Sierra Trading company, Inc., one of the largest online trading companies in the United States, announced the following results for the third quarter ended December 31, 2018.
Company revenues increased by 14% year over year as well as by 25% year-over-year, with the largest increase coming from its online trading operations.
The Company also experienced a $1.4 million increase in net profit for the three months ended December 30, 2018, which was driven by an increase in revenues from the online trading and direct selling activities.
The following table sets forth the results for this third quarter and highlights the benefits of these increases.
Year Ended December 31 2018 2017 2016 Net income $ 9,664 $ 6,726 (9%) Net income per share: Basic $ 0.00 $ 0 .05 Diluted $ 0 0.03 $ 0 1.08 Adjusted EBITDA (1) $ 0 $ 0 4 (4%) Adjusted EBDDA (2) $ 1,049 $ 1 $ 7,634