Amark Precious Metals, Inc. (AMRK) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

10-Q Quarterly Report Summary
10-Q Quarterly Report
10-Q QoQ Changes
Amark Precious Metals, Inc.
Ticker: AMRK CIK: 1591588

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 06, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	A-Mark Precious Metals, Inc.
Entity Central Index Key	0001591588
Trading Symbol	AMRK
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		7,031,450

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Inside Amark Precious Metals, Inc.'s 10-Q Quarterly Report:

Revenue - Product Highlight
Excluding the impact of intercompany sales from the Direct Sales segment to the Wholesale Trading & Ancillary Services segment, the Direct Sales segment's gross profit margin percentage increased by 32.1% to 11.660% from 8.830% in 2018.

Financial - Dividend Highlight
In fiscal 2016, the Board of Directors modified the policy by increasing the quarterly cash dividend to $0.07 per common share, and in fiscal 2017 the quarterly cash dividend was increased to $0.08 per common share.
Financial - Expense Highlight
As compared to the same year-ago period, the following interest expense components increased by: (i) $1.1 million, related to our long-term notes payable (including debt amortization costs) that was issued in first quarter of fiscal year 2019 and (ii) $0.1 million, related to our liability on borrowed metals, partially offset by (iii) $(0.2) million related to product financing arrangements and (iv) $(0.2) million related to the Goldline Credit Facility.
Revenue - Product Highlight
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.
Financial - Earnings Highlight
Overall gross profit increased primarily due to improved gross profits that were primarily due to improved sales volumes; primarily offset by lower trading profits.
Financial - Earnings
Overall gross profit increased primarily...Read more
Financial - Expense
As compared to the same...Read more
Financial - Expense
The decrease in selling, general...Read more
Financial - Expense
The decrease in selling, general...Read more
Financial - Earnings
The Company?s profit margin percentage...Read more
Financial - Earnings
The Company?s profit margin percentage...Read more
Financial - Earnings
The Company?s profit margin percentage...Read more
Financial - Earnings
For the nine months ended...Read more
Revenue - Product
The high volume, rapid rate...Read more
Financial - Income
Other finance product income was...Read more
Other - Other
Factors that could cause or...Read more
Revenue - Product
When these contracts are net...Read more
Revenue - Product
Our revenues decreased primarily due...Read more
Revenue - Product
Our revenues decreased primarily due...Read more
Other - Other
Typically, these forward contracts are...Read more
Other - Other
Operating activities provided $20.4 million...Read more
Other - Other
Investing activities used $5.7 million...Read more
Other - Other
Financing activities used $16.2 million...Read more
Financial - Earnings
The Company?s gross margin percentage...Read more
Financial - Earnings
The Company?s gross margin percentage...Read more
Revenue - Product
In periods of higher volatility,...Read more
Other - Other
The outstanding principal and unpaid...Read more
Financial - Earnings
Overall gross profit increased primarily...Read more
Financial - Income
The aggregate increase in interest...Read more
Revenue - Product
These limits include gross position...Read more
Other - Other
Our finance fees earned related...Read more
Revenue - Geography
We intend to promote our...Read more
Other - Other
Our policy is to substantially...Read more
Financial - Earnings
Product supply constraints during extended...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Other - Other
If the Company concludes that...Read more
Financial - Earnings
Overall gross profit increased due...Read more
Other - Other
The Company records commodity forward...Read more
Revenue - Product
Our strategy continues to focus...Read more
Revenue - Product
The decrease in our inventory...Read more
Revenue - Product
The decrease in our inventory...Read more
Other - Other
Effective March 29, 2019, through...Read more
Revenue - Product
The Company operates in a...Read more
Other - Other
Since we quote prices based...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Financial - Expense
The increase was related primarily...Read more
Financial - Expense
The increase was related primarily...Read more
Other - Other
The annual tax rate includes...Read more
Financial - Debt
This period over period increase...Read more
Revenue - Product
Excluding intercompany sales from the...Read more
Revenue - Product
Excluding intercompany sales from the...Read more
Revenue - Product
Our revenues decreased primarily due...Read more
Revenue - Product
Our revenues decreased primarily due...Read more
Other - Other
Inventories include amounts borrowed from...Read more
Financial - Expense
For contracts that are net...Read more
Financial - Expense
The Company also continually monitors...Read more
Revenue - Product
The Company?s gains (losses) on...Read more
Financial - Earnings
Three Months Ended March 31,...Read more
Financial - Earnings
Nine Months Ended March 31,...Read more
Financial - Earnings
Three Months Ended March 31,...Read more
Financial - Earnings
Nine Months Ended March 31,...Read more
Financial - Earnings
Three Months Ended March 31,...Read more
Financial - Earnings
Nine Months Ended March 31,...Read more
M & A - Other
The Company also anticipated that...Read more
Other - Other
However, the gains and losses...Read more
Other - Other
Unallocated or pool metal represents...Read more
Revenue - Product
As of March 31, 2019...Read more
Financial - Earnings
Greater volatility typically causes the...Read more
Revenue - Product
The increase in our trading...Read more
Revenue - Product
The increase in our trading...Read more
Revenue - Product
The increase in our trading...Read more
Revenue - Product
The increase in our trading...Read more
Revenue - Product
The premium is attributable to...Read more
M & A - Other
The identifiable assets acquired, liabilities...Read more
Other - Other
If the Company concludes that...Read more
