OTC Markets Group Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended Sep. 30, 2013. For the quarter, the company reported net revenues of $8,483,000 compared with $8,229,000 for the same period last year. Income from operations was $2,260,000 compared with $1,866,000 for the same period last year. Income before provision for income taxes was $2,261,000 compared with $1,888,000 for the same period last year. Net income was $1,432,000 or $0.13 basic and diluted per share compared with $1,154,000 or $0.11 basic and diluted per share for the same period last year. Adjusted EBITDA was $2,909,000 compared with $2,540,000 for the same period last year. Adjusted diluted earnings per share were $0.27 compared to $0.24 a year ago. The increase in income from operations and expansion of operating profit margin was primarily attributable to the increases in market data license revenue and decreases in marketing and advertising expenses and consulting fees. Adjusted EBITDA increased primarily due to an increase in income from operations during the third quarter of 2013

For the nine months, the company reported net revenues of $25,118,000 compared with $24,734,000 for the same period last year. Income from operations was $5,865,000 compared with $6,462,000 for the same period last year. Income before provision for income taxes was $5,860,000 compared with $6,493,000 for the same period last year. Net income was $4,065,000 or $0.37 basic and diluted per share compared with $3,898,000 or $0.36 basic and diluted per share for the same period last year. Adjusted EBITDA was $7,951,000 compared with $8,439,000 for the same period last year. Adjusted diluted earnings per share were $0.74 compared to $0.80 a year ago. The decrease in income from operations was primarily attributable to the increases in headcount and costs associated with the updated data center. The decrease in Adjusted EBITDA was due to the decrease in operating income during the period.

The company announced that on November 11, 2013, the company's Board of Directors appointed Neal Wolkoff as non-executive Chairman. Mr. Wolkoff is a former executive of three exchanges and an independent business consultant focusing on futures and securities markets, exchanges, market regulation, operations and clearinghouses. From 2008 to February 2012, Mr. Wolkoff was the Chief Executive Officer of ELX Futures, L.P. Mr. Wolkoff is a non-executive director of World Gold Trust Services, the sponsor of the Exchange Traded Fund 'GLD'. Mr. Wolkoff is also a member of the not-for-profit board of The Golda Och Academy in West Orange, NJ.

The company announced that its Board of Directors authorized a quarterly cash dividend on its class A common stock of $0.06 per share. The dividend is payable on December 26, 2013 to stockholders of record on December 12, 2013. The ex-dividend date is December 10, 2013.