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Collectors Universe sees collectible coin revenue sink in its 4Q results

The memorabilia authenticator reported a 15% decrease in coin revenues in its fourth quarter

Collectible coins in a case
The company authenticates and grades collectible coins, trading cards, autographs and other memorabilia

Collectors Universe Inc (NASDAQ:CLCT) announced its fiscal fourth-quarter earnings, seeing a rise in its cards and autographs segment while its coin service revenue dropped double digits.

The memorabilia authenticator reported earnings of US$0.11 per share on revenue of US$17.1mln compared with US$0.12 EPS on revenue of US$17.9mln in the previous year’s fourth quarter.

The company authenticates and grades collectible coins, trading cards, autographs and other memorabilia.

Collectors Universe reported a boost in its cards and autograph service revenues while coin revenues decreased around 15% in the fourth quarter.

“Some of these markets remain soft, such as the US modern coin market, which has been hampered by a combination of poor sales figures at the Mint and depressed precious metals activity. Other markets, however, have returned to expected levels and beyond,” said CEO Joseph Orlando in the company’s press release.

Orlando also stated that the company had undergone a restructuring, which is expected to lead to US$2mln in annualized savings.

Shares of the California-based company closed at US$13.90 and were flat in Thursday after-hours trading.

Quick facts: Collectors Universe Inc

Price: 60.42 USD

NASDAQ:CLCT
Market: NASDAQ
Market Cap: $558.28 m
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