OTC Markets Group Reports Third Quarter 2021 Results

Delivering Continued Strong Revenue and Earnings Growth

NEW YORK, Nov. 10, 2021 /PRNewswire/ —

Third Quarter 2021 Highlights:

• Gross revenues of $25.2 million for the quarter, up 42% versus the prior year quarter

• Operating income of $9.7 million for the quarter, up 77% versus the prior year quarter

• Operating profit margin of 39.5% versus 32.1% during the prior year quarter

• Net income of $7.5 million, up 68% versus the prior year quarter, driving a 68% increase in the quarterly diluted GAAP EPS of $0.62

• Announcing special dividend of $1.50 per share, and fourth quarter dividend of $0.18 per share

• Total cash returned to shareholders during the quarter of $2.1 million in the form of dividends

• 45 graduates to a national securities exchange during the quarter

• Significant growth in issuers subscribing to our OTCQX and OTCQB markets as well as Disclosure & News Service^®, with 561 and 1,067 companies on OTCQX and OTCQB, respectively at the end of the quarter

• Launch of our third Alternative Trading System, OTC Link^® NQB, offering a fully attributable matching engine model

• 90 subscribers to OTC Link ECN at September 30, 2021, up 21 versus September 30, 2020; approximately 39,000 average daily trades during the quarter, compared to approximately 10,000 during the same prior year quarter

• Virtual Investor Conferences^® business hosted 6 events during the quarter, with 118 companies participating

• Implemented amendments to Rule 15c2-11, enabling our OTC Link ATS to act as a qualified interdealer quotation system

OTC Markets Group Inc. (OTCQX: OTCM), operator of the OTCQX^® Best Market, the OTCQB^® Venture Market and the Pink^® Open Market for over 11,000 U.S. and global securities, today announced its financial results for the third quarter of 2021.

“On September 28, the SEC’s amendments to Rule 15c2-11 went into effect and marked the beginning of our role as a Qualified Interdealer Quotation System,” said R. Cromwell Coulson, President and Chief Executive Officer. “With a modernized regulatory framework, we are better able to serve our customers while enhancing regulatory compliance and increasing the availability of information for investors. The technology foundation we have established around Rule 15c2-11 improves the value of our regulated markets for public companies, brings efficiencies to broker-dealer trading processes, and digitizes useful data for investors.”

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“We are pleased that our customers continue to see the distinct value proposition of our regulated markets and our suite of corporate services and market data products,” said Antonia Georgieva, Chief Financial Officer. “As a result of the strong customer engagement across our business lines, we delivered robust growth in revenues and income from operations. We were also pleased with our operating margin expansion and earnings per share growth as well as our continued ability to generate strong free cash flows and return value to our shareholders in the form of dividends.”