ECN Capital Reports US $0.05 in Adjusted Net Income per Common Share in Q3-2024

Key Financial Highlights for Q3-2024

• Revenue: US $24.9 million, a 12.4% increase compared to Q3-2023
• Adjusted Net Income: US $1.9 million, a 15.4% increase compared to Q3-2023
• Adjusted Net Income per Common Share: US $0.05, a 16.7% increase compared to Q3-2023
• Total Assets: US $162.5 million, a 5.6% increase compared to Q3-2023
• Total Shareholders' Equity: US $87.4 million, a 7.1% increase compared to Q3-2023

Growth Drivers and Business Outlook

The company's revenue growth in Q3-2024 was primarily driven by increased demand for its proprietary fixed income strategies. The company's experienced investment team and strong track record in the fixed income market continue to attract new and existing investors.

ECN Capital's adjusted net income growth was driven by a combination of revenue growth and expense management initiatives. The company has been actively working to optimize its cost structure, while continuing to invest in strategic initiatives that will support long-term growth.

Looking ahead, ECN Capital remains optimistic about the growth prospects for its business. The company's strong financial performance in Q3-2024 provides a solid foundation for continued growth in the coming quarters. The company is well-positioned to capitalize on the growing demand for fixed income investments, and its experienced team and robust investment platform will continue to drive value for its shareholders.

Financial Performance Summary