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OTC Markets Group reported financial results for the first quarter of 2024, with gross revenues of $27.7 million, down 1% from the prior year. Operating income was $6.7 million, a 3% decrease. The company announced a dividend of $0.18 per share and a stock buyback program.
OTC Markets Group Inc. announced the quarterly performance and rebalancing of various indices, including the OTCQX and OTCQB indexes. The OTCQX Composite Index was flat, with new companies joining and others being removed. The OTCQX Billion+ Index and Dividend Index also remained flat, while the OTCQX Banks Index was down by 1.4%. The OTCQX Canada Index was up by 8.2%, the OTCQX U.S. Index by 18.4%, and the OTCQX Cannabis Index by 38.5%. The OTCQB Venture Index was up by 1.4% with companies transitioning between OTCQB and OTCQX.
OTC Markets Group Inc. (OTCM) will report its first quarter 2024 financial results on May 8, 2024, followed by a conference call and webcast on May 9, 2024, where management will provide further details.
OTC Markets Group Inc. welcomes Osprey Solana Trust to the OTCQX Best Market, upgrading from OTCQB Venture Market. Osprey Solana Trust starts trading under the symbol 'OSOL,' providing U.S. investors with financial disclosure on www.otcmarkets.com. OTCQX Market offers a premium platform for investor-focused companies to enhance visibility and credibility among U.S. investors.
OTC Markets Group Inc. welcomes Mackenzie Realty Capital, Inc. to OTCQX, a West Coast-focused REIT that upgraded from the Pink market. Mackenzie Realty Capital, Inc. now trades under the symbol MKZR. The move to OTCQX provides U.S. investors access to financial disclosure and real-time quotes, offering a premium market for investor-focused companies. Companies must meet high financial standards and governance practices to qualify for OTCQX. MacKenzie aims to enhance shareholder value and attract new investors by joining OTCQX.