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AtlasClear Holdings (NYSEAMEX: ATCH) has announced its financial results for the quarter ended December 31, 2024. The company reported significant financial achievements for Calendar Year 2024, with Wilson Davis generating over $13.2 million in Revenue and Net Income exceeding $1.75 million on a standalone, Non-GAAP basis.
The company highlights ongoing improvement in core operations with continuous quarterly growth. AtlasClear’s business lines are expanding, particularly in their investment banking segment. The company’s current Market Capital is approximately 50% of the Net Income earned for the Calendar year on a standalone basis.
AtlasClear Holdings (NYSEAMEX: ATCH) ha annunciato i risultati finanziari per il trimestre chiuso il 31 dicembre 2024. L’azienda ha riportato risultati finanziari significativi per l’anno solare 2024, con Wilson Davis che ha generato oltre 13,2 milioni di dollari di fatturato e un reddito netto superiore a 1,75 milioni di dollari su base separata, non-GAAP.
L’azienda evidenzia un continuo miglioramento nelle operazioni core con una crescita trimestrale costante. Le linee di business di AtlasClear stanno espandendo, in particolare nel loro segmento di investment banking. L’attuale capitalizzazione di mercato dell’azienda è di circa il 50% del reddito netto guadagnato per l’anno solare su base separata.
AtlasClear Holdings (NYSEAMEX: ATCH) ha anunciado sus resultados financieros para el trimestre que finalizó el 31 de diciembre de 2024. La compañía reportó logros financieros significativos para el año calendario 2024, con Wilson Davis generando más de 13,2 millones de dólares en ingresos y un ingreso neto que supera los 1,75 millones de dólares en una base independiente, no-GAAP.
La empresa destaca la mejora continua en sus operaciones centrales con un crecimiento trimestral constante. Las líneas de negocio de AtlasClear están en expansión, particularmente en su segmento de banca de inversión. La capitalización de mercado actual de la empresa es aproximadamente el 50% del ingreso neto ganado durante el año calendario en una base independiente.
AtlasClear Holdings (NYSEAMEX: ATCH)는 2024년 12월 31일 종료된 분기의 재무 결과를 발표했습니다. 이 회사는 2024년 회계 연도에 대해 상당한 재무 성과를 보고했으며, Wilson Davis는 1,320만 달러 이상의 수익과 1,750,000달러를 초과하는 순이익을 독립적인 비 GAAP 기준으로 기록했습니다.
회사는 지속적인 분기 성장으로 핵심 운영의 지속적인 개선을 강조합니다. AtlasClear의 사업 부문은 특히 투자은행 부문에서 확장되고 있습니다. 회사의 현재 시장 가치는 독립적인 기준으로 회계 연도 동안 얻은 순이익의 약 50%입니다.
AtlasClear Holdings (NYSEAMEX: ATCH) a annoncé ses résultats financiers pour le trimestre clos le 31 décembre 2024. L’entreprise a rapporté des réalisations financières significatives pour l’année civile 2024, avec Wilson Davis générant plus de 13,2 millions de dollars de revenus et un revenu net dépassant 1,75 million de dollars sur une base indépendante, non-GAAP.
L’entreprise souligne l’amélioration continue de ses opérations principales avec une croissance trimestrielle constante. Les lignes d’activités d’AtlasClear sont en expansion, en particulier dans leur segment de banque d’investissement. La capitalisation boursière actuelle de l’entreprise est d’environ 50 % du revenu net gagné pour l’année civile sur une base indépendante.
AtlasClear Holdings (NYSEAMEX: ATCH) hat seine finanziellen Ergebnisse für das am 31. Dezember 2024 endende Quartal bekannt gegeben. Das Unternehmen berichtete von erheblichen finanziellen Erfolgen für das Kalenderjahr 2024, wobei Wilson Davis über 13,2 Millionen Dollar Umsatz und einen Nettogewinn von über 1,75 Millionen Dollar auf einer separaten, Non-GAAP-Basis erzielte.
