PORTLAND, Ore., March 21, 2013 (GLOBE NEWSWIRE) -- Paulson Capital Corp. (Nasdaq:PLCC), parent company of Paulson Investment Company, Inc. ("PICI"), today reported a net loss of $395,809, or ($0.07) per share for the year ended December 31, 2012 versus a net loss of $3,124,020, or ($0.54) per share for the year ended December 31, 2011. Revenues for the year ended December 31, 2012 totaled $7,724,591 compared to revenues of $15,405,567 for the prior year. The lower revenues in fiscal 2012 were largely due to a 74% decline in commissions as a result of the sale of substantially all of the Company's retail brokerage operations to JHS Capital Advisors, LLC which closed on April 16, 2012.
Paulson Capital Corp. Reports Fiscal Year 2012 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.