Merriman Holdings, Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter Ended and Six Months Ended June 30, 2014
August 14, 2014 at 04:10 pm EDT
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Merriman Holdings, Inc. announced consolidated unaudited earnings results for the second quarter ended and six months ended June 30, 2014. For the quarter, the company reported revenues of $4,616,588 against $2,325,734 a year ago. Operating loss was $126,116 against $1,200,504 a year ago. Net loss attributable to common shareholders was $220,655 against $1,309,219 a year ago. Diluted loss per share was $0.05 against $0.35 a year ago. Adjusted EBITDA was $210,487 against adjusted LBITDA of $763,298 a year ago.
For the six months, the company reported revenues of $9,181,068 against $4,461,951 a year ago. Operating income was $901,145 against operating loss of $1,729,126 a year ago. Net income attributable to common shareholders was $431,883 against net loss attributable to common shareholders of $2,262,144 a year ago. Diluted earnings per share were $0.08 against diluted loss per share of $1.12 a year ago. Adjusted EBITDA was $1,365,702 against adjusted LBITDA of $1,030,212 a year ago.
Merriman Holdings, Inc. is a financial services holding company. The Company, through its wholly owned operating subsidiary Merriman Capital, Inc. (MC), provides capital markets advisory and research, corporate and investment banking services. The Company has three operating segments: MC, Financial Entrepreneurial Platform (FEP) and Capital Market Advisory Services (CMAG). The Company's MC segment includes a range of services, such as capital raising and financial advisory services for corporate clients, and brokerage and equity research services for its institutional investor clients. The Company's FEP segment includes capital raising services through a network of independent investment bankers. The Company's CMAG segment includes capital market advisory services, such as assisting corporate issuers in listing on OTCQX, the OTC Market tier, along with other services that facilitate the access to institutional capital markets.
MERRIMAN HOLDINGS, INC. 