Das Unternehmen hebt die fortlaufende Verbesserung der Kernoperationen mit kontinuierlichem Quartalswachstum hervor. Die Geschäftsfelder von AtlasClear expandieren, insbesondere im Bereich Investment Banking. Die aktuelle Marktkapitalisierung des Unternehmens beträgt etwa 50% des für das Kalenderjahr auf einer separaten Basis erzielten Nettogewinns.
Positive
- Revenue of $13.2 million for Calendar Year 2024
- Net Income of $1.75 million for Calendar Year 2024
- Continuous quarterly growth reported
- Expansion in investment banking business
Negative
- Market capitalization at 50% of annual net income indicates potential undervaluation
Insights
The financial results reveal compelling metrics that warrant careful analysis. Wilson-Davis’s standalone operations achieved a notable 13.3% net income margin ($1.75 million net income on $13.2 million revenue), indicating efficient operational execution and healthy profitability in their core business.
The most striking aspect is the company’s current market valuation. With a market capitalization of approximately $927,000, AtlasClear is trading at roughly 0.5x its annual net income – an unusually low multiple that diverges significantly from industry norms, where financial services firms typically trade at much higher multiples (often 10-15x earnings). This substantial deviation suggests either market inefficiency in pricing the stock or potential concerns about the sustainability of earnings that aren’t immediately apparent in the reported figures.
Several key factors deserve investor attention:
- The reported figures are non-GAAP and standalone for Wilson-Davis, which means they may exclude certain costs or adjustments that would appear in GAAP results
- The company’s fiscal year ends in June, but these results are for the calendar year, making direct historical comparisons more complex
- The expansion into investment banking services represents a strategic diversification that could drive higher-margin revenue streams
- Management’s explicit mention of share value suggests a focus on addressing the market valuation gap
The substantial gap between earnings performance and market valuation presents an intriguing scenario. However, investors should carefully examine the full GAAP financial statements, understand the nature of the non-GAAP adjustments, and assess the sustainability of the reported earnings before making investment decisions based on the apparent valuation disconnect.
TAMPA, Fla.–(BUSINESS WIRE)– AtlasClear Holdings, Inc. (“AtlasClear Holdings”) (NYSEAMEX: ATCH) announced their financial results for the quarter ended December 31 , 2024, on Wednesday, February 19th, after market close. The company reports on a fiscal year end of June 30th..
“We are excited with the release of our December 31st quarterly numbers. They represent our on-going improvement in core operations. The numbers reflect continuous quarterly growth and a significant increase in net income on a standalone, non-GAAP basis for Wilson-Davis. Business lines are expanding including our investment banking business and we believe we have a bright future in front of us,” said Executive Chairman, John Schaible. “For Calendar Year 2024, on a standalone, Non-GAAP basis for Wilson Davis, we generated over $13.2 million in Revenue with Net Income of over $1.75 million.”
“We will continue to work to improve our performance, with the hope that it will reflect in our share value. As we stand today, our current Market Capital is approximately 50% of the Net Income earned for the Calendar year on a standalone basis, which we think is value,” said Craig Ridenhour, President.
About AtlasClear Holdings, Inc.
AtlasClear Holdings plans to build a cutting-edge technology enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on the small and middle market financial services firms. The strategic goal of AtlasClear Holdings is to have a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The team that leads AtlasClear Holdings consists of respected financial services industry veterans that have founded and led other companies in the industry including Penson Clearing, Southwest Securities, NexTrade, Symbiont, and Anderen Bank.
About the Financial Technology
The nature of the combined entity is expected to be supported by robust, proven, financial technologies with a full suite that will enable the flow of business and success of the enterprise. The combined entity is expected to have a full exchange platform for a spectrum of financial products. In addition, the combined entity is expected to have a full prime brokerage and, following the completion of the proposed acquisition of Commercial Bancorp of Wyoming (“Commercial Bancorp”), a prime banking platform with complete front-end delivery. The enterprise is anticipated to offer a fixed income risk management platform which can be expanded to a diverse application on financial products.
About Wilson-Davis & Co., Inc.
