A-Mark Precious Metals Q1 2025 Filing Details
Ticker: GOLD · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 1591588
Sentiment: neutral
Topics: 10-Q, financials, precious-metals, credit-facility
Related Tickers: AMRK
TL;DR
AMRK Q1 2025 10-Q filed. Shows financial details, credit facility info. Check for debt/revenue trends.
AI Summary
A-Mark Precious Metals, Inc. reported its Q1 2025 results for the period ending September 30, 2024. The company's financial statements indicate various assets and liabilities, including Accounts Payable and Other Payables, and highlight details about its trading credit facility. The filing also references specific dates and financial metrics relevant to its operations.
Why It Matters
This filing provides insight into A-Mark's financial health and operational status for the first quarter of fiscal year 2025, which can influence investor decisions.
Risk Assessment
Risk Level: medium — The filing contains detailed financial information, including credit facilities and liabilities, which requires careful analysis to assess the company's financial risk.
Key Numbers
- 33.3 — Accounts Payable and Other Payables (Indicates short-term obligations)
- 3 — Cost of Goods and Services Sold (Reflects direct costs of revenue generation)
Key Players & Entities
- A-Mark Precious Metals, Inc. (company) — Filer
- 2024-09-30 (date) — Conformed Period of Report
- 2024-11-08 (date) — Filed as of Date
- 310-587-1414 (phone_number) — Business Phone
- 2121 ROSECRANS AVENUE SUITE 6300 EL SEGUNDO CA 90245 (address) — Business Address
- Q1 2025 (period) — Reporting Quarter
FAQ
What is the total value of A-Mark's trading credit facility as of September 30, 2024?
The filing references a trading credit facility but does not explicitly state the total value in the provided snippet. It mentions 'srt:MaximumMember' in relation to the facility.
What were the liabilities on borrowed metals for the period July 1, 2024, to September 30, 2024?
The filing indicates 'amrk:LiabilitiesOnBorrowedMetalsMember' for the period July 1, 2024, to September 30, 2024, but the specific dollar amount is not provided in this snippet.
What was the interest income from finance products for the quarter ending September 30, 2024?
The filing mentions 'amrk:InterestIncomefromFinanceProductsMember' for the period July 1, 2024, to September 30, 2024, but the specific amount is not detailed in this extract.
What is the company's fiscal year end date?
The company's fiscal year ends on June 30.
When was Silver Towne Mint acquired or referenced?
Silver Towne Mint is referenced with a date of 2016-08-31.
Filing Stats: 4,305 words · 17 min read · ~14 pages · Grade level 13.2 · Accepted 2024-11-08 15:48:55
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMRK NASDAQ Global Select
Filing Documents
- amrk-20240930.htm (10-Q) — 4963KB
- amrk-ex31_1.htm (EX-31.1) — 17KB
- amrk-ex31_2.htm (EX-31.2) — 17KB
- amrk-ex32_1.htm (EX-32.1) — 10KB
- amrk-ex32_2.htm (EX-32.2) — 10KB
- img205908110_0.jpg (GRAPHIC) — 150KB
- 0000950170-24-124015.txt ( ) — 20561KB
- amrk-20240930.xsd (EX-101.SCH) — 2528KB
- amrk-20240930_htm.xml (XML) — 4392KB
Financial Statements
Financial Statements 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 44 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 69 Item 4.
Controls and Procedures
Controls and Procedures 70 PART II OTHER INFORMATION 71 Item 1.
Legal Proceedings
Legal Proceedings 71 Item 1A.
Risk Factors
Risk Factors 71 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 86 Item 3. Defaults Upon Senior Securities 86 Item 4. Mine Safety Disclosures 86 Item 5. Other Information 86 Item 6. Exhibits and Financial Statement Schedules 87
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Index to the Condensed Consolidated Financial Statements and Notes thereof Page Condensed Consolidated Balance Sheets as of September 30, 2024 and June 30, 2024 4 Condensed Consolidated Statements of Income for the Three Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2024 and 2023 7 Notes to the Condensed Consolidated Financial Statements 8 Note 1. Description of Business 8 Note 2. Summary of Significant Accounting Policies 9 Note 3. Assets and Liabilities, at Fair Value 20 Note 4. Receivables, Net 22 Note 5. Secured Loans Receivable 23 Note 6. Inventories 24 Note 7. Leases 26 Note 8. Property, Plant, and Equipment 26 Note 9. Goodwill and Intangible Assets 27 Note 10. Long-Term Investments 28 Note 11. Accounts Payable and Other Current Liabilities 28 Note 12. Derivative Instruments and Hedging Transactions 28 Note 13. Income Taxes 32 Note 14. Related Party Transactions 33 Note 15. Financing Agreements 35 Note 16. Commitments and Contingencies 36 Note 17. Stockholders' Equity 37 Note 18. Customer and Supplier Concentrations 40 Note 19. Segments and Geographic Information 40 Note 20. Subsequent Events 43 3 A-MARK PRECIOUS METALS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED B ALANCE SHEETS (in thousands, except for share data) September 30, 2024 June 30, 2024 (unaudited) ASSETS Current assets Cash $ 46,924 $ 48,636 Receivables, net 71,831 36,596 Derivative assets 108,721 114,720 Secured loans receivable 101,887 113,067 Precious metals held under financing arrangements 27,354 22,066 Inventories: Inventories 735,555 579,400 Restricted inventories 541,744 517,744 1,277,299 1,