$Siebert Financial (SIEB.US)$ NEWS Siebert Reports Fourth Qu...
NEWS
Siebert Reports Fourth Quarter and Full Year 2023 Financial Results
Revenue for FY 2023 increased by 43% year-over-year to $71.5 million.
Operating income for FY 2023 was $18.1 million, a significant improvement from the previous year.
Net income for FY 2023 was $7.8 million compared to a net loss in 2022.
Earnings per share for FY 2023 were $0.21, a positive turnaround from a loss per share in 2022.
Retail customer net worth increased to $15.9 billion in 2023.
Total retail customer accounts grew to 153,727 in 2023.
Appointment of John J. Gebbia as CEO and Chairman, signaling strategic leadership changes.
Moved headquarters to Miami Beach and expanded presence in New York City, demonstrating growth strategy execution.
Closed a $17.4 million investment by Kakao Pay, enhancing financial stability and strategic partnerships.
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