Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1591588/000156459021055022/amrk-10q_20210930.htm
February 2023
November 2022
October 2022
May 2022
December 2021
December 2021
November 2021
July 2021
March 2021
March 2021
Document and Entity Information - shares | 3 Months Ended | |
---|---|---|
Sep. 30, 2021 | Oct. 28, 2021 | |
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 | Sep. 30, 2021 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
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 | 11,352,110 | |
Document Quarterly Report | true | |
Document Transition Report | false |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1591588/000156459021055022/amrk-10q_20210930.htm
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 2021 10-K Annual Report includes:
Rating
Learn More![]()
The decrease in the profit margin percentage was mainly driven by the addition of JMB which has lower Direct-to-Consumer margins, partially offset by improved gross profit percentages at Goldline and PMPP.
The precious metal component of the inventory may be hedged through the use of precious metal commodity positions, while the premium component of our inventory is not a commodity that may be hedged.
The overall gross profit increase was due to higher gross profits earned from the Direct-to-Consumer segment.
The Company recognizes interest and penalties related to certain uncertain tax positions as a component of income tax expense and the accrued interest and penalties are included in deferred and income taxes payable in the Company's condensed consolidated balance sheets.
Forward sales increase revenues but are associated with negligible gross margins.
This segment's profit margin percentage...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
We intend to continue to...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 in interest expense...Read more
The aggregate increase in interest...Read more
The increase in interest income...Read more
The increase in interest income...Read more
In periods of higher volatility,...Read more
The Company's overall gross margin...Read more
Our strategy continues to focus...Read more
These limits include gross position...Read more
For contracts that are net...Read more
For the three months ended...Read more
The decrease in cash used...Read more
Our policy is to substantially...Read more
If the Company concludes that...Read more
The increase in gross margin...Read more
Earnings from equity method investments...Read more
Earnings from equity method investments...Read more
Greater volatility typically causes the...Read more
The Company records commodity forward...Read more
Interest expense for the three...Read more
In our reconciliation from our...Read more
Effective March 26, 2021, through...Read more
The Company operates in a...Read more
Since we quote prices based...Read more
The overall gross profit decrease...Read more
The change was primarily due...Read more
The use of intangible assets...Read more
The current year ticket volume...Read more
Excluding an increase in forward...Read more
In periods of higher volatility,...Read more
Excluding inter-segment sales from the...Read more
We have an effective universal...Read more
Inventory includes amounts borrowed from...Read more
For the three months ended...Read more
The Company also continually monitors...Read more
The Company's gains (losses) on...Read more
The change was primarily due...Read more
Selling, general and administrative expenses...Read more
Selling, general and administrative expenses...Read more
Selling, general and administrative expenses...Read more
Selling, general, and administrative expenses...Read more
However, the gains and losses...Read more
Unallocated or pool metal represents...Read more
Depreciation and amortization expense for...Read more
Depreciation and amortization expense for...Read more
The increase was mainly driven...Read more
As of September 30, 2021...Read more
The increase in ticket volume...Read more
If the Company concludes that...Read more
Our open sale and purchase...Read more
Revenues for the three months...Read more
Revenues for the three months...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
The change in interest expense...Read more
Gross profit for the three...Read more
The Wholesale Sales & Ancillary...Read more
Gross profit for the three...Read more
JMB's depreciation and amortization expense...Read more
We are focused on attracting...Read more
The increase in gross profit...Read more
For this reason, the Company...Read more
We use a variety of...Read more
The overall decrease in revenue...Read more
The following table summarizes the...Read more
When the market price of...Read more
Unlike our bullion coins, the...Read more
The change was primarily due...Read more
Interest expense for the three...Read more
Interest expense for the three...Read more
Interest expense for the three...Read more
These net gains (losses) on...Read more
Our effective tax rate was...Read more
All subsequent written and oral...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
Our inventory consists of, and...Read more
This step requires us to...Read more
The Company's wholly-owned subsidiary AMGL...Read more
Other income, net for the...Read more
Other income, net for the...Read more
As of September 30, 2021,...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: 0001564590-21-055022
Submitted to the SEC: Fri Nov 05 2021 9:54:17 PM EST
Accepted by the SEC: Mon Nov 08 2021
Period: Thursday, September 30, 2021
Industry: Wholesale Jewelry Watches Precious Stones And Metals