[May 4th correction: The original version of this post has been updated with corrections reflecting that the restated net income had no material impact to the company’s 2015 full year results]
GAIN Capital has reshuffled its quarterly results for 2015 according to a regulatory filing made with the U.S. Securities and Exchange Commission (SEC). The brokerage has restated some of the key metrics within its quarterly reports, but the annual bottom line remained unchanged.
Make or Break Decision: Finding the Liquidity Provider Thats Best for YouGo to article >>
For the full year of 2015 the company has reported that its net income totaled $10.27 million. The figures in unchanged when compared to the full year results reported by GAIN Capital quarter by quarter. The firm’s bottom line in Q1 2015 and in Q3 2015 has been revised lower, while Q2 2015 and Q4 2015 have been revised higher.
Looking at the revenue figures reported by the company, the revisions have been negligent.
Net income numbers for the first quarter have been restated to $5.45 million from $8.33 million. For the second three months of 2015 GAIN Capital revised its loss from $8.83 million to $7.11 million. The adjustments for the second half of the year include a restatement in net income for the third quarter from $8.3 million when reported to $0.97 million, while for the final quarter of the year the company restated its net income from $2.46 million to $10.95 million.