Please wait while we load the requested 10-K report or click the link below:
WisdomTree Announces Fourth Quarter and Year End 2014 Results
$0.07 diluted net income EPS for the quarter and $0.44 for the year
$4.5 billion fourth quarter inflows and $5.1 billion for the year
Declares $0.08 quarterly dividend
New York, NY (GlobeNewswire) February 6, 2015 WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager today reported net income of $9.6 million or $0.07 per diluted EPS in the fourth quarter. Pre-tax income was $16.7 million in the fourth quarter, an increase of 1.2% from the fourth quarter of 2013 and down 17.7% from the third quarter of 2014. Included in the quarter was a loss of $1.9 million, or $0.01 per diluted EPS, associated with the Companys European listed ETP business, which was acquired in April 2014. Pre-tax income is comparable to previous periods since the Company did not record income tax expense prior to 2014.
For the year, net income was $61.1 million or $0.44 per diluted EPS. Pre-tax income was $73.5 million, an increase of 42.7% from the prior year. Excluding the results of our European listed ETP business, pre-tax income increased 52.6% from the prior year.
WisdomTree CEO and President Jonathan Steinberg said,
Before discussing our strong fourth quarter and year of accomplishments, Id first like to comment on WisdomTrees larger opportunity. The success of the $2 trillion ETF market is undeniable. Through greater investor education and awareness we are confident its growth will continue. Dont be distracted by old debates like passive versus active, or new terminology like smart beta and liquid alts. The simple truth is that the ETF structure is just that, a structure by which you can access numerous asset classes and strategies. But it is a structure with the characteristics central to a positive investing experience: transparency, liquidity and tax efficiency. It is a matter of fact, not opinion, that ETFs are more competitive than traditional investment products in these crucial respects. The industrys record $239 billion in 2014 annual inflows proves these truths are becoming more widely recognized every day.
WisdomTrees $4.5 billion of net inflows in the fourth quarter, followed by another $4.6 billion year-to-date, demonstrate our momentum. WisdomTrees accomplishments throughout 2014 including the seamless back-office transition to State Street, the efficient acquisition and rollout of local products in Europe, additions to our U.S. product set and staff, and the implementation of a dividend and stock buyback to our capital management program demonstrate our execution and growing resources.
In the fourth quarter we reported record revenues of $49.6 million and a strong balance sheet with cash and investments of $179 million. Our growing scale, cash flow and overall resources will allow us to exploit the tremendous opportunities we see ahead.
The following information was filed by Wisdomtree Investments, Inc. (WETF) on Friday, February 6, 2015 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 Wisdomtree Investments, Inc.'s financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Wisdomtree Investments, Inc..