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Collectors Universe, Inc. (NASDAQ: CLCT) announced a quarterly cash dividend of $0.175 per share for Q2 of fiscal 2021. This dividend will be paid on November 27, 2020 to shareholders on record as of November 13, 2020. The company is recognized for its authentication and grading services in the high-value collectibles market, enhancing value for dealers and collectors alike. Collectors Universe operates various services, including a dealer-to-dealer bidding market and trade conventions.
Collectors Universe, a key player in the collectibles market, will announce its financial results for Q1 2020 on November 2, 2020, after market close. The company provides authentication and grading services for collectibles including coins and trading cards. Following the release, a conference call will be held at 4:30 p.m. Eastern to discuss the results. Interested participants can access the call via phone or through a live webcast on the company’s website. The call will be archived for 12 months.
Collectors Universe, Inc. (NASDAQ: CLCT) announced the expansion of its headquarters by securing an additional 62,870 square feet of office space, doubling its facility to 125,625 square feet. This strategic move aims to support the company's growth, enhance operational capacity, and introduce automation solutions for efficient authentication and grading of collectibles. The lease amendment extends through September 30, 2028, with occupancy planned for early fiscal second quarter. CEO Joseph Orlando emphasizes minimal workforce disruption and increased capacity for onboarding new staff.
Collectors Universe (NASDAQ: CLCT) has expanded its Board of Directors from five to eight members by appointing three independent directors: Kate W. Duchene, Vina M. Leite, and Jon M. Sullivan. This move adds diverse experience in finance, operations, and technology, enhancing the company's governance. The appointments reflect a commitment to strong oversight and strategic growth amid challenges posed by COVID-19. Additionally, Collectors Universe has retained Shelton Group for investor relations support, signaling its dedication to shareholder interests.
Collectors Universe reported strong Q4 and FY 2020 results, with revenues of $20.5 million and $78.9 million, up 4% and 9% respectively. Card and autograph revenues surged by 27%, contributing to a gross profit margin of 60%. Cash on hand increased to $28.6 million, compared to $22.2 million in March 2020. Despite challenges from COVID-19, the company managed to certify 5 million collectibles, a record for the fiscal year. Operating income reached $3.5 million in Q4, down from $4.5 million a year prior, while net income was $2.6 million.
Collectors Universe, Inc. (NASDAQ: CLCT) will release its fourth quarter and fiscal year financial results for the period ending June 30, 2020, on August 26, 2020, after market close. A conference call to discuss these results will be held the same day at 4:30 p.m. Eastern / 1:30 p.m. Pacific. Interested participants can join by dialing the provided numbers. A replay will be accessible until September 9, 2020, and a live webcast of the call will be available on the company's website, which will be archived for 12 months.
Collectors Universe (NASDAQ: CLCT) has declared a quarterly cash dividend of $0.175 per share for the first quarter of fiscal 2021. This dividend will be paid on August 28, 2020 to stockholders of record as of August 14, 2020. Collectors Universe specializes in providing authentication and grading services for high-value collectibles, including coins, trading cards, and memorabilia. The company continues to support the collectibles market with its range of services and resources.
Alta Fox Capital Management, a major shareholder of Collectors Universe (CLCT), with a 5.4% ownership stake, has nominated six qualified director candidates for election to the board at the 2020 Annual Meeting of Shareholders. This move is aimed at enhancing governance and strategic direction at the Company. Alta Fox has issued a letter to shareholders urging them to support its nominees and is set to file a preliminary proxy statement with the SEC regarding the upcoming election. Shareholders are encouraged to read the proxy materials as they will contain vital information.
Collectors Universe, Inc. (NASDAQ: CLCT) reported its Q3 financial results for fiscal 2020, revealing a 4% decline in revenues to $18.7 million due to COVID-19 impacts. Gross profit margin dropped to 53% from 60%. Despite challenges, cards/autographs revenues increased by 17%, achieving a record. The company maintains a strong balance sheet with $22.2 million in cash and a $15 million line of credit. A quarterly cash dividend of $0.175 per share is scheduled for May 29, 2020.
Collectores Universe, Inc. (NASDAQ: CLCT) is set to release its financial results for the third quarter ended March 31, 2020, on May 6, 2020, after the market closes. A conference call will be held the same day at 4:30 p.m. Eastern to discuss the results. Interested participants can join by dialing the provided numbers, and a replay will be available until May 20, 2020. The company is recognized for offering authentication and grading services for collectibles such as coins, trading cards, and memorabilia, operating in a growing niche market.