Revenue - Product
Our open sale and purchase...Read more
Financial - Debt
Included in the discussion of...Read more
Revenue - Product
The wholesale trading ticket volume...Read more
Revenue - Product
The wholesale trading ticket volume...Read more
Revenue - Product
The Direct Sales segment ticket...Read more
Revenue - Product
The Direct Sales segment ticket...Read more
Other - Other
Our working capital requirements fluctuate...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Revenue - Product
Our Direct Sales Segment reported...Read more
Revenue - Product
Our Direct Sales Segment reported...Read more
Other - Other
The lower effective tax rate,...Read more
Other - Other
The lower effective tax rate,...Read more
Other - Other
We use a variety of...Read more
Revenue - Product
The following table summarizes the...Read more
Revenue - Product
Unlike our bullion coins, the...Read more
Financial - Expense
As compared to the same...Read more
Financial - Expense
As compared to the same...Read more
M & A - Other
As of March 31, 2019,...Read more
M & A - Other
This period over period increase...Read more
Other - Other
Our effective tax rate was...Read more
Other - Other
Our effective tax rate was...Read more
Other - Other
Our inventories consist of, and...Read more
Other - Other
All subsequent written and oral...Read more
Other - Other
The Company also performs impairment...Read more
Other - Other
If through a quantitative analysis...Read more
Revenue - Product
These net gains (losses) on...Read more
Other - Other
The obligation is stated at...Read more
Other - Other
The obligation is stated at...Read more
Other - Other
The difference between the amount...Read more
Other - Other
This step requires us to...Read more
Other - Other
The Company's wholly-owned subsidiary, A-M...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Financial - Expense
Three Months Ended March 31,...Read more
Financial - Expense
Nine Months Ended March 31,...Read more
Other - Other
The number of secured loans...Read more
Other - Other
The number of secured loans...Read more
Other - Other
The number of secured loans...Read more
Other - Other
The number of secured loans...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Vie)
Condensed Consolidated Balance Sheets (Vie) (Parenthetical)
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statement Of Stockholders' Equity
Condensed Consolidated Statements Of Cash Flows
Description Of Business
Summary Of Significant Accounting Policies
Assets And Liabilities, At Fair Value
Receivables
Secured Loans Receivable
Inventories
Plant, Property And Equipment
Goodwill And Intangible Assets
Long-Term Investments
Accounts Payable
Derivative Instrument And Hedging Transactions
Income Taxes
Related Party Transactions
Financing Agreements
Commitments And Contingencies
Stockholders' Equity
Customer And Supplier Concentrations
Segment And Geographic Information
Subsequent Events
Summary Of Significant Accounting Policies (Policies)
Description Of Business (Tables)
Summary Of Significant Accounting Policies (Tables)
Assets And Liabilities, At Fair Value (Tables)
Receivables (Tables)
Secured Loans Receivable (Tables)
Inventories (Tables)
Plant, Property And Equipment (Tables)
Goodwill And Intangible Assets (Tables)
Long-Term Investments (Tables)
Accounts Payable (Tables)
Derivative Instruments And Hedging Transactions (Tables)
Income Taxes (Tables)
Related Party Transactions (Tables)
Stockholders' Equity (Tables)
Customer And Supplier Concentrations (Tables)
Segment And Geographic Information (Tables)
Description Of Business - Narrative (Details)
Description Of Business - Pro-Forma Information (Details)
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Contingent Consideration) (Details)
Summary Of Significant Accounting Policies (Earnings Per Share) (Details)
Assets And Liabilities, At Fair Value (Fair Value Of Financial Instruments) (Details)
Assets And Liabilities, At Fair Value (Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details)
Assets And Liabilities, At Fair Value (Narrative) (Details)
Receivables (Details)
Secured Loans Receivable (Summary Of Carrying-Value Of Secured Loans) (Details)
Secured Loans Receivable (Narrative) (Details)
Secured Loans Receivable (Loans Receivable And Credit Quality Indicators) (Details)
Inventories (Summary Of Inventories) (Details)
Inventories (Narrative) (Details)
Plant, Property And Equipment (Summary Of Ppe) (Details)
Goodwill And Intangible Assets (Narrative) (Details)
Goodwill And Intangible Assets (Intangible Assets) (Details)
Goodwill And Intangible Assets (Future Amortization Expense) (Details)
Long-Term Investments (Details)
Accounts Payable (Details)
Derivative Instruments And Hedging Transactions (Offsetting Assets And Liabilities) (Details)
Derivative Instruments And Hedging Transactions (Realized Gain (Loss)) (Details)
Derivative Instruments And Hedging Transactions (Hedging Of Precious Metals Inventory) (Details)
Derivative Instruments And Hedging Transactions (Outstanding Commitments) (Details)
Derivative Instruments And Hedging Transactions (Exchange Rate Management) (Details)
Income Taxes (Income Before Income Tax Provision) (Details)
Income Taxes (Components Of Income Tax Expense (Benefit) (Details)
Income Taxes (Reconciliation) (Details)
Income Taxes (Narrative) (Details)
Related Party Transactions (Details)
Financing Agreements (Details)
Financing Agreements (Subordinate Debt Financing) (Details)
Financing Agreements (Note Payable) (Details)
Stockholders' Equity (Narrative) (Details)
Stockholders' Equity (Option Activity Rollforward) (Details)
Stockholders' Equity (Options Outstanding, Range Of Exercise Prices And Other Details) (Details)
Customer And Supplier Concentrations - Summary Of Customer And Supplier Concentration Of Revenue (Details)
Customer And Supplier Concentrations - Summary Of Customer And Supplier Concentration Of Accounts Receivable (Details)
Segment And Geographic Information (Details)

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: 0001591588-19-000014
Submitted to the SEC: Fri May 10 2019 8:06:00 AM EST
Accepted by the SEC: Fri May 10 2019
Period: Sunday, March 31, 2019
Industry: Wholesale Jewelry Watches Precious Stones And Metals