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NEW YORK, N.Y., February 24, 2009 – Broadpoint Securities Group, Inc. (NASDAQ: BPSG) reported today financial results for the fourth quarter and for the full year ended December 31, 2008, with net revenues for the fourth quarter increasing by 378% compared to the fourth quarter of 2007 and full-year net revenues increasing by 235% compared to the full-year 2007.

Broadpoint will hold a conference call this morning, February 24, 2009 at 10:00 A.M. (EST) (see Conference Call Information below) to discuss these results.

Highlights of the fourth quarter include:

$1.8 million profit for the fourth quarter is net of non-cash expense of $1.9 million for stock-based compensation, compared to an $8.3 million loss in the fourth quarter of 2007.

378% increase in net revenues to $50.6 million compared to the fourth quarter of 2007.  Revenue growth in the fourth quarter of 2008 was primarily driven by the Debt Capital Markets and Broadpoint Descap divisions.

Annualized revenue per employee for the fourth quarter was approximately $842,000.

On October 2, 2008, Broadpoint completed the acquisition of American Technology Research, which specializes in institutional equity research, sales and trading in the information technology, cleantech and aerospace and defense areas.

Total long term funding sources, consisting of stockholders’ equity, mandatory redeemable preferred stock and subordinated debt, increased to $124.1 million at December 31, 2008 from $85.2 million at year-end 2007.


The following information was filed by Gleacher Company, Inc. (GLCH) on Tuesday, February 24, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Gleacher Company, Inc.'s financial trajectory

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