FRMO Corporation Reports Earnings Results for the First Quarter Ended August 31, 2023
October 13, 2023 at 03:35 pm EDT
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FRMO Corporation reported earnings results for the first quarter ended August 31, 2023. For the first quarter, the company reported revenue was USD 89.13 million compared to USD 34.24 million a year ago. Net income was USD 32.33 million compared to USD 7.48 million a year ago.
Diluted earnings per share from continuing operations was USD 0.73 compared to USD 0.17 a year ago.
FRMO Corporation is an intellectual capital firm, which identifies and manages investment strategies and business opportunities. The Company is focused on making strategic investments in public and private companies. The Company's investments in unconsolidated subsidiaries include Miami International Holdings, Inc., CNSX Markets, Inc., American Financial Exchange, LLC and Horizon Kinetics, LLC (Horizon Kinetics). Horizon Kinetics is an investment advisory and independent research firm, with research activities serving primarily institutional investors. Horizon Kinetics provides in-depth analysis of information-poor, under-researched companies and strategies to identify complex or overlooked situations that can offer an advantage to the investor. The Company's investments in limited partnerships include Horizon Multi-Strategy Fund, LP, CDK Partners, LP, Polestar Fund, LP, Multi-Disciplinary Fund, LP, Kinetics Institutional Partners, LP and others.
FRMO CORPORATION 
