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Document and Entity Information - shares | 6 Months Ended | |
---|---|---|
Dec. 31, 2021 | Jan. 31, 2022 | |
Cover [Abstract] | ||
Entity Registrant Name | A-Mark Precious Metals, Inc. | |
Entity Central Index Key | 0001591588 | |
Entity Tax Identification Number | 11-2464169 | |
Entity File Number | 001-36347 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Dec. 31, 2021 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 2121 Rosecrans Ave | |
Entity Address, Address Line Two | Suite 6300 | |
Entity Address, City or Town | El Segundo | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90245 | |
City Area Code | 310 | |
Local Phone Number | 587-1477 | |
Title of 12(b) Security | Common Stock, $0.01 par value | |
Trading Symbol | AMRK | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 11,409,629 | |
Document Quarterly Report | true | |
Document Transition Report | false |
Please wait while we load the requested 10-Q report or click the link below:
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Amark Precious Metals, Inc..
Amark Precious Metals, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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The overall gross profit increase was due to higher gross profits earned from the Wholesale Sales & Ancillary Services and Direct-to-Consumer segments.
The overall gross profit increase was due to higher gross profits earned from the Wholesale Sales & Ancillary Services and Direct-to-Consumer segments.
The overall gross profit increase was primarily due to wider product margins, offset by the elimination of inter-segment transactions with JMB, as discussed in the preceding Revenues section.
The overall gross profit increase was primarily due to wider product margins, offset by the elimination of inter-segment transactions with JMB, as discussed in the preceding Revenues section.
Excluding an increase of $204.9 million of forward sales that had a negligible impact to the amount of gross profit, our gross margin percentage for the three months ended December 31, 2021 increased by 277.0 basis points to 4.139% from 1.369%.
Excluding an increase of $337.4...Read more
Excluding an increase of $204.9...Read more
Excluding an increase of $337.4...Read more
The decrease in the gross...Read more
The decrease in the gross...Read more
The precious metal component of...Read more
The increase in cash provided...Read more
The Company recognizes interest and...Read more
The increase in gross margin...Read more
The increase in gross margin...Read more
This segment?s profit margin percentage...Read more
This segment?s profit margin percentage...Read more
Excluding the impact of inter-segment...Read more
Excluding the impact of inter-segment...Read more
Also, the Company recognizes its...Read more
The overall increase is primarily...Read more
As compared to the same...Read more
Factors that could cause or...Read more
The increase in interest expense...Read more
We intend to continue to...Read more
Earnings from equity method investments?...Read more
Product supply constraints during extended...Read more
When these contracts are net...Read more
The increase was due to...Read more
The increase was due to...Read more
The increase in interest expense...Read more
The increase in interest expense...Read more
The change was primarily due...Read more
The change was primarily due...Read more
The primary reason for the...Read more
The aggregate increase in interest...Read more
The aggregate increase in interest...Read more
NON-GAAP MEASURES Adjusted net income...Read more
The increase in interest income...Read more
The increase in interest income...Read more
The increase in interest income...Read more
The increase in interest income...Read more
Net cash provided by (used...Read more
Net cash (used in) provided...Read more
In periods of higher volatility,...Read more
The Company?s overall gross margin...Read more
The Company?s overall gross margin...Read more
The change was primarily due...Read more
The change was primarily due...Read more
Our strategy continues to focus...Read more
These limits include gross position...Read more
Forward sales increase revenues but...Read more
Forward sales increase revenues but...Read more
For contracts that are net...Read more
For the three months ended...Read more
For the six months ended...Read more
Our policy is to substantially...Read more
65 Six Months Ended December...Read more
If the Company concludes that...Read more
CONTRACTUAL OBLIGATIONS, CONTINGENT LIABILITIES AND...Read more
Greater volatility typically causes the...Read more
The Company records commodity forward...Read more
Earnings from equity method investments...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
The increase was mainly driven...Read more
The Company operates in a...Read more
Since we quote prices based...Read more
Interest Income ? Wholesale Sales...Read more
For a reconciliation of these...Read more
In periods of higher volatility,...Read more
Excluding inter-segment sales from the...Read more
Excluding inter-segment sales from the...Read more
Lines of Credit Effective December...Read more
Excluding an increase in forward...Read more
We have an effective universal...Read more
Inventory includes amounts borrowed from...Read more
For the three months ended...Read more
For the six months ended...Read more
The Company also continually monitors...Read more
The Company?s gains (losses) on...Read more
73 Selling, General and Administrative...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Gross Profit Three Months Ended...Read more
Six Months Ended December 31,...Read more
69 Gross Profit ? Direct-to-Consumer...Read more
Six Months Ended December 31,...Read more
However, the gains and losses...Read more
Unallocated or pool metal represents...Read more
OFF-BALANCE SHEET ARRANGEMENTS As of...Read more
The increase in our inventory...Read more
The increase in ticket volume...Read more
The increase in ticket volume...Read more
Net cash used in investing...Read more
54 Revenues Three Months Ended...Read more
If the Company concludes that...Read more
Segment Results ? Direct-to-Consumer Revenues...Read more
Our open sale and purchase...Read more
The Direct-to-Consumer ticket volume for...Read more
The Direct-to-Consumer ticket volume for...Read more
Our working capital requirements fluctuated...Read more
For the three months ended...Read more
For the six months ended...Read more
The change in interest expense...Read more
Gross profit for the three...Read more
Gross profit for the six...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
JMB?s depreciation and amortization expense...Read more
57 JMB?s depreciation and amortization...Read more
Interest Expense ? Wholesale Sales...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Three Months Ended December 31,...Read more
75 Six Months Ended December...Read more
We are focused on attracting...Read more
The increase in gross profit...Read more
The increase in gross profit...Read more
For this reason, the Company...Read more
The revenue of Goldline and...Read more
The following table summarizes the...Read more
When the market price of...Read more
For the three months ended...Read more
Unlike our bullion coins, the...Read more
The change was primarily due...Read more
The change was primarily due...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Other income, net Three Months...Read more
These net gains (losses) on...Read more
Our inventory turnover rate for...Read more
Our effective tax rate was...Read more
Our effective tax rate was...Read more
All subsequent written and oral...Read more
The decrease was mainly driven...Read more
The Company also performs impairment...Read more
If through a quantitative analysis...Read more
The Company also uses other...Read more
The obligation is stated at...Read more
The obligation is stated at...Read more
The fair market value of...Read more
This period over period decrease...Read more
Our inventory consists of, and...Read more
This step requires us to...Read more
Interest Expense ? Secured Lending...Read more
The Company's wholly-owned subsidiary AMGL...Read more
Other Income, net ? Secured...Read more
As of December 31, 2021,...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Six Months Ended December 31,...Read more
Amortization of purchased intangible assets...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Amark Precious Metals, Inc. provided additional information to their SEC Filing as exhibits
Ticker: AMRK
CIK: 1591588
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-22-000913
Submitted to the SEC: Tue Feb 08 2022 5:14:40 PM EST
Accepted by the SEC: Tue Feb 08 2022
Period: Friday, December 31, 2021
Industry: Wholesale Jewelry Watches Precious Stones And Metals