Last $1.97 USD
Change Today -0.02 / -1.01%
Volume 1.1K
IFMI On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

institutional financial mark (IFMI) Key Developments

Institutional Financial Markets Announces Resignation of Daniel Cohen, President and CEO of European Operations and Vice Chairman of Board

Institutional Financial Markets Inc. announced that it has agreed to sell its European operations to C&Co Europe Acquisition LLC for approximately $8.7 million. The operations will be sold to an entity controlled by Daniel Cohen, president and CEO of Institutional Financial Markets' European operations and vice Chairman of Institutional Financial Markets board. Upon closing of the transaction, Cohen will resign from Institutional Financial Markets.

Institutional Financial Markets, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment of Goodwill; Declares Dividend Payable on August 29, 2014

Institutional Financial Markets, Inc. reported earnings results for the second quarter and six months ended June 30, 2014. Adjusted operating income was $2.0 million, or $0.10 per diluted share, for the three months ended June 30, 2014, compared to adjusted operating loss of $0.7 million, or $0.03 per diluted share, for the three months ended March 31, 2014 and adjusted operating loss of $5.1 million, or $0.30 per diluted share, for the three months ended June 30, 2013. Revenue was $14.2 million, compared to revenue of $13.2 million for the three months ended March 31, 2014 and revenue of $13.7 million for the three months ended June 30, 2013. Net loss was $2.9 million, or $0.14 per diluted share, for the three months ended June 30, 2014, compared to net loss of $2.8 million, or $0.14 per diluted share, for the three months ended March 31, 2014 and net loss of $6.9 million, or $0.40 per diluted share, for the three months ended June 30, 2013. Operating loss was $1.660 million against $5.89 million a year ago. Adjusted operating income was $1.3 million, or $0.06 per diluted share, for the six months ended June 30, 2014, compared to adjusted operating loss of $10.7 million, or $0.64 per diluted share, for the six months ended June 30, 2013. Revenue was $27.4 million for the six months ended June 30, 2014, compared to revenue of $27.8 million for the six months ended June 30, 2013. The quarterly increases were primarily the result of higher new issue and advisory revenue in the current period, as well as the absence of mark-to-market losses on the company's former investment in Star Asia, which was sold in February 2014 and represented a significant source of volatility in past financial results. Net loss was $5.7 million, or $0.28 per diluted share, for the six months ended June 30, 2014, compared to net loss of $13.5 million, or $0.80 per diluted share, for the six months ended June 30, 2013. Operating loss was $3.35 million against $12.97 million a year ago. For the quarter, the company has announced impairment of goodwill of $3.121 million. The company announced that its Board of Directors has declared a dividend of $0.02 per share. The dividend will be payable on August 29, 2014, to stockholders of record on August 15, 2014.

Institutional Financial Markets, Inc., Q2 2014 Pre Recorded Earnings Call, Jul 31, 2014

Institutional Financial Markets, Inc., Q2 2014 Pre Recorded Earnings Call, Jul 31, 2014

Institutional Financial Markets, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Institutional Financial Markets, Inc. announced that they will report Q2, 2014 results at 12:00 PM, GMT Standard Time on Jul 31, 2014

Institutional Financial Markets, Inc., Q1 2014 Earnings Call, May 01, 2014

Institutional Financial Markets, Inc., Q1 2014 Earnings Call, May 01, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IFMI:US $1.97 USD -0.02

IFMI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for IFMI.
View Industry Companies
 

Industry Analysis

IFMI

Industry Average

Valuation IFMI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INSTITUTIONAL FINANCIAL MARK, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.