A-Mark Precious Metals

A-Mark Precious Metals (founded in 1965 as A Mark Coin Company)^[1] is a precious metals trading company. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of SS Gairsoppa.^[1] A-Mark is traded on Nasdaq and is a Fortune 500 company as of 2021.^[3]

A-Mark Precious Metals, Inc.

Company type	Public
Traded as	Nasdaq: AMRK Russell Microcap Index component
Industry	Metals
Predecessor	Spectrum Group International (2005-2014)(as subsidiary)[1]
Founded	1965[2] 2014 (as public company)
Founder	Steven Markoff
Headquarters	2121 Rosecrans Avenue, Suite 6300, El Segundo, CA 90245[2]
Key people	Gregory Roberts (CEO) Thor Gjerdrum (President)
Revenue	US$7.6 billion (2021)
Operating income	US$193 million (2021)
Net income	US$160 million (2021)
Owners	Publicly held
Number of employees	218 (2021)
Subsidiaries	Collateral Finance Corporation (CFC) Goldline International JM Bullion
Website	www.amark.com

History

Greg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005.^[4] Thereafter, the firm changed its name to Escala Group,^[5] then to Spectrum Group International Inc.^[6] In 2009, it purchased the remainder of A-Mark.^[1] In 2014, Spectrum spun off A-Mark so that it could be publicly traded.^[1] A-Mark acquired Goldline International in 2017.^{[citation needed]}

Corporate affairs

Shareholder structure

As of 2021, A-Mark stock is in held by institutional investors (43%), the general public (29%) and private companies (7%). Individual insiders hold about 21%.^[7]

Financial results

Following its initial public offering A-Mark has grown its revenue from US$5.9 billion in 2015 to US7.6 billion in 2021. The following list is an overview of the main financial results from recent years:^[8]

Data	2017	2018	2019	2020	2021
Net revenue (in million)	$6,989	$7,606	$4,783	$5,416	$7,613
Gross profit (in million)	$31.33	$29.44	$31.96	$66.97	$210.20