National Holdings Corporation Reports Financial Results for the Fiscal 2018 First Quarter
NATIONAL HOLDINGS CORP (NHLD)
US:NASDAQ Investor Relations:
nhldcorp.com
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 14, 2018 (GLOBE NEWSWIRE) -- National Holdings Corporation (NASDAQ:NHLD) (“National” or the “Company”), a leading full service independent brokerage, investment banking, trading and asset management firm providing diverse services including tax preparation, today announced its financial results for the fiscal 2018 first quarter. Fiscal 2018 First Quarter Financial Highlights: Revenue of $50.1 million, versus $44.6 million for the fiscal first quarter 2017.Investment banking continued to produce excellent results, generating $14.6 million of revenue, versus $9.7 million in the prior year quarter.Investment advisory and commissions revenues improved by $1.9 and $1.1 million respectively.Adjusted EBITDA declined to $.6 million from a strong $2.1 million in the prior year quarter, on significant infrastructure investment.A loss before other expense and income taxes of $.2 million versus comparative profit of $1.6 million in the prior year quarter, again due to infrastru
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