FRMO Corp. Reports Consolidated Financial Results for the Second Quarter and Six Months Ended November 30, 2014
January 14, 2015 at 08:25 pm
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FRMO Corp. reported consolidated financial results for the second quarter and six months ended November 30, 2014. Net income was $1,061,110 or $0.02 per share basic and diluted for the three months ended November 30, 2014, as compared to $1,050,758 or $0.02 per share basic and diluted for the same quarter of 2013. Income from operations was $1,575,000 compared to $1,455,000 a year ago.
For the six months ended November 30, 2014, net income was $1,828,639 or $0.04 per share, basic and diluted from $2,453,988 or $0.06 per share, basic and diluted for the same period in the prior year. Income from operations was $2,875,000 compared to $3,624,000 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 
