This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Direct Markets Holdings Corp. Announces 2nd Quarter 2012 Financial Results

Direct Markets Holdings Corp. (NASDAQ: MKTS) (“the Company”) announced financial results for the first half and second quarter ended June 30, 2012.

First Half 2012 Highlights:

  • Investment banking revenue of $25.8 million, compared to $42.2 million in the first half of 2011.
  • Revenue, excluding principal transactions, of $34.5 million, compared to $50.8 million in the first half of 2011.
  • Net loss of $7.0 million, or ($0.19) per diluted share.
  • 32 financing transactions were completed raising $1.2 billion in the first half of 2012, compared to 59 financing transactions raising $1.7 billion in the first half of 2011.

Second Quarter 2012 Highlights:

  • Investment banking revenue of $2.3 million, compared to $14.7 million and $23.5 million in the second quarter of 2011 and the first quarter of 2012, respectively.
  • Revenue, excluding principal transactions, of $9.3 million, compared to $21.1 million and $25.2 million in the second quarter of 2011 and the first quarter of 2012, respectively.
  • Net loss of $9.0 million, or ($0.25) per diluted share.
  • 10 financing transactions were completed, raising $0.1 billion in the second quarter of 2012, compared to 26 financing transactions raising $0.7 billion in the second quarter of 2011 and 22 financing transactions raising $1.1 billion in the first quarter of 2012.

BUSINESS HIGHLIGHTS

Investment Banking

Investment banking revenue was $2.3 million for the second quarter of 2012, which included $0.4 million related to warrants received as compensation for activities as underwriter or placement agent valued using Black-Scholes, compared to $14.7 million in investment banking revenue, which included $3.5 million related to warrants received, for the second quarter of 2011 and $23.5 million in investment banking revenue, which included $1.0 million related to warrants received, for the first quarter of 2012. Private placement and underwriting revenue for the second quarter of 2012 was $1.8 million, compared to $13.0 million for the second quarter of 2011 and $15.7 million for the first quarter of 2012. Strategic advisory fees for the second quarter of 2012 were $0.5 million, compared to $1.7 million for the second quarter of 2011 and $7.7 million for the first quarter of 2012.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs