Siebert Reports Third Quarter 2021 Financial Results
Third Quarter 2021 Financial Highlights
-
Revenue of
, up$17.1 million 36% from the prior year period -
Pre-tax income of
, up 1,$1.1 million 095% from the prior year period -
Pre-tax margin of
6.7% , an improvement compared to0.8% in the prior year period -
Earnings per share of
increased from$0.03 in the prior year period$0.02 -
Total customer net worth of
, an improvement compared to$17.6 billion at the end of 2020$16.2 billion
“We continued to see momentum in our business strategies during the quarter, delivering
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Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release, that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the
These forward-looking statements, which reflect our management’s beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of our management. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events such as the COVID-19 pandemic and other securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting our business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans and other consequences associated with risks and uncertainties detailed in our filings with the
We caution that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact our business. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise, except to the extent required by the federal securities laws.
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Investor Relations:
949-574-3860
sieb@gatewayir.com
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