| First Montauk Financial Corp., (FMFK:OTCBB)
is the parent company of First Montauk Securities Corp.,
a registered securities broker/dealer, headquartered
in Red Bank, N.J., with approximately 50,000 retail
and institutional accounts. The Company's ability to
offer quality support services, in-house and third party
research, advanced networked information systems and
competitive commission has attracted more than 550 independent,
professional registered representatives across the country. |
|
Approximate Employees: 90
FYE 12/31
|
2003
|
2002
|
2001
|
2000
|
|
Total Revenues ($000)
|
58,227
|
47,967
|
51,220
|
59,330
|
|
Net Income ($000)
|
(3,518)
|
(2,960)
|
(5,208)
|
(689)
|
|
Shareholders Equity ($000)
|
(4,087)
|
(778)
|
2,286
|
7,703
|
|
Shareholders Equity/Share
|
na
|
na
|
0.26
|
0.82
|
|
Earnings per share
|
(0.40)
|
(0.36)
|
(0.61)
|
(0.08)
|
|
Shares Outstanding (000)
|
8,784
|
8,552
|
8,704
|
9,450
|
|
Company reported for the second
quarter ended 6/30/04 earnings of $2,000 or $0.00
per share on revenues of $14,242,000 vs. a net loss
of $(1,339,000) or $(0.16) per share on revenues of
$15,902,000 for the same period last year.
Company reported for the six months
ended 6/30/04 earnings of $217,000 or $0.02 per share
on revenues of $33,063,000 vs. a net loss of $(1,836,000)
or $(0.21) per share on revenues of $26,859,000 for
the same period last year.
|
COMPANY CONTACT: William J. Kurinsky,
Vice President and Chief Financial Officer; (732)
842-4700
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