| A-Mark Precious Metals, Inc. | |
| Type: | Public |
| Traded As: | NASDAQ: Russell Microcap Index component |
| Predecessor: | Spectrum Group International (2005-2014)(as subsidiary)[1] |
| Foundation: | 1965 2014 (as public company) |
| Founder: | Steven Markoff |
| Location: | 2121 Rosecrans Avenue, Suite 6300, El Segundo, CA 90245[2] |
| Industry: | Metals |
| Num Employees: | 218 (2021) |
| Key People: | Gregory Roberts (CEO)Thor Gjerdrum (President) |
| Owners: | Publicly held |
| Revenue: | US$7.6 billion |
| Revenue Year: | 2021 |
| Operating Income: | US$193 million (2021) |
| Net Income: | US$160 million (2021) |
| Subsid: | Collateral Finance Corporation (CFC) Goldline International JM Bullion |
A-Mark Precious Metals (founded in 1965 as A Mark Coin Company) 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 . A-Mark is traded on Nasdaq and is a Fortune 500 company as of 2021.[3]
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. In 2014, Spectrum spun off A-Mark so that it could be publicly traded. A-Mark acquired Goldline International in 2017.
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]
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]
| 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 |