Wilson-Davis & Co. Inc. (“Wilson-Davis”) is a full-service correspondent securities broker-dealer. The company is registered with the Securities and Exchange Commission (“SEC”), the Financial Industry Regulatory Authority and the Securities Investor Protection Organization. In addition, Wilson-Davis is a member of DTCC as well as the National Securities Clearing Corporation. Headquartered in Salt Lake City, Utah and Dallas, Texas. Wilson-Davis has been servicing the investment community since 1968, with satellite offices in California, Arizona, Colorado, New York, New Jersey and Florida.
About Commercial Bancorp of Wyoming
Commercial Bancorp is a bank holding company operating through its wholly-owned subsidiary, Farmers State Bank (“FSB”) and has been servicing the local community in Pine Bluffs, WY since 1915. It has focused the majority of its services on private and corporate banking. A member of the Federal Reserve, FSB is expected to be a strategic asset for AtlasClear Holdings’ long-term business model.
Cautionary Statements Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings’ current views with respect to, among other things, the future operations and financial performance of AtlasClear Holdings. Forward-looking statements in this communication may be identified by the use of words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “foreseeable,” “future,” “intend,” “may,” “outlook,” “plan,” “potential,” “proposed,” “predict,” “project,” “seek,” “should,” “target,” “trends,” “will,” “would” and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) AtlasClear Holdings’ expectations as to operational results, (ii) AtlasClear Holdings’ expectations regarding timing to file its transition report, (iii ) AtlasClear Holdings’ expectations regarding the benefits of the new board appointment (iv) AtlasClear’s anticipated growth strategy, including expected acquisitions, and (v) the financial technology of AtlasClear Holdings.
The forward-looking statements contained in this communication are based on the current expectations of AtlasClear Holdings and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting AtlasClear Holdings will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control of AtlasClear Holdings. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.
Such factors include, but are not limited to: AtlasClear’s inability to successfully integrate, and/or realize the anticipated benefits of, the acquisition of Wilson-Davis and the technology acquired from Pacsquare Technologies LLC (the “Transaction”); failure to recognize the anticipated benefits of the Transaction, which may be affected by, among other things, competition, the ability of AtlasClear Holdings to maintain relationships with customers and suppliers and strategic alliance third parties, and to retain its management and key employees; AtlasClear Holdings’ inability to integrate, and to realize the benefits of, the Transaction and other potential acquisitions; changes in general economic or political conditions; changes in the markets that AtlasClear Holdings targets; slowdowns in securities or cryptocurrency trading or shifting demand for trading, clearing and settling financial products; any change in laws applicable to AtlasClear Holdings or any regulatory or judicial interpretation thereof; factors that may cause a delay in timely filing the transition report described herein; the risk that additional or different information may become known prior to the expected filing of the transition report, and other factors, risks and uncertainties, including those that were included under the heading “Risk Factors” in AtlasClear Holdings’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 16, 2024 and its subsequent filings with the SEC. AtlasClear Holdings cautions that the foregoing list of factors is not exhaustive. Any forward-looking statement made in this communication speaks only as of the date hereof. Plans, intentions or expectations disclosed in forward-looking statements may not be achieved and no one should place undue reliance on such forward-looking statements. AtlasClear Holdings does not undertake any obligation to update, revise or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250221712366/en/
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Investors
Source: AtlasClear
FAQ
What was AtlasClear Holdings (ATCH) revenue for Calendar Year 2024?
AtlasClear Holdings reported revenue of $13.2 million for Calendar Year 2024 on a standalone, Non-GAAP basis for Wilson Davis.
How much net income did ATCH generate in Calendar Year 2024?
ATCH generated net income of over $1.75 million in Calendar Year 2024 on a standalone, Non-GAAP basis.
What is the current market capitalization of ATCH compared to its net income?
According to the release, ATCH’s current market capitalization is approximately 50% of the net income earned for the Calendar year on a standalone basis.
Which business segments are expanding at AtlasClear Holdings?
AtlasClear Holdings reported expansion in their business lines, specifically highlighting growth in their investment banking business.
