg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005.[4] Thereafter, the firm changed its name to Escala Group,[5] then to Spectrum Group International Inc.[6] In 2009, it purchased the remainder of A-Mark.[1] In 2014, Spectrum spun off A-Mark so that it could be publicly traded.[1] A-Mark acquired Goldline International in 2017.

Corporate affairs

Shareholder structure

As of 2021, A-Mark stock is in held by institutional investors (43%), the general public (29%) and private companies (7%). Individual insiders hold about 21%.[7]

Financial results

Following its initial public offering A-Mark has grown its revenue from US$5.9 billion in 2015 to US7.6 billion in 2021. The following list is an overview of the main financial results from recent years:[8]

Data 2017 2018 2019 2020 2021
Net revenue (in million) $6,989 $7,606 $4,783 $5,416 $7,613
Gross profit (in million) $31.33 $29.44 $31.96 $66.97 $210.20

References
  1. White, Ronald (6 Jul 2014). "A-Mark Precious Metals may profit from increased awareness". Los Angeles Times. Retrieved 24 June 2017.
  2. "About A-Mark". A-Mark Precious Metals, Inc. Retrieved 24 June 2017.
  3. "A-Mark Precious Metals | 2021 Fortune 500". Fortune. Retrieved 2022-04-02.
  4. "Greg Manning Auctions Buys A-Mark". Los Angeles Times. 2005-07-19. ISSN 0458-3035. Retrieved 2019-05-21.
  5. "UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK" (PDF). Sec. Gov.
  6. "Spectrum Group International Inc SPGZ Board". Investors Hub. Retrieved 2019-05-21.
  7. "What Is The Ownership Structure Like For A-Mark Precious Metals, Inc. (NASDAQ:AMRK)?". finance.yahoo.com. Retrieved 2022-04-02.
  8. "AMRK.O - A-Mark Precious Metals Inc Financials | Reuters". www.reuters.comundefined. Retrieved 2022-04-02.


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