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Document and Entity Information - USD ($) | 12 Months Ended | ||
---|---|---|---|
Jun. 30, 2019 | Sep. 06, 2019 | Dec. 31, 2018 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | A-Mark Precious Metals, Inc. | ||
Entity Central Index Key | 0001591588 | ||
Current Fiscal Year End Date | --06-30 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | Jun. 30, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 7,031,450 | ||
Entity Public Float | $ 53,900,591 |
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Compare this 10-K Annual 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 2019 10-K Annual Report includes:
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Secondarily, wider spreads earned by the Wholesale Trading & Ancillary segment and Direct Sales segment contributed to the higher gross margin percentage.
The decrease in selling, general and administrative expenses was primarily due to lower overall compensation (including severance) costs of $1.2 million and advertising costs of $0.7 million.
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.
Year Ended June 30, 2019 Compared to Year Ended June 30, 2018 Other expense for the year ended June 30, 2019 increased $157,000, to $157,000 from $0.0 in 2018, which was primarily related to prepayment cost associated with the extinguishment Goldline Credit Facility before its maturity date.
The Company's profit margin percentage increased by 73.4% to 0.555% from 0.320% in 2018.
The high volume, rapid rate...Read more
For the year ended June...Read more
Excluding the impact of intercompany...Read more
The increase was related primarily...Read more
Also, the Company recognizes its...Read more
Factors that could cause or...Read more
This period over period increase...Read more
When these contracts are net...Read more
Our revenues decreased primarily due...Read more
Our revenues decreased primarily due...Read more
The aggregate increase in interest...Read more
As compared to the same...Read more
The Company's gross margin percentage...Read more
In periods of higher volatility,...Read more
Overall gross profit increased primarily...Read more
Our strategy continues to focus...Read more
These limits include gross position...Read more
Our finance fees earned related...Read more
Investing activities used $14.8 million...Read more
Financing activities provided $31.4 million...Read more
We intend to promote our...Read more
Our policy is to substantially...Read more
Product supply constraints during extended...Read more
If the Company concludes that...Read more
Overall gross profit increased due...Read more
Year Ended June 30, 2019...Read more
The Company records commodity forward...Read more
The outstanding principal and unpaid...Read more
Effective March 29, 2019, through...Read more
The Company operates in a...Read more
Since we quote prices based...Read more
Year Ended June 30, 2019...Read more
Year Ended June 30, 2019...Read more
For the year ended June...Read more
The annual tax rate includes...Read more
Inventories include amounts borrowed from...Read more
For contracts that are net...Read more
The Company also continually monitors...Read more
The Company's gains (losses) on...Read more
However, the gains and losses...Read more
The operating results of our...Read more
Unallocated or pool metal represents...Read more
As of June 30, 2019...Read more
These net (losses) gains on...Read more
Year Ended June 30, 2019...Read more
Year Ended June 30, 2019...Read more
Year Ended June 30, 2019...Read more
Greater volatility typically causes the...Read more
The increase in our trading...Read more
The increase in our trading...Read more
Excluding intercompany sales from the...Read more
The premium is attributable to...Read more
If the Company concludes that...Read more
Interest Expense - Wholesale Trading...Read more
Our open sale and purchase...Read more
Included in this section is...Read more
Our working capital requirements fluctuate...Read more
Our Direct Sales Segment reported...Read more
Our Direct Sales Segment reported...Read more
As compared to the same...Read more
For this reason, the Company...Read more
We use a variety of...Read more
The following table summarizes the...Read more
When the market price of...Read more
Unlike our bullion coins, the...Read more
Year Ended June 30, 2019...Read more
Year Ended June 30, 2019...Read more
Year Ended June 30, 2019...Read more
Our effective tax rate was...Read more
Our inventories consist of, and...Read more
All subsequent written and oral...Read more
The Company also uses other...Read more
The Company also performs impairment...Read more
If through a quantitative analysis...Read more
The wholesale trading ticket volume...Read more
The Direct Sales ticket volume...Read more
The obligation is stated at...Read more
The obligation is stated at...Read more
The difference between the amount...Read more
This step requires us to...Read more
The Company's wholly-owned subsidiary, A-M...Read more
As of June 30, 2019,...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual 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-K Annual Report
Accession Number: 0001591588-19-000024
Submitted to the SEC: Fri Sep 13 2019 4:05:02 PM EST
Accepted by the SEC: Mon Sep 16 2019
Period: Sunday, June 30, 2019
Industry: Wholesale Jewelry Watches Precious Stones And Metals