Frmo Corporation Reports Earnings Results for the Full Year Ended May 31, 2021
August 13, 2021 at 07:07 pm
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FRMO Corporation announced earnings results for the full year ended May 31, 2021. For the full year, the company announced total revenue was USD 150.568 million compared to negative total revenue of USD 22.142 million a year ago. Net income was USD 60.158 million compared to net loss of USD 14.564 million a year ago. Basic earnings per share from continuing operations was USD 1.37 compared to basic loss per share from continuing operations of USD 0.33 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 
