earnings
confidence high
sentiment negative
materiality 0.75
Horizon Kinetics Q3 net loss of $38.2M on $59.7M deferred tax charge; revenue up 21%
Horizon Kinetics Holding Corp
2024-Q3 EPS reported
$0.92
revenue$37,977,000
- Q3 revenue $15.4M (+20.6% YoY); nine-month revenue $42.4M (+7.6% YoY).
- Q3 GAAP net loss $(38.2M) or $(2.07)/diluted share; includes $59.7M non-cash deferred tax expense.
- AUM grew to $8.3B; board declared $0.053/share dividend payable Dec 16, 2024 to holders of record Nov 25.
- Q3 operating income $1.35M; unrealized gains from proprietary funds ($20.3M) and investments ($11.3M) boosted other income.
- 2025 executive compensation approved: CEO Murray Stahl salary $410K; CFO Mark Herndon $525K; bonuses TBD.