trending Market Intelligence /marketintelligence/en/news-insights/trending/fk01k25WjO1P6rOsD8m44w2 content esgSubNav
In This List

DGSE Cos. swings to loss in Q4

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


DGSE Cos. swings to loss in Q4

DGSE Cos. Inc. said its normalized net income for the fourth quarter amounted to a loss of $353,760, compared with income of $65,200 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 3.5% from 0.4% in the year-earlier period.

Total revenue decreased 8.5% on an annual basis to $16.6 million from $18.1 million, and total operating expenses decreased 5.0% year over year to $17.1 million from $18.0 million.

Reported net income came to a loss of $982,820, or a loss of 8 cents per share, compared to income of $121,730, or 1 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 10 cents per share, compared with a loss of 3 cents per share in the prior year.

Normalized net income was a loss of $1.2 million, compared with a loss of $422,830 in the prior year.

Full-year total revenue declined 13.9% on an annual basis to $60.9 million from $70.7 million, and total operating expenses decreased 12.1% year over year to $62.5 million from $71.1 million.

The company said reported net income totaled a loss of $2.3 million, or a loss of 19 cents per share, in the full year, compared with a loss of $610,840, or a loss of 5 cents per share, the prior year.