The chart below shows how SII performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SII sees a -4.64% change in stock price 10 days leading up to the earnings, and a +2.27% change 10 days following the report. On the earnings day itself, the stock moves by +1.28%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record High Assets Growth: Our assets under management increased by $2.3 billion to $33.4 billion, which is another record high for Spott.
Asset Growth Update: Our assets have continued to grow subsequent to the quarter and AUM was $34.2 billion as of November 1.
Net Income Surge: Net income this quarter was $12.7 million, up 87% from $6.8 million for the same three-month period last year.
Net Income Increase: On a year-to-date basis, net income was $37.6 million, up 17% from $32.1 million last year.
EBITDA Growth Analysis: Adjusted base EBITDA was $20.7 million in the quarter, up 16% from $17.9 million earned over the same three-month period last year.
Negative
Quarterly Net Income Surge: Net income this quarter was $12.7 million, up 87% from $6.8 million for the same three-month period last year, indicating a significant increase but not necessarily reflecting overall profitability trends.
Net Income Increase: On a year-to-date basis, net income was $37.6 million, up 17% from $32.1 million last year, suggesting a slower growth rate compared to previous periods.
Management Fees Increase: Our three and nine months ended results benefited from higher management fees on strong market valuations of our Precious Metals Physical Trust and inflows to our exchange listed products.
Investor Confidence Decline: Despite the increase in assets under management, the overall market conditions have led to a decline in investor confidence, impacting future growth prospects.
Investor Withdrawal Trends: The managed equity segment reported $54.6 million in net redemptions during the quarter and $167 million in redemptions during the first nine months of the year, indicating a concerning trend in investor withdrawals.
Sprott Inc. (SII) Q3 2024 Earnings Call Transcript
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