Siebert reports Q3 EPS $0.07 vs $0.03; sends MAE notice to Kakaopay over Korean action

SIEBERT FINANCIAL CORP

Revenue $18.1M (+26% YoY), net income $2.8M (+155%), EPS $0.07 vs $0.03.
Total retail accounts 128,727; customer net worth $14.6B.
On Nov 11, Siebert notified Kakaopay of MAE due to Korean regulatory actions against Kakaopay and parent Kakao Corp.
Siebert considering termination of Second Share Purchase Agreement to issue 25.8M shares at $2.35; Kakaopay responded disagreeing.
Received approval for Fully Paid Securities Lending in Oct; moved HQ to Miami Beach.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIEBERT FINANCIAL CORP reported third quarter ended September 30, 2023 results: revenue $18.1 million, net income $2.8 million, EPS $0.07.

Period: third quarter ended September 30, 2023
Revenue: $18.1 million
Net income: $2.8 million
EPS: $0.07
Result: reported results

Exact text from the filing

Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) , a diversified provider of financial services, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights ● Revenue of $18.1 million compared to $14.3 million in the third quarter of 2022 ● Net income available to common stockholders of $2.8 million compared to $1.1 million in the third quarter of 2022 ● Earnings per share of $0.07 compared to $0.03 in the third quarter of 2022

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9 earnings releases filed in the last 30 days. Browse all earnings releases →

SIEBERT FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001213900-23-085586

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