Wisdomtree Investments, Inc. (WETF) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Wisdomtree Investments, Inc.
Ticker: WETF CIK: 880631

Exhibit 99.1

WisdomTree Announces First Quarter 2019 Results

$8.8 million net income, or $7.7 million net income, as adjusted

$0.05 diluted EPS for the quarter, also $0.05 as adjusted

Declares $0.03 quarterly dividend

New York, NY – (GlobeNewswire) – April 26, 2019 – WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager today reported net income of $8.8 million or $0.05 diluted EPS in the first quarter. Adjusted net income (a

non-GAAP measure¹) was $7.7 million¹ or $0.05 diluted EPS¹. This compares to net income of $9.4 million or $0.07 diluted EPS (as adjusted, $11.0 million^{1 2} or $0.08 diluted EPS¹) in the first quarter of last year and a net loss of ($11.6) million or ($0.08) diluted loss per share (as adjusted, $9.8 million^{1 2} or $0.06 diluted EPS¹) in the fourth quarter of 2018.

WisdomTree CEO and President Jonathan Steinberg said, “In the first quarter, excluding our two largest currency hedged products, we generated $1.8 billion of inflows, representing 16% annualized organic growth, more than double the growth rate of the ETF industry. This marks the second consecutive quarter of strong, diversified flows and evidence our strategic initiatives around Advisor Solutions, accessing new distribution channels and leveraging technology are positively impacting our growth. The investments we’ve made over the past few years have truly transformed our platform.”

Steinberg continued, “In 2019, WisdomTree’s focus remains on generating strong, diversified and profitable growth for our stockholders. WisdomTree is well positioned for the next wave of profitable growth.”


	Three Months Ended									Change From
	Mar. 31, 2019			Dec. 31, 2018			Mar. 31, 2018			Dec. 31, 2018			Mar. 31, 2018
Consolidated Operating Highlights ($, in billions):
AUM	$	58.9		$	54.1		$	45.0			8.9	%		31.1	%
Net inflows/(outflows)	$	0.6		$	0.2		$	(2.2	)		138.7	%		n/a
Average AUM	$	57.7		$	56.4		$	47.7			2.2	%		20.9	%
Average advisory fee		0.46	%		0.47	%		0.50	%		-0.01			-0.04

Consolidated Financial Highlights ($, in millions, except per share amounts):
Operating revenues	$	65.5		$	67.9		$	58.9			(3.5	%)		11.2	%
Net income/(loss)	$	8.8		$	(11.6	)	$	9.4			n/a			(6.4	%)
Diluted earnings/(loss) per share	$	0.05		$	(0.08	)	$	0.07			n/a		$	(0.02	)
Operating income margin		16.3	%		17.4	%		22.4	%		-1.1			-6.1
Non-GAAP¹:
Net income, as adjusted	$	7.7		$	9.8	²	$	11.0	²		(21.3	%)		(29.7	%)
Diluted earnings per share, as adjusted	$	0.05		$	0.06		$	0.08		$	(0.01	)	$	(0.03	)
Operating income margin, as adjusted		19.9	%		21.9	%		25.9	%		-2.0			-6.0

Recent Business Developments

Company News

•

In April 2019, we announced winning two 2019 ETF.com Awards: Index of the Year – The WisdomTree U.S. Multifactor Index and Best New Asset Allocation ETF – The WisdomTree 90/60 U.S. Balanced Fund (NTSX); we cross-listed five UCITS ETFs on the Bolsa de Valores de Lima (BVL) in Peru; we announced winning two 2019 Mutual Fund Industry & ETF Awards: ETF of the Year – The WisdomTree Floating Rate Treasury Fund (USFR) and ESG/Impact ETF of the Year – The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE); and we announced that Susan Cosgrove was appointed to our Board of Directors.

The following information was filed by Wisdomtree Investments, Inc. (WETF) on Friday, April 26, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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